SPECIFIC PROVISIONS IN CONNECTION WITH THE SECURED CREDIT AGREEMENT Sample Clauses

SPECIFIC PROVISIONS IN CONNECTION WITH THE SECURED CREDIT AGREEMENT. If (i) the Lender (as such term is defined in the Secured Credit Agreement) either: or (a) accelerates the Loan (as such term is defined in the Secured Credit Agreement. or (b) declares an Event of Default (as such term is defined in the Secured Credit Agreement) pursuant to Section 8.01 of the Secured Credit Agreement. or (c) there shall be commenced or instituted, voluntarily or involuntarily, a case in a court or similar competent forum against a Party to this agreement seeking the liquidation or reorganization of such Party, and, if involuntary, either (i) a determination is made that such Party is insolvent or has defaulted in the payment of its obligations generally (such as the issuance by a judge of competent jurisdiction (x) in Mexico of a resolution opening the concurso mercantile procedure or (y) in France of a redressement or liquidation judiciaries) or (ii) the petition commencing such involuntary case or proceeding remains undismissed and unstayed after such period for dismissal or stay has expired under applicable French or Mexican law, or if it requests or accepts the imposition of a conciliador, sindico, auditor, receiver, or administrator or if such representative is designated or takes possession of such Party, as the case may be, or all or a substantial portion of its liabilities and assets; or all or a substantial portion of its property, assets or revenues shall be subject to bankruptcy proceedings, dissolution or liquidation; or if a Party shall cease to operate or shall enter into an agreement for the benefit of its creditors or threaten in writing to suspend its operations or a substantial portion thereof, or (d) if a Party shall, at any time, by virtue of a single event or series of events suffer the loss of at least 70% of (x) its paid in capital or (y) its assets, and (ii) Parties holding in the aggregate more than 50% of the Consortium Interest (the "Prepayment Parties") have decided and agreed that SETA shall pay or otherwise discharge, in full or part, any amounts outstanding under the Secured Credit Agreement, including, but not limited to, any then outstanding principal, interest and other amounts outstanding under to the Secured Credit Agreement (the "Outstanding Amount"), then the consent of any other Party (the "Non-Prepayment Parties") or of the representatives of such Non-Prepayment Parties on the Board of Directors of SETA, notwithstanding any other provision of this Agreement, shall not be necessary for SETA to make ...
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Related to SPECIFIC PROVISIONS IN CONNECTION WITH THE SECURED CREDIT AGREEMENT

  • Amendments to the Credit Agreement (a) Section 1.01 of the Credit Agreement, Definitions, is hereby amended by adding the following definitions in the appropriate alphabetical order:

  • Representations in Credit Agreement In the case of each Guarantor, the representations and warranties set forth in Section 4 of the Credit Agreement as they relate to such Guarantor or to the Loan Documents to which such Guarantor is a party, each of which is hereby incorporated herein by reference, are true and correct, and the Administrative Agent and each Lender shall be entitled to rely on each of them as if they were fully set forth herein, provided that each reference in each such representation and warranty to the Borrower's knowledge shall, for the purposes of this Section 4.1, be deemed to be a reference to such Guarantor's knowledge.

  • Amendments to Existing Credit Agreement Effective on (and subject to the occurrence of) the Effective Date, the Existing Credit Agreement is hereby amended in accordance with this Part II. Except as so amended, the Existing Credit Agreement shall continue in full force and effect.

  • Amendments to the Existing Credit Agreement Upon, and subject to, the satisfaction or waiver in accordance with Section 9.02 of the Existing Credit Agreement of the conditions precedent set forth in Section 2 below, the Existing Credit Agreement is hereby amended as follows: (a) The following new definition is included in Section 1.01 of the Existing Credit Agreement in the proper alphabetical order as follows:

  • Amendments to the Loan Agreement The Loan Agreement is hereby amended as follows:

  • Specific Amendments to Credit Agreement Upon the effectiveness of this Amendment, the parties hereto agree that the Credit Agreement shall be amended as follows: (a) The Credit Agreement is amended by adding the following definitions to Section 1.01 thereof in the appropriate alphabetical location:

  • Incorporation of Credit Agreement Provisions The provisions contained in Section 11.6 (Indemnification), Section 12.8 (Governing Law; Submission to Jurisdiction) and Section 12.9 (Waiver of Jury Trial) of the Credit Agreement are incorporated herein by reference to the same extent as if reproduced herein in their entirety.

  • Covenants in Credit Agreement In the case of each Guarantor, such Guarantor shall take, or shall refrain from taking, as the case may be, each action that is necessary to be taken or not taken, as the case may be, so that no Default or Event of Default is caused by the failure to take such action or to refrain from taking such action by such Guarantor or any of its Subsidiaries.

  • Amendment of Loan Agreement The Loan Agreement is hereby modified and amended as follows:

  • Amendment to the Credit Agreement Effective as of the date of satisfaction of the conditions precedent set forth in Section 2 below (the “Amendment No. 1 Effective Date”), the parties hereto agree that the Credit Agreement is hereby amended as follows:

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