Examples of Specified Senior Debt in a sentence
No event of default which existed or was continuing on the date of the commencement of any Payment Blockage Period shall be, or be made, the basis for the commencement of a second Payment Blockage Period by the Bank Agent or the trustee, representative or holders of such Specified Senior Debt, whether or not within a period of 360 consecutive days, unless such event of default shall have been cured or waived for a period of not less than 90 consecutive days.
Not more than one Payment Blockage Period may be commenced during any period of 360 consecutive days by or on behalf of Specified Senior Debt other than Bank Senior Indebtedness.
The Obligations constitute "Specified Senior Debt" under and as defined in each Indenture.
In the event that any Senior Payment Default (as defined below) shall have occurred and be continuing, then no Notes Payment shall be made unless and until such Senior Payment Default shall have been cured or waived or shall have ceased to exist or all amounts then due and payable in respect of the Specified Senior Debt or other obligations that are the subject of such Senior Payment Default shall have been paid in full.
Until so delivered any such payment or collateral shall be held by such Holder in trust for the holders of the Specified Senior Debt and shall not be commingled with other funds or property of such Holder.