Examples of Term Debt Security Documents in a sentence
Each Secured Party acknowledges and agrees that (i) the grants of Liens pursuant to the ABL Security Documents and the Term Debt Security Documents constitute two separate and distinct grants of Liens and (ii) because of, among other things, their differing rights in the Collateral, the Term Debt Obligations are fundamentally different from the ABL Obligations and should be separately classified in any plan of reorganization proposed or adopted in an Insolvency Proceeding.
This therefore shows that there is still a lot of work that has to be done not only in South Africa but also in other countries around the world to support patients on ART to adhere to the medication.
The Revolving Facility Collateral Agent acknowledges with respect to the Revolving Facility Credit Agreement and the Revolving Facility Security Documents, and the Term Debt Collateral Agent acknowledge with respect to the Term Debt Documents and the Term Debt Security Documents, that the Revolving Facility Credit Agreement, the Term Debt Documents and each Term Debt Security Document will contain an appropriate legend substantially similar to the one set forth on Annex I.
Notwithstanding any other provision contained herein, this Agreement, the Liens created hereby and the rights, remedies, duties and obligations provided for herein are subject in all respects to the provisions of the Intercreditor Agreement and, to the extent provided therein, the applicable Term Debt Security Documents.
Additionally, in the event the Pari Term Debt Obligations of any Series are modified pursuant to applicable law (including, without limitation, pursuant to Section 1129 of the Bankruptcy Code), any reference to such Pari Term Debt Obligations, the Pari Term Debt Security Documents governing such Pari Term Debt Obligations, shall refer to such obligations or such documents as so modified.
If the new ABL Obligations under the new ABL Documents are secured by assets of the Grantors of the type constituting ABL Priority Collateral that do not also secure the Pari Term Debt Obligations, then the Pari Term Debt Obligations shall be secured at such time by a Second Priority Lien on such assets to the same extent provided in the Pari Term Debt Security Documents with respect to the other ABL Priority Collateral.
If the new ABL Obligations under the new ABL Documents are secured by assets of the Grantors of the type constituting Pari Term Debt Priority Collateral that do not also secure the Pari Term Debt Obligations, then the Pari Term Debt Obligations shall be secured at such time by a First Priority Lien on such assets to the same extent provided in the Pari Term Debt Security Documents with respect to the other Pari Term Debt Priority Collateral.
The Security Interest is and shall be prior to any other Lien on any of the Article 9 Collateral, other than any nonconsensual Permitted Lien that has priority as a matter of law and other than, with respect to Term Debt First Lien Collateral, Liens created by the Term Debt Security Documents, subject to the terms of the Intercreditor Agreement.
Notwithstanding any other provision contained herein, this Agreement, the Liens created hereby and the rights, remedies, duties and obligations provided for herein are subject in all respects to the provisions of the Intercreditor Agreement and, to the extent provided therein, the applicable Term Debt Security Documents (as defined therein).