Examples of Super Senior RCF Creditor in a sentence
Payment Block: Following a Triggering Event and for as long as it is continuing or up until a written notice from the Super Senior RCF Creditor to the contrary, no payments may be made to or for the account of the Senior Creditors.
To the extent the Issuer repurchases, amortises or otherwise repays the Bonds whereby the aggregate amount of the Senior Debt outstanding (excluding any New Debt) falls a threshold of the aggregate initial amount of Senior Debt as specified by the Super Senior RCF Creditor, the debt outstanding under the Super Senior RCF shall be repaid and cancelled pro rata with such repurchase, amortisation or other repayment.
The Issuer shall (after prior approval from the Super Senior RCF Creditor) from time to time be entitled to replace the Super Senior RCF in full or in part with another Super Senior RCF.Cancellation of Super Senior RCF:To the extent the Issuer repurchases, amortises or otherwise repays the Bonds whereby the aggregate Nominal Amount of Bonds outstanding falls below seventy(70) per cent.
Replacement of Super Senior RCF: Cancellation of Super Senior RCF: Limitation on Secured Obligations and subordination: Appointment of security agent:The Issuer shall (after prior approval from the Super Senior RCF Creditor) from time to time be entitled to replace the Super Senior RCF in full or in part with another Super Senior RCF.
If the Issuer repurchases, amortises, cancels, prepays or otherwise repays the Bonds such that the aggregate nominal amount of the Bonds falls below EUR 24,000,000, the Super Senior RCF shall, if requested by the Super Senior RCF Creditor, be cancelled and the relevant ICA Group Companies shall prepay the Super Senior RCF, in each case in an amount pro rata to the amount by which the outstanding nominal amount of the Bonds falls below EUR 40,000,000.
It is also acknowledged and agreed that no Super Senior RCF Agent shall have any responsibility for the actions of any individual Super Senior RCF Creditor (save in respect of its own actions).
In connection with the issuance of the Bonds, the Issuer, the Original Shareholder Creditor, the Original Super Senior RCF Creditor, the Original Hedge Counterparty, the Original Super Senior Agent, the Original Bonds Agent, the Original Security Agent and the Original ICA Group Companies entered into an Intercreditor Agreement, dated 26 November 2019 (the “Intercreditor Agreement”), to regulate the priority of interests between the different stakeholders in the Issuer and its Subsidiaries (the “Group”).
Upon entry into a Super Senior RCF or the refinancing of the Super Senior RCF which is permitted by the Senior Finance Documents or an accession of an affiliate of a lender as an ancillary lender under the Super Senior RCF, each new Super Senior RCF Creditor shall accede to this Agreement as a Super Senior RCF Creditor in accordance with paragraph (b) below.
To the extent the Issuer repurchases, amortises or otherwise repays the Bonds whereby the aggregate amount of the Senior Debt outstanding falls a threshold of the aggregate initial amount of Senior Debt as specified by the Super Senior RCF Creditor, the debt outstanding under the Super Senior RCF shall be repaid and cancelled pro rata with such repurchase, amortisation or other repayment.