Examples of Senior Loan Obligations in a sentence
Further, in reliance upon, among other things, such adequate protection, the Pre-Petition Senior Secured Parties have consented to the priming of Pre-Petition Senior Loan Obligations.
Repayment of the Pre-Petition Senior Loan Obligations Should Be Approved.
Furthermore, pursuant to the Intercreditor Agreement, the UMEZ Loan Obligations and the Building Loan Obligations are subordinated in right of payment to the Prepetition Senior Loan Obligations.
For the avoidance of doubt, if Subordinate Lender receives any payment, whether in cash or other property, as a result of an Enforcement Action Against Collateral, such payment shall be deemed received in trust for Senior Lender, and Subordinate Lender shall promptly deliver such payment to Senior Lender in accordance with the provisions of Section 10 hereof, until the Senior Loan Obligations have been Paid In Full.
During the existence of any Event of Default, the Senior Agent shall at the request of the Majority Senior Lenders declare by written notice to the Borrower the outstanding principal amount of the Notes, all accrued but unpaid interest thereon, and all other Senior Loan Obligations to be immediately due and payable.