Examples of Senior Note Obligations in a sentence
The Security Interest granted herein shall constitute (i) a first priority security interest and Lien securing the Credit Agreement Obligations, (ii) a second priority security interest and Lien securing the Senior Note Obligations, and (iii) a third priority security interest and Lien securing the Junior Note Obligations.
Subject to the terms and conditions of this Agreement and each Financing Document, the Obligors will be permitted from time to time to designate as an additional holder of Senior Note Obligations and/or Junior Note Obligations hereunder each Person that is, or that becomes or is to become, the holder of any Additional Note Obligations (or the Additional Note Obligations Agent in respect of such Additional Note Obligations).
Notwithstanding anything to the contrary in this Agreement, the priorities of any Liens on the Note Priority Collateral securing the Senior Note Obligations and the Junior Note Obligations, as between them, shall be governed by and subject to the Notes Intercreditor Agreement.
Subject to Section 10 hereof, this Security Agreement shall terminate when the Senior Note Obligations are paid in full.
This Agreement and the other Security Documents (a) secure the Existing Senior Note Obligations equally and ratably with all other Obligations to the extent (but only to the extent) required by Section 1008 of the Existing Senior Notes Indenture, (b) shall be construed and enforced accordingly and (c) shall be enforced in accordance with the terms of the Intercreditor Agreement.