Examples of Secured Documents in a sentence
The Company may not transfer any of its rights, benefits or obligations in respect of Liabilities under the Secured Documents.
If the Common Security Agent or any other Secured Creditor receives a distribution in a form other than in cash in respect of any of the Liabilities owed by the Company under the Secured Documents, the Liabilities owed by the Company under the Secured Documents will not be reduced by that distribution until and except to the extent that the realisation proceeds are actually applied towards the Liabilities owed by the Company under the Secured Documents.
No Party may transfer any of its rights, benefits or obligations in respect of any Secured Documents or the Liabilities under the Secured Documents except as permitted by this Clause 15.
The Obligations of each Guarantor under or in respect of this Guaranty are independent of the Guaranteed Obligations or any other Obligations of any other Loan Party under or in respect of the Secured Documents, and a separate action or actions may be brought and prosecuted against each Guarantor to enforce this Guaranty, irrespective of whether any action is brought against the Borrower or any other Loan Party or whether the Borrower or any other Loan Party is joined in any such action or actions.
Without limiting the generality of the foregoing, each Guarantor’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any other Loan Party to any Secured Party under or in respect of the Secured Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such other Loan Party.