Senior Noteholders definition
Examples of Senior Noteholders in a sentence
The Collateral Agent has the absolute and unrestricted right, power, authority and capacity to sell, on behalf of the Senior Noteholders, the Company Entities’ right, title and interest in and to the Transferred Collateral Assets and to enter into this Agreement and the other Ancillary Agreements to which it is or will be a party.
As a result of such continuing Existing Events of Default, the Buyer, as the designee of the Senior Noteholders, has rights under Section 9-610 of the UCC to acquire for value in a public sale all of the Collateral Agent’s right, title and interest in and to the Collateral Assets in accordance with the Sale Proceeding, and the Selling Parties hereby consent to such Sale Proceeding.
The Collateral Agent, for the benefit of itself and the Senior Noteholders, hasholds a valid, properly perfected and enforceable Lien on all of the Transferred Collateral Assets to be sold hereunder by the Collateral Agent, to the extent such Lien can be perfected by the proper filing of a UCC financing statement with the applicable filing office specified in the UCC, with priority over all Liens thereon other than any Permitted Liens.
As a result of such continuing Existing Events of Default, the Buyer, as the designee of the Senior Noteholders, has rights under SectionSections 9-610 and 9-617 of the UCC to acquire for value in a public sale all of the Collateral Agent’s right, title and interest in and to the Collateral Assets in accordance with the Sale Proceeding, and the Selling Parties and Collateral Agent hereby consent to such Sale Proceeding.
All of the obligations of the Company Entities to the Collateral Agent and the Senior Noteholders under the Senior Notes Documents are valid, binding and enforceable, and the Company is in default of such obligations in a manner that vests in the Collateral Agent the right to convey, subject to the terms and conditions of this Agreement and the other Ancillary Agreements, all of the Company Entities’ right, title and interest in and to the Acquired Assets to Buyer pursuant to Section 9-617(a) of the UCC.