Examples of Senior Note Trustees in a sentence
The Pledgor agrees not to knowingly take or permit to be taken any action which would impair the Pledged Collateral or the Senior Note Trustee's rights in the Pledged Collateral.
Neither the creation of the security interests created hereunder nor the acceptance of any such additional collateral or security shall prevent the Senior Note Trustee from resorting to such additional collateral or security or to the Pledged Collateral, in any order without affecting the Senior Note Trustee's rights hereunder.
The Senior Note Trustee shall give the Pledgor at least 10 Business Days' written notice (which the Pledgor agrees shall be deemed to be reasonable notification within the meaning of Section 9-504(3) of the NUCC) of the Senior Note Trustee's intention to make any such public or private sale.
The Senior Notes and the Senior Note Trustee's certificate of authentication shall be substantially in the form of Exhibits A1 and A2 hereto.
If any mutilated Senior Note is surrendered to the Senior Note Trustee or the Company and the Senior Note Trustee receives evidence to its satisfaction of the destruction, loss or theft of any Senior Note, the Company shall issue and the Senior Note Trustee, upon receipt of an Authentication Order, shall authenticate a replacement Senior Note if the Senior Note Trustee's requirements are met.
A resignation or removal of the Senior Note Trustee and appointment of a successor Senior Note Trustee shall become effective only upon the successor Senior Note Trustee's acceptance of appointment as provided in this Section.
The Senior Note Trustee's compensation shall not be limited by any law on compensation of a Senior Note Trustee of an express trust.
Such expenses shall include the reasonable compensation, disbursements and expenses of the Senior Note Trustee's agents and counsel.
Delivery of such reports, information and documents to the Senior Note Trustee is for informational purposes only and the Senior Note Trustee's receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company's compliance with any of its covenants hereunder (as to which the Senior Note Trustee is entitled to rely exclusively on Officers' Certificates).
However, any distributions on account of Senior Secured Lender Claims shall be made to the Administrative Agent, and distributions on account of Senior Note Claims shall be made to the Senior Note Trustees.