Senior Subordinated Documents definition
Examples of Senior Subordinated Documents in a sentence
Any default or event of default shall occur under any of the Senior Subordinated Documents and such default shall continue beyond any applicable grace period.
The other terms and conditions of and documentation for the Senior Credit Documents, Senior Subordinated Documents and the Junior Subordinated Documents (excluding all Subordination Agreements) shall be reasonably satisfactory to Required Purchasers.
The Required Purchasers shall have reviewed and approved the terms of the Bridge Loan Documents, Senior Credit Documents and the Senior Subordinated Documents as set forth in the junior capital commitment letter and senior debt commitment letter, each as previously delivered to the Purchasers; provided, however, the Required Purchasers reserve their right to approve financial covenant cushions, negative covenant basket cushions and cross-acceleration terms set forth therein in its reasonable discretion.
The Company and SunTrust shall have executed and delivered the Senior Subordinated Documents and the Company shall have received $4,300,000 in cash from SunTrust for the purchase of the subordinated notes issued thereunder and the related warrants.
To the extent the obligations and commitments thereunder have been terminated and the Senior Subordinated Documents are no longer in existence, all Board Observer rights shall be exercised pursuant to this Section 7.12.