Senior Secured Lenders definition
Examples of Senior Secured Lenders in a sentence
This Agreement represents the entire agreement of the Senior Secured Lenders and the Trustee with respect to the subject matter hereof and there are no promises or representations by any of them relative to the subject matter hereof not reflected herein.
The Buyer’s Lien shall be automatically discharged and released, and Buyer shall promptly take any steps reasonably required by Seller or the Senior Secured Lenders to effect and record such discharge and release, upon the expiration of the Contract Term and satisfaction by Seller of all obligations hereunder.
The structure of Payor and Payee, including for tax purposes, shall be acceptable to the DIP Lenders and Senior Secured Lenders in all respects.
Notwithstanding the foregoing, amounts secured by the Project Financing Lien(s) may be for amounts up to eighty percent (80%) of the total cost of the Project (as reasonably documented to Buyer) if the entire eighty percent (80%) is granted to the Senior Secured Lenders and eighty percent (80%) of the total cost of the Project is being financed by such Senior Secured Lenders.
WCI and MLCC, with respect to their commitments to the Interim Loan as set forth in the preceding sentence, together with any successor(s) or assignee(s) thereto as approved by you (such approval not to be unreasonably withheld, delayed or conditioned, subject to Section 5.5 of the Merger Agreement), are collectively referred to herein as the “Initial Interim Lenders”; and the Initial Senior Secured Lenders and the Initial Interim Lenders are collectively referred to herein as the “Initial Lenders”.