Examples of Senior Lender Liabilities in a sentence
The Intercreditor Agreement provides that any Purchasing Party may elect to purchase all of the Senior Lender Liabilities by serving an irrevocable notice on the Senior Facility Agent no later than 15 Business Days after the Mezzanine Facility Agent has received a notice of the relevant Purchase Event.
The Senior Purchase Notice must nominate a date (the Senior Purchase Completion Date) falling not more than 15 Business Days after the date of the Senior Purchase Notice on which the Mezzanine Lenders shall pay the Senior Purchase Amount and acquire all Senior Lender Liabilities.
To the extent InTarget may not, as a matter of applicable law, disclaim certain implied warranties, the duration of any such implied warranty shall be limited to the minimum time period permitted under such law.
Each of the Parties agrees that the Senior Lender Liabilities, the Agent Liabilities, the Arranger Liabilities and the Hedging Liabilities shall rank pari passu and without any preference between them.
The Intercreditor Agreement further provides that the Transaction Security (being the security created in connection with the TRG Finance Documents) shall rank and secure the Super Senior Liabilities and the Senior Lender Liabilities (subject to the terms of the Intercreditor Agreement) pari passu and without any preference between them (but only to the extent that such Transaction Security is expressed to secure those liabilities).
However, the Super Senior Liabilities shall rank in priority to the Senior Lender Liabilities with respect to the proceeds of any enforcement of the guarantees or Transaction Security.