Common use of Lender Rate Contracts Clause in Contracts

Lender Rate Contracts. So long as the terms thereof are in compliance with the Credit Agreement, each Lender Rate Contract shall be guaranteed by this Guarantee Agreement to the extent, and, notwithstanding any other provision, if any, in this Guarantee Agreement, only to the extent provided in the Credit Agreement, including Section 7.07 of the Credit Agreement. Such guarantee shall be on a silent basis, so that, notwithstanding any other provision, if any, in this Guarantee Agreement, the Credit Agreement or any other Credit Document, no holders of Lender Rate Contracts shall be able to take any action in respect of this Guarantee Agreement nor instruct the Administrative Agent or the Required Lenders to take any action in respect of this Guarantee Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!