Senior NIA definition
Examples of Senior NIA in a sentence
Notwithstanding anything to the contrary herein or in any Senior Loan Document or any Subordinated Loan Document, the Obligors shall not be required to act or refrain from acting pursuant to any Subordinated Loan Document with respect to any Collateral (as defined in the Senior NIA) in any manner that would cause a default under any Senior Loan Document or which is in violation of this Subordination Agreement.
U.S. Bank Trust Company, National Association is entering into this Subordination Agreement solely in its capacity as Collateral Agent under the Original Senior NIA and not in its individual or corporate capacity.
Each Subordinated Agent, for and on behalf of itself and the Subordinated Lenders, acknowledges and agrees that no application of any Payment Collateral or Cash Collateral by the Senior Agent or the release of any Lien by the Senior Agent upon any portion of the Collateral in connection with any disposition of assets pursuant to Section 4.15 of the Original Senior NIA shall constitute the Exercise of Secured Creditor Remedies under this Subordination Agreement.
In acting hereunder, the Original Senior Agent shall be entitled to all of the rights, privileges, indemnities and immunities set forth in the Original Senior NIA as if such rights, privileges, indemnities and immunities were set forth herein.
Unless otherwise defined in this Subordination Agreement, any and all initially capitalized terms set forth in this Subordination Agreement shall have the meaning ascribed thereto in the Original Senior NIA.
The repayment of the Senior Obligations (as hereinafter defined) is secured by, among other things, security interests in and liens on substantially all of the assets of the Obligors pursuant to certain collateral documents in favor of the Original Senior Agent for the benefit of the Original Senior Holders and the other Secured Parties (as defined in the Original Senior NIA).