Rights Under Loan Agreement. The Issuer agrees that the Trustee in its name or in the name of the Issuer may enforce all rights of the Issuer and all obligations of the Borrower under and pursuant to the Loan Agreement for and on behalf of the Bondholders, whether or not the Issuer is in default hereunder.
Rights Under Loan Agreement. The Loan Agreement, a duly executed counterpart of which has been filed with the Trustee, sets forth covenants and obligations of the Issuer and the Company, including provisions that subsequent to the issuance of Bonds and prior to their payment in full or provision for payment thereof in accordance with the provisions hereof, the Loan Agreement may not be effectively amended, changed, modified, altered or terminated, or any provision waived without the written consent of the Trustee, and reference is hereby made to the same for a detailed statement of said covenants and obligations of the Company thereunder, and the Issuer agrees that the Trustee in its name or in the name of the Issuer may enforce all rights of the Issuer and all obligations of the Company under and pursuant to the Loan Agreement or the Collateral Trust Mortgage Bonds, for and on behalf of the bondholders, whether or not the Issuer is in default hereunder.
Rights Under Loan Agreement. This Debenture is issued pursuant to the --------------------------- Convertible Loan Agreement dated of even date herewith among the Company, Renaissance III and Renaissance PLC, as Lenders, and Agent, and the holders hereof are entitled to all the rights and benefits. Both Borrower and Lenders have participated in the negotiation and preparation of the Loan Agreement and of this Debenture. Borrower agrees that a copy of the Loan Agreement with all amendments, additions and substitutions therefor shall be available to the Holders at the offices of Borrower. ________________________________________________________________________________ Page 7 ________________________________________________________________________________ Issuers Initial ________________________________________________________________________________
Rights Under Loan Agreement. The Loan Agreement, a duly executed counterpart of which has been filed with the Trustee, sets forth covenants and obligations of the Authority and the Company, including provisions that subsequent to the issuance of Bonds and prior to their payment in full or provision for payment thereof in accordance with the provisions hereof, the Loan Agreement may not be effectively amended, changed, modified, altered or terminated, or any provision waived without the written consent of the Trustee, and reference is hereby made to the same for a detailed statement of said covenants and obligations of the Company thereunder, and the Authority agrees that the Trustee in its name or in the name of the Authority may enforce all rights of the Authority and all obligations of the Company under and pursuant to the Loan Agreement or the Collateral Trust Mortgage Bonds, for and on behalf of the bondholders, whether or not the Authority is in default hereunder.
Rights Under Loan Agreement. The Loan Agreement sets forth covenants and obligations of the Issuer and the Borrower, and reference is hereby made to the same for a detailed statement of said covenants and obligations. The Issuer agrees to cooperate in the enforcement of all covenants and obligations of the Borrower under the Loan Agreement and agrees that the Trustee and the Bondholder Representative may enforce all rights of the Issuer (other than the Unassigned Issuer’s Rights) and all obligations of the Borrower under and pursuant to the Loan Agreement in their respective names and on behalf of the Holders, whether or not the Issuer has undertaken to enforce such rights and obligations.
Rights Under Loan Agreement. This Note has been executed and delivered pursuant to, and is subject to certain terms and conditions set forth in, the Loan Agreement between Maker and Payee, executed as of the date hereof, and is the "Note" referred to therein. The holder of this Note shall be entitled to the benefits provided in the Loan Agreement. RENEWAL PROMISSORY NOTE 10 17 Reference is made to the Loan Agreement for a statement of (a) the obligation of Payee to advance funds hereunder, (b) the events upon which the maturity of this Note may be accelerated, and (c) Maker's right to cure certain events of default, if any, as more fully set forth therein.
Rights Under Loan Agreement. Upon such acceptance and recording, from and after the Effective Date, (i) the Assignee shall be a party to the Loan Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a Bank thereunder, and (ii) the Assignor shall, with respect to that portion of its interest under the Loan Agreement assigned hereunder, relinquish its rights and be released from its obligations under the Loan Agreement; provided, however, that the Assignor shall retain its rights to be 108 -3- indemnified pursuant to Section 16(b) of the Loan Agreement with respect to any claims or actions arising prior to the Effective Date.
Rights Under Loan Agreement. Each Loan Agreement, a duly executed counterpart of which will be filed with the Trustee, sets forth the covenants and obligations of the Issuer and the Borrower with respect to the related Loan, and reference is hereby made to each Loan Agreement for a detailed statement of such covenants and obligations of the Borrower thereunder, and the Issuer agrees that the Trustee in its name or in the name of the Issuer may enforce all rights of the Issuer (other than Reserved Rights) and all obligations of the Borrower under and pursuant to each Loan Agreement and each Note for and on behalf of the Secured Parties, whether or not the Issuer is in default hereunder. The Trustee is authorized to act upon the direction of the Borrower when such right to direct is set forth in the Indenture.
Rights Under Loan Agreement. The Loan Agreement, a duly executed counterpart of which has been filed with the Trustee, sets forth the covenants and obligations of the Authority, the Borrower and the Guarantor, including a provision in Section 9.11 thereof that subsequent to the issuance of the Bonds and prior to Payment of the Bonds, the Loan Agreement may not be effectively amended, changed, modified, altered or terminated except in accordance with this Agreement, and reference is hereby made to the Loan Agreement for a detailed statement of said covenants and obligations of the Borrower and the Guarantor under the Loan Agreement, and the Authority agrees that the Trustee, subject to the provisions of the Loan Agreement and this Agreement reserving certain rights to the Authority and respecting actions by the Trustee in its name or in the name of the Authority, may enforce all rights of the Authority and all obligations of the Borrower and the Guarantor under and pursuant to the Loan Agreement and the Collateral Documents for and on behalf of the Bondholders whether or not the Authority is in default hereunder.
Rights Under Loan Agreement. The Loan Agreement, a duly executed counterpart of which has been filed with the Trustee, sets forth the covenants and obligations of the Authority and the Company, including provisions that, subsequent to the issuance of the Bonds and prior to the payment in full or provision for payment thereof in accordance with the provisions hereof, the Loan Agreement (except as expressly provided therein) may not be effectively amended, changed, modified, altered or terminated without the concurring written consent of the Trustee, as evidenced by an Opinion of Counsel, as provided in Article XI hereof, and reference is hereby made to the Loan Agreement for a detailed statement of such covenants and obligations of the Company, and the Authority agrees that the Trustee in its name or (to the extent required by law) in the name of the Authority may enforce all rights of the Authority and all obligations of the Company under and pursuant to the Loan Agreement, whether or not the Authority is in default hereunder. The Authority shall cooperate with the Trustee in enforcing the obligations of the Company to pay or cause to be paid all amounts payable by the Company under the Loan Agreement.
