Examples of Senior Secured Notes Issuer in a sentence
The Senior Secured Notes Issuer shall promptly and as principal Debtor indemnify each Primary Creditor against any cost, loss or liability (together with any applicable VAT), whether or not reasonably foreseeable, incurred by any of them in relation to or arising out of the operation of Clause 14.2 (Distressed Disposals).
The Senior Secured Notes Issuer will then deliver the Senior Secured Notes to AAC in consideration for the Ambac Note and AAC will distribute the Senior Secured Notes as part of the consideration in the Exchange Offers and the Plan.
On the Optional Payment Date, the Senior Secured Notes Issuer will apply the proceeds of such optional redemption in repayment of the Senior Secured Notes (including any accrued unpaid interest thereon) without penalty or premium.
The Senior Secured Notes Issuer will establish an account that will be pledged to the Note Collateral Agent for the benefit of holders of Senior Secured Notes into which the Senior Secured Notes Issuer will deposit any proceeds from the Ambac Note that it receives.
The Senior Secured Notes Issuer shall pay and, within three Business Days of demand, indemnify the Security Agent against any cost, loss or liability the Security Agent incurs in relation to all stamp duty, registration and other similar Tax payable in respect of any Debt Document.
The Senior Secured Notes Issuer is not expected to be required to register as an investment company under the Investment Company Act of 1940, as amended.
In this event, the Security Agent shall resign in accordance with paragraph (b) above (or in accordance with such shorter notice as determined by the Instructing Group) but the cost referred to in paragraph (d) above shall be for the account of the Senior Secured Notes Issuer.
Each Debtor and the Senior Secured Notes Issuer irrevocably authorises the Senior Secured Notes Trustee to disclose to any other Primary Creditor any information that is received by the Senior Secured Notes Trustee in its capacity as the Senior Secured Notes Trustee.
AAC will issue a note to the Senior Secured Notes Issuer in an initial principal amount equal to the initial principal amount of the AAC Secured Notes (the “Ambac Note”).
The Senior Secured Notes will be secured by all assets of the Senior Secured Notes Issuer, including the Ambac Note (described below) and a collateral account into which proceeds received from the Ambac Note (as defined below) shall be deposited.