Other Secured Obligations. The Borrowers will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable, other than the Loans, in accordance with SECTIONS 4.1(A) or (D), as applicable, as if such Secured Obligation were a Prime Rate Loan.
Other Secured Obligations. Any Harvest Party fails to make payment when due of any Hedge Indebtedness or Cash Management Obligations and such payment default continues for 5 Banking Days after the expiry of all applicable cure periods.
Other Secured Obligations. Except as otherwise expressly set forth herein or in the Collateral Documents, no Hedge Bank or Cash Management Bank that obtains the benefits of Section 8.03, the guarantee under the Guarantee and Collateral Agreement or any Collateral by virtue of the provisions hereof or of any Collateral Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Secured Hedge Agreements or Cash Management Obligations unless the Administrative Agent has received written notice of such Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Hedge Bank or Cash Management Bank.
Other Secured Obligations. Borrower and Bank contemplate that Borrower and Bank will, from time to time, engage in various transactions and that from time to time other circumstances may arise, in which Borrower become obligated to Bank. Grantor understands that some of those transactions and circumstances may be of a type that is very different from the loan transaction evidenced in part by the Note and the circumstances connected therewith. Grantor desires and intend that Bank engage in all such transactions, and deal generally with Borrower with the assurance that any and all indebtedness and obligations now owed, and that may hereafter become owing, to Bank from Borrower, or any one or more of them, will be secured by the liens arising hereunder. Therefore, the conveyance made by this Security Agreement, in addition to being made to secure payment of the Note, is also made to secure and enforce the payment of all other indebtedness and obligations of Borrower, or any one or more of them, to Bank, whether presently existing, or in any manner or means hereafter incurred by Grantor, or any one or more of them, and evidenced in any manner whatsoever, either by notes, advances, overdrafts, bookkeeping entries, guaranty agreements, liens or security instruments, or any other method or means including any renewal and extension of the Note, or of any part of any present or future indebtedness, or other obligations, of Borrower, or any one or more of them, and including any further loans and advancements made by Bank to Borrower, or any one or more of them. The fact of repayment of all Note, Indebtedness and Liabilities, and performance of all other obligations, of Borrower, to Bank, shall not terminate the lien arising hereunder unless the same be released by Bank at the request of Borrower; but otherwise it shall remain in full force and effect to secure all future advances, indebtedness and other obligations, regardless of any additional security that may be taken as to any past or future indebtedness or other obligations.
Other Secured Obligations. (a) Each Lender and each Issuing Bank acknowledges that Term Loan Additional Secured Debt Obligations and Other Junior Secured Debt Obligations may be secured by Liens on the Collateral that, in the case of Term Loan/Notes Priority Collateral are senior to, and in the case of ABL Priority Collateral, are junior to, the Liens on the Collateral securing the Obligations and hereby consents thereto.
(b) In connection with the incurrence by the Borrower or any Subsidiary of Term Loan Additional Secured Debt, Alternative Incremental Facility Indebtedness and/or Other Junior Secured Debt, each Lender and each Issuing Bank (i) acknowledges that, at the request of the Borrower, each of the Administrative Agent and/or the Collateral Agent shall enter into one or more intercreditor agreements, (ii) authorizes and directs each Agent to execute and deliver any such intercreditor agreement and any documents relating thereto, in each case on behalf of such Lender or Issuing Bank and without any further consent, authorization or other action by such Lender or Issuing Bank, (iii) authorizes and directs each Agent to act as its representative under, and in connection with, any such intercreditor agreement, (iv) acknowledges that any such intercreditor agreement may contain provisions that permit or require the Liens securing the Term Loan Additional Secured Debt Obligations and the Other Junior Secured Debt Obligations to be granted in favor of a single collateral agent trustee, which may not be the Administrative Agent or the Collateral Agent (a “Shared Collateral Agent”), (v) acknowledges that any such intercreditor agreement may provide that the holders of a majority in aggregate principal amount of Term Loan Additional Secured Debt Obligations and Other Junior Secured Debt Obligations, voting as a single class, may direct the Shared Collateral Agent with respect to enforcement or the actions concerning the Collateral, and (vi) agrees that, upon the execution and delivery thereof, it will be bound by the provisions of any such intercreditor agreement as if it were a signatory thereto and will take no actions contrary to the provisions thereof. Each Lender and each Issuing Bank further authorizes and directs each Agent to enter into such amendments, supplements or other modifications to any such intercreditor agreement as are reasonably acceptable to the Administrative Agent in order to (A) enable any extension, renewal, refinancing, replacement or additional incurrence o...
Other Secured Obligations. The Borrower will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable other than the Loans in accordance with SECTIONS 3.1(A) or (D), as applicable, as if such Secured Obligation were a Prime Rate Loan. Interest that is due and payable shall be deemed to be a liquidated amount and obligation of the Borrower and shall, to the extent permitted by Applicable Law, bear interest in accordance with SECTION 3.1(C).
Other Secured Obligations. (a) Each Lender and each Issuing Bank acknowledges that Term Loan Additional Secured Debt Obligations and Other Junior Secured Debt Obligations may be secured by Liens on the Collateral that, in the case of Term Loan/Notes Priority Collateral are senior to, and in the case of ABL Priority Collateral, are junior to, the Liens on the Collateral securing the Obligations and hereby consents thereto.
Other Secured Obligations. The Lead Borrower hereby represents and warrants to the Administrative Agent, the Initial 2023 Replacement Facility Lenders and the 2023 Replacement Facility Issuing Banks that attached hereto as Schedule II is a complete and correct list of the “Other Secured Obligations” existing as of the Second Amendment Effective Date.
Other Secured Obligations. Commercial Usance Letter of Credit - UPAS (Usuance Payable at Sight) in the amount of $50,000,000, between Clarios Global LP, as applicant, JPMorgan Chase Bank, N.A., as issuer, and EcoBat, as beneficiary.
Other Secured Obligations. The Borrowers will, to the extent permitted by Applicable Law, pay interest on the unpaid principal amount of any Secured Obligation that is due and payable (other than the Loans in accordance with SECTION 5.1(a) or (b), as applicable), on demand, as if such Secured Obligation were a Base Rate Revolving Credit Loan; PROVIDED that interest shall not accrue on any Secured Obligation arising under SECTION 16.2 or 16.3 until the fifth day after the Administrative Agent's demand on the Borrowers for payment or reimbursement thereof. Interest that is due and payable shall be deemed to be a liquidated amount and obligation of the Borrowers and shall, to the extent permitted by Applicable Law, bear interest in accordance with this SECTION 5.1(c).
