Examples of Senior Loan Agreements in a sentence
Pursuant to the Deposit Account Control Agreements, as and when Pay-for-Success Payments are due to Borrower under the City PFS Agreement, the Lender Representative will have the authority to cause all of such amounts to be paid directly from the Designated Accounts to Senior Lenders and Subordinate Lender for the account of Borrower in accordance with the Priority of Payments Schedule for application to the obligations of Borrower under the Senior Loan Agreements and the Subordinate Loan Agreement.
Notwithstanding the foregoing provisions of this Section 12(m) in the event the Senior Loans or the Subordinate Loan is indefeasibly repaid in full and all Pay-for-Success Fees due during the term of the Senior Loan Agreements or the term of the Subordinate Loan Agreement, as applicable, are indefeasibly paid in full, the Senior Lenders or Subordinate Lender that was the holder of such repaid loan shall have no further rights under this Agreement.
A Senior Lender may only transfer, assign or grant its rights hereunder whether in connection with an assignment or transfer of all or any part of its interest in its Senior Loans in accordance with Section 10.20 (Transferability) of the Common Terms Agreement and the provisions of its respective Senior Loan Agreements.