Consent to Junior Credit Participation Agreement Sample Clauses

Consent to Junior Credit Participation Agreement. Each of the Company and its Subsidiaries acknowledges that (i) on or before the Initial Closing Date the Lenders shall sell a junior credit participation in the Term Loan to New Lender in an aggregate amount of $5,000,000; (ii) Company's and its Subsidiaries' consent to the sale of a junior credit participation is not required under the Credit Agreement; and (iii) the Lenders' sale of the junior credit participation in the Term Loan shall not affect their obligations for repayment of the entire unpaid balance of the Credit Obligations (including, but not limited to, any portion thereof in respect to which the junior credit participation has been issued) in accordance with the terms of this Agreement or any Credit Document and that the respective priorities, rights, obligations and privileges of the Lenders and New Lender vis-a-vis each other shall be governed by the Junior Credit Participation Agreement.
Sample 1
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Related to Consent to Junior Credit Participation Agreement

  • Loan Document Pursuant to Credit Agreement This Amendment is a Loan Document executed pursuant to the Credit Agreement and shall be construed, administered and applied in accordance with all of the terms and provisions of the Credit Agreement.

  • Amendment to Credit Agreement (a) As of the Effective Date (as defined herein), Section 1.1 of the Credit Agreement is hereby amended by adding the following definitions in their appropriate alphabetical order:

  • Loan Document Pursuant to Existing Credit Agreement This Amendment is a Loan Document executed pursuant to the Existing Credit Agreement and shall (unless otherwise expressly indicated therein) be construed, administered and applied in accordance with all of the terms and provisions of the Existing Credit Agreement, as amended hereby, including Article IX thereof.

  • Amendment of the Credit Agreement Effective as of the Amendment Effective Date, the Credit Agreement is hereby amended as follows: (a) The following definitions are added in the appropriate alphabetical order to Section 1.01 of the Credit Agreement:

  • Amendment as Loan Document This Amendment shall constitute a Loan Document.

  • Compliance with Credit Agreement Such Grantor agrees to comply with all covenants and other provisions applicable to it under the Credit Agreement, including Sections 2.17 (Taxes), 11.3 (Costs and Expenses) and 11.4 (Indemnities) of the Credit Agreement and agrees to the same submission to jurisdiction as that agreed to by the Borrower in the Credit Agreement.

  • Amendment to Loan Agreement Subject to satisfaction of the conditions precedent set forth in Section 4 below, the Loan Agreement is hereby amended as follows:

  • Amendment to the Credit Agreement Effective as of the date of satisfaction of the conditions precedent set forth in Section 2 below (the “Amendment No. 1 Effective Date”), the parties hereto agree that the Credit Agreement is hereby amended as follows:

  • Amendment to Security Agreement 2.1 Section 2.1(xviii) of the Security Agreement is hereby amended in its entirety as follows:

  • Amendments to Credit Agreement (a) Section 1.01 of the Credit Agreement is hereby amended by adding the following definitions in the appropriate alphabetical order:

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