Note Obligations definition
Examples of Note Obligations in a sentence
Any such release or subordination shall not in any manner discharge, affect, or impair the Note Obligations or any Liens (other than those being released) upon (or obligations (other than those being released) of the Note Parties in respect of) all interests retained by the Note Parties, including the proceeds of any Disposition, all of which shall continue to constitute part of the Collateral except to the extent otherwise released in accordance with the provisions of the Note Documents.
Subject to the guarantee limitations set out in the Note Documents and customary limitations in the relevant jurisdiction, each guarantee will be an upstream, cross-stream and downstream guarantee for the Note Obligations in accordance with, and subject to, the requirements of these Agreed Security Principles in each relevant jurisdiction (references to “security” to be read for this purpose as including guarantees).
Nothing contained herein shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Note Obligations or the rights of any Holder or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.
An Event of Default under this Indenture or the Notes shall constitute an event of default under the Subsidiary Guarantees, and shall entitle the Holders to accelerate the Guaranteed Obligations in the same manner and to the same extent as the Note Obligations.
Security documents will secure the Note Obligations in accordance with, and subject to, the requirements of these Agreed Security Principles in each relevant jurisdiction.