Examples of Series A Obligations in a sentence
Parent Pledge by CIT CIT may grant a Lien on substantially all of its personal property (excluding its interest in CIT Bank, certain equity interests in its foreign Subsidiaries and certain other Regulated Subsidiaries) to secure the Old Notes, the Series A Obligations, the Series B Obligations, the Senior Obligations and the Junior Credit Facilities (the “Parent Pledge”).
If the Parent Pledge is granted, the holders of the Old Notes will by such pledge be equally and ratably secured with the holders of the Series A Obligations, the Series B Obligations and the Senior Obligations to the extent of the assets subject to such pledges.
The provisions of Article IX (Subordination) shall survive termination or expiration of this Agreement and shall remain in full force and effect until such time as the Series A Obligations have been paid and satisfied in full.
Upon payment in full of the Series A Obligations, the Executive shall be subrogated (together with certain other employees of Pride) to Varde's rights with respect to the Series A Obligations to the extent of the collateral applied hereunder to the payment thereof.
The provisions of Article IX hereof may not be amended unless consented to by a majority of the holders of the Series A Obligations.