Collateral Matters; Hedging Agreements; Treasury Management Agreements. The benefit of the Security Instruments and of the provisions of this Agreement relating to any Collateral securing the Secured Obligations shall also extend to and be available to Secured Hedging Agreement Counterparties and Treasury Management Counterparties on a pro rata basis in respect of any obligations of the Borrower or any of its Subsidiaries which arise under any such Secured Hedging Agreement or Treasury Management Agreements. Except as set forth in Section 12.02(b)(v), no Lender or Affiliate of a Lender shall have any voting rights under any Loan Document as a result of the existence of obligations owed to it under any such Secured Hedging Agreements or Treasury Management Agreements.
Appears in 2 contracts
Samples: Credit Agreement (Key Energy Services Inc), Credit Agreement (Westway Group, Inc.)
Collateral Matters; Hedging Agreements; Treasury Management Agreements. The benefit of Notwithstanding anything to the Security Instruments contrary contained herein, the terms and of the provisions of this Agreement relating shall not apply to any Collateral securing the Secured Obligations shall also extend to and be available to Secured Hedging Agreement Counterparties and Treasury Management Counterparties on a pro rata basis in respect of any obligations of the Borrower or any of its Subsidiaries which arise under any such Secured Hedging Agreement Agreements or Treasury Management Agreements. Except , except to the extent necessary for all Secured Hedging Agreements and Secured Treasury Management Agreements to be secured by the Security Instruments on a pari passu basis with other Indebtedness and for the proceeds from the Security Instruments to be applied as set forth in Section 12.02(b)(v), no 10.02(c) hereof. No Lender or Affiliate of a Lender shall have any voting rights under any Loan Document as a result of the existence of obligations owed to it under any such Secured Hedging Agreements or Secured Treasury Management Agreements.
Appears in 2 contracts
Samples: Credit Agreement (Eagle Rock Energy Partners L P), Credit Agreement (Eagle Rock Energy Partners L P)
Collateral Matters; Hedging Agreements; Treasury Management Agreements. The benefit of Notwithstanding anything to the Security Instruments contrary contained herein, the terms and of the provisions of this Agreement relating shall not apply to any Collateral securing Hedging Agreements, except to the Secured Obligations shall also extend to and be available to extent necessary for all Secured Hedging Agreement Counterparties Agreements and Treasury Management Counterparties Agreements to be secured by the Security Instruments on a pro rata pari passu basis in respect of any obligations of with other Indebtedness and for the Borrower or any of its Subsidiaries which arise under any such Secured Hedging Agreement or Treasury Management Agreements. Except proceeds from the Security Instruments to be applied as set forth in Section 12.02(b)(v), no 10.02(c) hereof. No Lender or Affiliate of a Lender shall have any voting rights under any Loan Document as a result of the existence of obligations owed to it under any such Secured Hedging Agreements or Treasury Management Agreements.
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