Examples of Senior Notes Collateral in a sentence
A waiver by the Senior Notes Collateral Agent or any Holder of any right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy that the Senior Notes Collateral Agent or such Holder would otherwise have on any future occasion.
The Pledgor hereby authorizes and instructs the Issuer to comply with any instruction received by the Issuer from the Senior Notes Collateral Agent that (i) states that an Event of Default has occurred and (ii) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from the Pledgor, and the Pledgor agrees that the Issuer shall be fully protected in so complying.
Until such time as the Obligations shall have been paid in full, the Senior Notes Collateral Agent may at any time, by giving written notice to the Pledgor and Holders, resign and be discharged of the responsibilities hereby created, such resignation to become effective upon (i) the appointment of a successor Senior Notes Collateral Agent and (ii) the acceptance of such appointment by such successor Senior Notes Collateral Agent.
As promptly as practicable after the giving of any such notice, the Holders shall appoint a successor Senior Notes Collateral Agent, which successor Senior Notes Collateral Agent shall be reasonably acceptable to the Pledgor.
Neither the Senior Notes Collateral Agent nor any Holder shall be deemed, by any act, delay, indulgence, omission or otherwise, to have waived any right or remedy hereunder or to have acquiesced in any Default or Event of Default or in any breach of any of the terms and conditions hereof.