As to Pledged Notes. In the case of each Pledged Note, all of such Pledged Notes have been duly authorized, executed, endorsed, issued and delivered, and are the legal, valid and binding obligation of the issuers thereof, and are not in default.
As to Pledged Notes. Each Pledgor will not, without the prior written consent of the Administrative Agent:
As to Pledged Notes. Each Pledged Note, if any, has been duly authorized, executed, endorsed, issued and delivered, and is the legal, valid and binding obligation of the issuer thereof, and such issuer is not in default thereunder.
As to Pledged Notes. Each Pledgor will not, without the prior written consent of the Administrative Agent:
(a) enter into any agreement amending, supplementing, or waiving any provision of any Pledged Note (including any underlying instrument pursuant to which such Pledged Note is issued) or compromising or releasing or extending the time for payment of any obligation of the maker thereof; or
(b) take or omit to take any action the taking or the omission of which could result in any impairment or alteration of any obligation of the maker of any Pledged Note or other instrument constituting Collateral.
As to Pledged Notes. Item A of Schedule I hereto correctly sets forth, as of the date of the initial Credit Extension, a true and complete list of all intercompany Indebtedness owing to any Loan Party.
As to Pledged Notes. If so required pursuant to the terms of the Credit Agreement, any applicable intercompany Indebtedness owing to a Grantor (i) shall be evidenced by a promissory note in form and substance reasonably satisfactory to the Administrative Agent (the foregoing to include, if the borrower of such intercompany Indebtedness is a Borrower, the requirement that such intercompany Indebtedness is subordinated to the repayment of the Secured Obligations on terms and conditions reasonably satisfactory to the Administrative Agent) and (ii) such promissory note shall be pledged and delivered to the Administrative Agent pursuant to the terms of this Agreement.
As to Pledged Notes. In the case of each Pledged Note, to the best knowledge of the Borrower, all of such Pledged Notes have been duly authorized, executed, endorsed, issued and delivered, and are the legal, valid and binding obligation of the issuers thereof enforceable against such issuers in accordance with their respective terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors' rights and to general principles of equity. None of the Pledged Notes is in default.
As to Pledged Notes. In the case of each Pledged Note issued by the Borrower or any Subsidiary, all of such Pledged Notes have been duly
As to Pledged Notes. To the best of Pledgor's knowledge, in the case of each Pledged Note, all of such Pledged Notes have been duly authorized, executed, endorsed, issued and delivered (except to the extent any such Pledged Notes are expressly excluded from the delivery requirements hereunder pursuant to Section 5.10(a) of the Credit Agreement), and are the legal, valid and binding obligation of the issuers thereof enforceable against such issuers in accordance with their respective terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors' rights and to general principles of equity. None of the Pledged Notes are in default with respect to the obligor's payment obligation.
As to Pledged Notes. In case, upon the dissolution, liquidation (in whole or in part), bankruptcy or reorganization of the maker of any of the Pledged Notes or the merger or consolidation of any such maker with and into another Person, any sum or other property shall be paid or distributed with respect to any of the Pledged Notes, and such sum or property shall be paid or distributed on account of the principal of any of the Pledged Notes, such sum and property shall be paid over or delivered to the Agent to be held by the Agent as additional Collateral hereunder unless any such sum or property shall constitute cash in which case, so long as there shall exist no Default or Event of Default and the Grantor shall have Required Inventory, such cash shall be paid to the Agent to be applied to the payment of the Secured Obligations as provided in Section 2.12(g)
