Examples of Subordinated Notes Documents in a sentence
The security interests and liens granted to secure the Reorganized Debtors’ obligations under the New ABL Credit Facility Documents and the Senior Subordinated Notes Documents shall not attach to any real property lease to the extent that the grant of a security interest in such real property lease would violate any enforceable anti-assignment provisions of such lease or violate applicable state law.
As of the Effective Date, upon the granting of Liens in accordance with the Senior Subordinated Notes Documents, such Liens shall constitute valid, binding, enforceable, and automatically perfected Liens in the collateral specified in the Senior Subordinated Notes Documents subject to the terms of that certain intercreditor agreement to be entered into by and between the Senior Subordinated Noteholders and the New ABL Credit Facility Agent and the lenders thereunder (the “Intercreditor Agreement”).
To the extent provided in the SeniorSubordinated Notes Documents and the Intercreditor Agreement, the holder(s) of Liens under the Senior Subordinated Notes Documents are authorized to file, with the appropriate authorities, financing statements and other documents, to take possession of or control, or to take any other action in order to evidence, validate and perfect such Liens or security interests.
An Officer's Certificate of Borrower, dated the Amendment and Restatement Date, (i) to the effect set forth in clauses (a) and (b) of Section 7.03(i), (ii) to the effect that all conditions precedent to the making of such extension of credit have been satisfied and (iii) to the effect that execution and delivery of this Agreement, and borrowings under this Agreement, do not cause a default or breach under the Senior Subordinated Notes Documents and showing reasonably detailed calculations thereof.
A physical inventory should be taken of capital assets at least every five years.