Third Lien Note Documents definition
Examples of Third Lien Note Documents in a sentence
The Shipowner will pay when due all Secured Obligations from time to time payable by the Shipowner under the Third Lien Indenture, its Guaranty, and the other Third Lien Note Documents and will observe, perform and comply with the covenants, terms and conditions herein and, as applicable, in the Third Lien Indenture, its Guaranty and any other Third Lien Note Documents, on its part to be observed, performed or complied with.
For the avoidance of doubt, if conditions (A), (B) and (C) above are not met, the Indebtedness under the Third Lien Note Documents may not be Refinanced without the consent of the First Lien Required Holders and the Second Lien Required Holders.
In the event of any assignment of this Mortgage by the Mortgagee in accordance with the applicable provisions of the Third Lien Indenture, any other Third Lien Note Documents and the Third Lien Intercreditor Agreement, as applicable, the term “Mortgagee” as used in this Mortgage shall be deemed to mean any such successor or permitted assignee.
In addition to principal, this Mortgage also secures the other Secured Obligations, including interest, costs and expenses of collection and other sums which are deemed to be secured by the relevant laws of the Republic of Panama, as provided in this Mortgage, the Third Lien Indenture and any other Third Lien Note Documents.
Section 2.1 The Shipowner acknowledges it is justly indebted in accordance with the terms of the Third Lien Indenture, its Guaranty, and any other Third Lien Note Documents.