Specified Senior Debt definition
Examples of Specified Senior Debt in a sentence
Not more than one Payment Blockage Period may be commenced during any period of 360 consecutive days by or on behalf of Specified Senior Debt other than Bank Senior Indebtedness.
The Obligations constitute "Specified Senior Debt" under and as defined in each Indenture.
No event of default which existed or was continuing on the date of the commencement of any Payment Blockage Period shall be, or be made, the basis for the commencement of a second Payment Blockage Period by the Bank Agent or the trustee, representative or holders of such Specified Senior Debt, whether or not within a period of 360 consecutive days, unless such event of default shall have been cured or waived for a period of not less than 90 consecutive days.
The Collateral Agent and the holders of the Specified Senior Debt are intended to be third party beneficiaries of this Article and Article Five of this Indenture.
Each Holder of a Security by its acceptance thereof further understands that this Indenture constitutes a continuing offer to all persons who become holders of, or continue to hold Specified Senior Debt (whether such Senior Indebtedness was created or acquired before or after the date of this Indenture).