Obligations with Respect to Loan Parties. The obligations of PREIT, PREIT-XXXXX or the Parent to direct or prohibit the taking of certain actions by the other Loan Parties as specified herein shall be absolute and not subject to any defense PREIT, PREIT-XXXXX, the Parent or any other Loan Party may have that it does not control such Loan Parties.
Appears in 9 contracts
Samples: First Lien Credit Agreement (Pennsylvania Real Estate Investment Trust), Second Lien Credit Agreement (Pennsylvania Real Estate Investment Trust), First Lien Credit Agreement (Pennsylvania Real Estate Investment Trust)