Senior Secured Facility definition
Examples of Senior Secured Facility in a sentence
The PSL Agent shall give prompt notice of any material change in its administrative and operating procedures referred to in the previous sentence to (i) the Authority, (ii) the Stadium Funding Trust, and (iii) the collateral agent under the Senior Secured Facility.
The PSL Agent shall develop standardized forms of contracts for the sale of PSLs (such contracts, the “PSL Sales Agreements”), which forms of contract shall be subject to the approval of (i) the Authority, (ii) [the Stadium Funding Trust, StadCo, and TeamCo], and (iii) the collateral trusteeagent under the Senior Secured Facility.
Payment of Commissions earned hereunder shall be as specified in or with reference to the terms and conditions of the Senior Secured Facility Loan Documents and may be based on the attainment of certain performance benchmarks by the PSL Agent and/or its Subagent(s).
Copies of such reports shall also be made available, upon request, to Stadium Funding Trust and the lenders and collateral agent under the Senior Secured Facility.
No amendment or modification of this Agreement shall be valid unless (i) in writing and duly executed by the PartiesAuthority and the PSL Agent and (ii) the prior written consent by the Stadium Funding Trust and the collateral agent under the Senior Secured Facility has been obtained.