Senior Interest

Senior Interest. Collectively, (i) the obligation of the Buyer and the Collection Agent to set aside, and to turn over, Collections and other proceeds of the Receivables and other collateral pledged to the Agent for the benefit of the Committed Purchasers pursuant to the Receivables Sale Agreement and (ii) all other obligations of the Buyer that are due and payable to any Senior Interest Holder under the Receivables Sale Agreement, together with all interest accruing on any such amounts after the commencement... of any Bankruptcy Proceedings (as defined herein), notwithstanding any provision or rule of law that might restrict the rights of any Senior Interest Holder, as against the Buyer of anyone else, to collect such interest. View More