Senior Guarantors definition
Examples of Senior Guarantors in a sentence
Within 90 days after the Closing Date, the Issuer and the applicable Senior Guarantors shall use their commercially reasonable efforts to obtain (i) landlord consents, in form and substance satisfactory to the Required Holders, with respect to each leased location and (ii) letter agreements, in form and substance satisfactory to the Required Holders, from counterparties to service agreements relating to the servers.
The Notes shall be senior secured obligations of the Issuer and the Guaranty shall be (i) the senior secured obligation of the Senior Guarantors and (ii) the subordinated secured obligations of the Subordinated Guarantors.
The Trustee may be appointed, and may serve contemporaneously with its service hereunder, as trustee under an Indenture among the Company, the Senior Guarantors and it providing for issuance by the Company of debt instruments subordinated to the Securities (the "Subordinated Indenture") and shall not be considered to be conflicted in its duties under either the Subordinated Indenture or this Indenture by reason of its acting as trustee under the other.
The Administrative Agent shall have received counterparts of the “Third Amendment to the Senior Secured Credit Agreement” in the form attached hereto as Exhibit A with respect to the Senior Credit Facility, fully executed by Borrower, Senior Guarantors, Société Générale as Administrative Agent, S▇ ▇▇▇▇▇ Securities Corporation as Joint Lead Arranger and Book Runner, S▇▇▇▇▇▇ ▇▇▇▇▇ B▇▇▇▇▇ Inc.
In no event shall the Holder commence any action or proceeding to contest the provisions of this Section X or the priority of the Liens (as defined in the Senior Credit Agreement) granted to the holders of the Senior Indebtedness by Borrowers and Senior Guarantors.
The Senior Credit Facility will contain customary events of default and will be supported by guaranties (the "Senior Guaranties") from certain of Parent's subsidiaries (the "Senior Guarantors").
The obligations under the Senior Credit Facility and under the Senior Guaranties will be secured by a security interest in all of the present and future property, assets and undertaking of Parent, Borrower and the Senior Guarantors.
Subordinated Note Trustee and each Subordinated Debtholder has the means to be, and shall, to the extent they deem it appropriate to do so, but without any obligation to do so, in the future, remain fully informed as to the financial condition and other affairs of Borrower and Senior Guarantors and Senior Lender shall not have any obligation or duty to disclose any such information to Subordinated Note Trustee or any Subordinated Debtholder.
Each holder of Senior Indebtedness shall be deemed to have acquired Senior Indebtedness in reliance upon the agreements of Borrowers, Senior Guarantors and the Holder contained in this Section X.
The Trustee may be appointed, and any serve contemporaneously with its service hereunder, as trustee under an Indenture among the Company, the Senior Guarantors and it providing for issuance by the Company of debt instruments subordinated to the Securities (the "Subordinated Indenture") and shall not be considered to be conflicted in its duties under either the Subordinated Indenture or this Indenture by reason of its acting as trustee under the other.