Examples of Senior Purchasers in a sentence
If the Owner shall not have notified the Senior Purchasers of such election, the Senior Applicable Margin shall be the Floating Benchmark Index Rate and the Floating Senior Swap Rate shall be applicable.
The Senior Purchasers shall have no obligation to pay to the Owner any swap breakage “gain” associated with any such break unless (A) the Senior Purchasers do not purchase the Notes for any reason solely within such Senior Purchasers’ control or (B) there is a material adverse change in the financial position of the Lessee since its last audited financial statements that materially impairs its ability to perform its obligations under the Operative Documents.
For clarification, upon the First Amendment Effective Date, all amounts due and owing the Senior Purchasers under the Senior Loan have been paid in full.
For the avoidance of doubt, no other amounts shall be payable to the Senior Purchasers as a result of the occurrence of the events described in paragraph (vi) above.
Material balance 16Commuting may be embedded through a specific intracity structure such as a monocentric city model [Alo64].
The Senior Class Notes are to be issued to the Senior Purchasers in an aggregate principal amount of $102,600,000, not to exceed $34,200,000 per Designated Aircraft (the “Senior Notes”).
Highly divergent stringency and health and containment indexes raises questions about how Canada’s distinct, decentralized form of federalism could have fostered greater cross-jurisdictional policy coordination.
The Senior Swap Rate shall be set either (1) in the event the Owner elects the Fixed Senior Swap Rate, three Business Days after the Owner provides notice of such election to the Senior Purchasers and (2) in the event the Owner elects the Floating Senior Swap Rate, two Business Days prior to the Issuance Date for the Senior Notes relating to the applicable Designated Aircraft.
The Security Interest granted pursuant to this Agreement and Purchaser’s rights and remedies under this Agreement are subordinate to the rights and remedies of and the security interest granted to the Senior Purchasers under the Senior Security Agreement (each, a “Senior Lender”).
In connection therewith, (A) the original Senior Purchasers shall exchange their Senior Notes of the relevant Series for new Senior Notes of the relevant Series as so adjusted, and the Owner shall execute and deliver the replacement Senior Notes of the relevant Series therefor and (B) an NPA Supplement shall be executed and delivered by the parties hereto reflecting all such changes and adjustments, including the subordination of one Tranche over another in a default situation.