Common use of Relationship with Secured Parties Clause in Contracts

Relationship with Secured Parties. The Security Agent may treat each Secured Party as a Secured Party, entitled to payments under this Agreement until it has received not less than five Business Days’ prior notice from that Secured Party to the contrary.

Appears in 2 contracts

Samples: Loan Agreement (Iridium Communications Inc.), Facility Agreement (Iridium Communications Inc.)

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Relationship with Secured Parties. The Security Agent may treat each Secured Party as a Secured Party, entitled to payments under this Agreement until it has received not less than five Business Days' prior notice from that Secured Party to the contrary.

Appears in 2 contracts

Samples: Supplemental Agreement (Iridium Communications Inc.), Supplemental Agreement (Iridium Communications Inc.)

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