Senior Purchasers definition
Examples of Senior Purchasers in a sentence
The Senior Purchasers shall have received evidence satisfactory to them that the Ratings Requirement has been satisfied.
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.
Tenant’s use of the Café shall be on a first-come, first-served basis.
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.
Any costs of the Owner and the Lessee associated with such reissuance and exchange shall be for account of the original Senior Purchasers.
Subject to Section 2.9(h)(ii), a Lender's Commitment or a Senior Purchaser's Additional Senior Amount will be deemed to be increased to the amount set forth in any Deleveraging Notice as of the date of effective delivery of such notice and the Collateral Agent and the Administrative Agent shall update their records accordingly.
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 Owner agrees, at the cost and expense of the Lessee (provided that any such costs and expenses in excess of $150,000 shall be borne by the Senior Purchasers), to provide to any Rating Agency whose rating is being sought by such Purchaser on the Notes, such information as such Rating Agency (acting through such Purchaser) may reasonably request, and otherwise cooperate with such Purchaser to procure such a rating.
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”).