Senior Security Document definition

Senior Security Document means the Security Document as defined in the Senior Credit Agreement.

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Senior Security Document means, collectively, the Financing Agreement and all other documents, instruments and agreements now or hereafter executed with or in favor of the "Agent" under the Financing Agreement as security for the "Obligations" (as such quoted terms are defined in the Financing Agreement), as the same now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced.

Senior Security Document any document referred to in Part 2 of Schedule 4 and any document under which Security is taken pursuant thereto and any other document under which Security is created, whether at the date of this deed or at any later date, which secures any of the Senior Debt.

Examples of Senior Security Document in a sentence

• The execution of any other Senior Security Document shall not modify or supersede the security interest or any rights or obligations contained in this Agreement and shall not in any way affect, impair or invalidate the effectiveness and validity of this Agreement or any term or condition hereof.

• An event of default by the Judicial Council pursuant to any Senior Security Document that results in Licensee losing such access or other rights under this SLA as are reasonably necessary for Licensee to operate and maintain the System and continue to perform their obligations, and exercise their rights, under the SPPA or this SLA.

• The Pledgor hereby waives its right to plead or claim in any court that the execution of any other Senior Security Document is a cause for extinguishing, invalidating, impairing or modifying the effectiveness and validity of this Agreement or any term or condition contained herein.

• The Pledgor hereby waives its rights to plead or claim in any court that the execution of any other Senior Security Document is a cause for extinguishing, invalidating, impairing or modifying the effectiveness and validity of this Agreement or any term or condition contained herein.

• The Grantor hereby waives its right to plead or claim in any court that the execution of any other Senior Security Document is a cause for extinguishing, invalidating, impairing or modifying the effectiveness and validity of this Agreement or any term or condition contained herein.

• Unless expressly provided to the contrary herein or in any Finance Document and except as otherwise required by Applicable Law, the Security Trustee holds any security created by a Senior Security Document on trust for the Finance Parties (other than any Swap Bank), or, as the case may be, the relevant Finance Parties specified in the relevant Senior Security Document.

• If instructed by the Facility Agent due to legal requirements, the Security Trustee shall instruct each other Finance Party which is a party to a Senior Security Document to do likewise, whereupon each such Finance Party will so enforce the Senior Security Documents to which it is a party in accordance with the instructions of the Security Trustee.

• All rights and obligations of the parties hereto shall be absolute and unconditional irrespective of any lack of validity or enforceability of the Credit Agreement or any Senior Security Document, any agreement with respect to any of the Senior Secured Obligations or any other agreement or instrument relating to any of the foregoing.

• No Senior Finance Party shall be responsible to the High Yield Notes Trustee or the High Yield Notes Funding Lenders, for any instructions given or not given to the Security Agent in relation to the Senior Security Document, provided in each case it acts in good faith.

• Nothing -------------------------------------- contained in this Agreement shall affect any of the terms or provisions of, the rights or obligations of any Senior Secured Party contained in, or the obligations of the Securing Parties to comply with, the Solutia Credit Agreement, any Senior Security Document or any other document or agreement executed by a Securing Party in favor of the Senior Secured Parties in connection therewith.

More Definitions of Senior Security Document

Senior Security Document means any agreement or instrument entered or to be entered into by an Obligor under which security is expressed to be created in favour of the Finance Parties in respect of the obligations of one or more Obligors under the Finance Documents.