Priority Credit Agreement Sample Clauses

Priority Credit Agreement. Borrower shall have executed and delivered the Priority Credit Agreement providing for commitments of the lenders thereunder to make Priority Loans in an aggregate principal amount of not more than $275 million on terms and conditions substantially as set forth on Exhibit 5.1(e)(i) and all conditions precedent to the effectiveness thereof shall have been satisfied or waived.
Sample 1
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Priority Credit Agreement. Authorization (a) Each party hereto hereby consents and agrees to the execution of (i) this Agreement by the other parties hereto and (ii) the Priority Credit Agreement (substantially in the form of Exhibit A attached hereto) by the Company, the Owner, the Priority Working Capital L/C Issuer, each Priority Lender party thereto, the Administrative Agent and the Priority Agent. (b) Each party hereto hereby agrees that, notwithstanding any provision in the Operative Documents (but subject to this Section 10.05), until the date on which (i) the Priority Loans and the Priority Working Capital L/C Reimbursement Obligations have been repaid or prepaid in full and (ii) the Priority Working Capital L/Cs and Priority Working Capital Loan Commitments have been cash collateralized in full, upon the written instructions of the Required Priority Lenders, the Trustee shall take or refrain from taking such action or actions as may be specified in such instructions. (c) The Creditors hereby authorize and direct the Trustee, the Trust Company, the Owner, the Administrative Agent and the Security Agent to execute, deliver and perform their respective obligations, if any, under this Agreement and the Priority Credit Agreement.
Sample 1
Priority Credit Agreement. The Borrower hereby requests that the Super Priority Lenders make a Loan to the Borrower in the aggregate principal amount of $7,750,000 pursuant to and in accordance with Section 2.1(a) of the Super Priority Credit Agreement.
Sample 1

Related to Priority Credit Agreement

  • Revolving Credit Agreement The Agent shall have received this Agreement duly executed and delivered by each of the Banks and the Company and each of the Banks shall have received a fully executed Committed Note and a fully executed Bid Note, if such Notes are requested by any Bank pursuant to Section 12.9.

  • to Credit Agreement COLLATERAL REPORTS Borrower shall deliver or cause to be delivered the following:

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

  • of the Credit Agreement Section 8.2.4 of the Credit Agreement is hereby amended as follows:

  • Credit Agreement (a) Capitalized terms used in this Agreement and not otherwise defined herein have the respective meanings assigned thereto in the Credit Agreement. All terms defined in the New York UCC (as defined herein) and not defined in this Agreement have the meanings specified therein. The term “instrument” shall have the meaning specified in Article 9 of the New York UCC. (b) The rules of construction specified in Section 1.02 of the Credit Agreement also apply to this Agreement.

  • 01 of the Credit Agreement Section 1.01 of the Credit Agreement is hereby amended as follows:

  • The Credit Agreement The Notes executed by the Borrower and delivered on the date hereof. The documents described in the foregoing clauses (a) and (b) are collectively referred to herein as the “Opinion Documents.” We have also reviewed originals or copies of such other agreements and documents as we have deemed necessary as a basis for the opinion expressed below. In our review of the Opinion Documents and other documents, we have assumed:

  • Existing Credit Agreement On the date of this Agreement, the Existing Credit Agreement shall be amended and restated in its entirety by this Agreement, and the Existing Credit Agreement shall be replaced hereby; provided that the Borrower, the Administrative Agent and the Lenders agree that on the date of the initial funding of Loans hereunder, the loans and other Indebtedness of the Borrower under the Existing Credit Agreement shall be renewed, rearranged, modified and extended with the proceeds of the initial funding and the “Commitments” of the lenders under the Existing Credit Agreement shall be superseded by this Agreement and terminated. This Agreement is not in any way intended to constitute a novation of the obligations and liabilities existing under the Existing Credit Agreement or evidence payment of all or any portion of such obligations and liabilities. The terms and conditions of this Agreement and the Administrative Agent’s, the Lenders’ and the Issuing Banks’ rights and remedies under this Agreement and the other Loan Documents shall apply to all of the Indebtedness incurred under the Existing Credit Agreement and in respect of the Existing Letters of Credit. The undersigned hereby waive (i) any right to receive any notice of such termination, (ii) any right to receive any notice of prepayment of amounts owed under the Existing Credit Agreement, and (iii) any right to receive compensation under Section 5.02 of the Existing Credit Agreement in respect of Eurodollar Loans outstanding under the Existing Credit Agreement resulting from such rearrangement. Each Lender that was a party to the Existing Credit Agreement hereby agrees to return to the Borrower, with reasonable promptness, any promissory note delivered by the Borrower to such Lender in connection with the Existing Credit 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.

  • Credit Agreement; Loan Documents This Agreement or counterparts hereof shall have been duly executed by, and delivered to, Borrowers, each other Credit Party, Agent and Lenders; and Agent shall have received such documents, instruments, agreements and legal opinions as Agent shall reasonably request in connection with the transactions contemplated by this Agreement and the other Loan Documents, including all those listed in the Closing Checklist attached hereto as Annex D, each in form and substance reasonably satisfactory to Agent.

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