Common use of Parallel Debtors Clause in Contracts

Parallel Debtors. The Borrower irrevocably and unconditionally undertakes (and to the extent necessary undertakes in advance) to pay to the Collateral Agent amounts equal to any amounts owing from time to time by it to any Lender under this Agreement or any Secured Hedge Agreement as and when those amounts are due.

Appears in 4 contracts

Samples: Credit Agreement (Laureate Education, Inc.), Credit Agreement (Laureate Education, Inc.), Second Lien Intercreditor Agreement (Laureate Education, Inc.)

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Parallel Debtors. The Borrower irrevocably and unconditionally undertakes (and to the extent necessary undertakes in advance) to pay to the Collateral Agent amounts equal to any amounts owing from time to time by it to any Lender under this Agreement or any Secured Hedge Agreement as and when those amounts are due.. 14.2

Appears in 1 contract

Samples: Second Lien Intercreditor Agreement

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