Examples of Senior Facility Agent in a sentence
The Senior Creditors shall not, except with the prior written consent of the Super Senior Facility Agent, be subrogated to or entitled to exercise any right of any Super Senior Creditor or guarantee under any Super Senior Facility Document.
Each Senior Creditor shall, at its own expense, take whatever action the Super Senior Facility Agent may require to give effect to this Clause 6.
The Super Senior Facility Agent shall promptly notify the Bonds Agent and any New Senior Creditors of the occurrence of the Final Discharge Date under the Super Senior Facility Documents or Hedging Agreements.
If the Super Senior Facility Agent or any Super Senior Creditor receives any distribution otherwise than in cash in respect of any Super Senior Debt, such distribution will not be applied pursuant to Clause 7.1 (Order of Application) and reduce the relevant Super Senior Debt until cash proceeds from realisation of such distribution have been received and applied in accordance with Clause 7.1 (Order of Application).
In the event that the Disbursing Agent should at any time be confronted with inconsistent claims or demands by any of the parties hereto, the Senior Facility Agent, the Mezz Facility Agent, the New Senior Facility Agent, the New Junior Facility Agent, the Security Trustee or the Holders, or any transferee, assignee, heir, representative or legatee thereof, the Disbursing Agent shall be entitled, at its sole election, to refuse to comply with any such conflicting claims or demands.