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.
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.
The liabilities raised in the form of Super Senior Debt shall rank in right and priority of payment pari passu and without any preference between them, unless otherwise agreed between the Super Senior RCF Creditor and the Hedge Counterparties.
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.
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.
Notwithstanding the foregoing, following an Insolvency Event in respect of an Obligor or a Group Company, the Super Senior RCF Creditor may take the same Enforcement Action as the Bondholder Agent and/or the Bondholders in respect of that Obligor or Group Company in order to prove its debt in such insolvency.
The Security Agent shall have a right to consult with and rely on the instruction of the Super Senior RCF Creditor and a local reputable legal counsel in a relevant jurisdiction (subject to prior approval by the Issuer (not to be unreasonably withheld) of the fees of such legal counsel) in order to verify and confirm compliance with the Agreed Security Principles in relation to any Transaction Security and/or Guarantee.
The Security Agent shall have a right to consult with and rely on the instruction of the Super Senior RCF Creditor and a local reputable legal counsel in a relevant jurisdiction in order to verify and confirm compliance with the Agreed Security Principles in relation to any Transaction Security and/or Guarantee.
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.
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”).