Senior Obligor definition

Senior Obligor means an Obligor under the Senior Facilities Agreement.
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Senior Obligor means any of the Issuer and the Senior Guarantors.
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Senior Obligor means an “Obligor” as defined under the Senior Facility Agreement.
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Examples of Senior Obligor in a sentence

  • Any Obligor or Senior Obligor fails duly to perform or comply with any other obligation (for the avoidance of doubt, including those obligations referred to in the sub-clauses contained within the brackets in Clause 21.3 (COVENANTS) (except for sub-clauses 18.1.2 and 18.1.3)) expressed to be assumed by it in any Facility Document and such failure is not remedied within twenty one days after the Agent has given notice thereof to the relevant defaulting party.

  • Except as otherwise provided in this Agreement, each Senior Obligor covenants and agrees, and the Subordinated Creditor likewise covenants and agrees, notwithstanding anything to the contrary contained in any of the Subordinated Debt Documents, that the payment of any and all of the Subordinated Debt shall be subordinate and subject in right and time of payment, to the extent and in the manner hereinafter set forth, to the prior Payment-In-Full of all Senior Obligations.

  • If a Distressed Disposal is being effected, the Security and Intercreditor Agent shall, and is irrevocably authorised to (at the cost of the relevant Senior Obligor or Group Company and without any consent, sanction, authority or further confirmation from any Finance Party, any Senior Obligor or Group Company) release the Deed of Guarantee.

  • Save as permitted under this Agreement, any Obligor or Senior Obligor (i) ceases to carry on all or a substantial part of its business, (ii) changes all or a substantial part of its business, or (iii) agrees to effect its dissolution or liquidation.

  • The term "Senior Indebtedness" shall mean all Indebtedness of any Senior Obligor arising other than by reason of this Agreement.

  • The Obligors and Senior Obligor acknowledge and agree that the value of any payments or distributions in cash, property or other assets received by the Subordinated Creditor that are paid over to the Senior Agent or Senior Creditors pursuant to this Agreement shall not reduce any of the Subordinated Debt.

  • The term "Senior Obligations" shall mean all Obligations of any Senior Obligor arising other than by reason of this Agreement.

  • This Agreement shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Senior Obligations is rescinded or must otherwise be returned by any Senior Creditor or the Senior Agent upon the insolvency, bankruptcy or reorganization of any Obligor or Senior Obligor or otherwise, all as though such payment had not been made.

  • It and each Senior Obligor is a corporation, duly incorporated and validly existing under the law of its jurisdiction of incorporation.

  • An Obligor or Senior Obligor submits an application for a moratorium or extra-judicial creditors’ arrangement, an application for insolvency or similar procedure or an insolvency or similar procedure has been commenced with respect thereto, or it is subject to judicial administration or any other similar action is carried out, whether judicial or private, which gives rise to similar effects or any other situation arises which evidences the actual or imminent insolvency of an Obligor or Senior Obligor.


More Definitions of Senior Obligor

Senior Obligor means each Obligor other than the Parent and HoldCo. Series A Shares means the 7.00% Series A Cumulative Perpetual Convertible Preferred Stock of the Parent. Series B Shares means the 6.75% Series B Cumulative Perpetual Convertible Preferred Stock of the Parent. Shareholders' Equity means, in relation to any Calculation Period, the stockholders' equity in the NEXT Group, as presented in the consolidated financial statements of the Parent most recently delivered pursuant to Clause 21.1 (Financial statements). Signing Date means the date of this Agreement.
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Senior Obligor means the Borrower and any endorsers, guarantors, -------------- sureties or obligors, primary or secondary, of any or all of the Credit Obligations.
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Senior Obligor means “Obligor” as defined in the Senior Facilities Agreement. “Senior Parent” has the meaning to the term “Parent” in the Senior Facilities Agreement.
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Senior Obligor means an Obligor under, and as defined in, the Senior Facility;
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Senior Obligor means BRX, any Obligor or any other Subsidiary of an Obligor that is or becomes a party to a Senior Debt Document.
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Related to Senior Obligor

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Junior Obligation means the Shares, and any other class of the Issuer’s share capital and any instrument or other obligation (including without limitation any preference share) issued or guaranteed by the Issuer that ranks or is expressed to rank junior to the Capital Securities by operation of law or contract.

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;

  • Junior Obligations means (i) all classes of share capital and participation securities (if any) of the Issuer and (ii) all other obligations of the Issuer that rank, or are expressed to rank, junior to claims in respect of the Notes and/or any Parity Obligation.

  • Senior Creditors means creditors of the Issuer: (a) who are unsubordinated creditors of the Issuer; (b) whose claims are, or are expressed to be, subordinated to the claims of unsubordinated creditors of the Issuer but not further or otherwise; or (c) whose claims are, or are expressed to be, junior to the claims of other creditors of the Issuer, whether subordinated or unsubordinated, other than those whose claims rank, or are expressed to rank, pari passu with, or junior to, the claims of the Holders in a winding-up in respect of the Securities (and, for the avoidance of doubt, Senior Creditors shall include holders of Tier 2 Capital instruments);