Total S. A. (or any subsidiary or affiliate thereof).
Total S. A. has agreed to guarantee the obligations of the Borrower under this Agreement until the Restructuring Date (as hereinafter defined). On and after the Restructuring Date, all of the Obligations hereunder and under the other Loan Documents will be secured by a First Priority Lien, granted to Crédit Agricole Corporate and Investment Bank, as Security Agent for the Lenders (in such capacity, the “Security Agent”), on behalf of the Lenders, on the Loan Parties' Eligible Assets (as hereinafter defined). Accordingly, the parties hereto agree as follows:
Total S. A. or its Affiliates; and (e) Souki Family 2016 Trust.
Total S. A. and its subsidiaries (not including the Credit Parties or any of their respective Subsidiaries) are not the subject of any Sanctions and are in compliance with all applicable Sanctions. Total S.A. and its subsidiaries are not engaged in any activity that would result in any Credit Party or any Subsidiary being designated as a Sanctioned Person.
Total S. A. (“Total” and, in its capacity as guarantor of Notes issued by Total Capital, Total Capital Canada or Total Capital International, the “Guarantor”);
Total S. A. acting in its own name and in the name of the Sellers
Total S. A. has agreed to guarantee the obligations of the Borrower under the Credit Agreement, and (ii) it wishes to amend the Credit Agreement as set forth below, but otherwise have the Credit Agreement remain in full force and effect.
Total S. A., as the initial Guarantor (but not any assignee of Total S.A.), may assign its rights and obligations under this Agreement with prior notice to and without consent of the Company to any Permitted Assignee. For the avoidance of doubt, no assignee of Total S.A. may assign its rights and obligations under this Agreement without the prior written consent of the Company.
Total S. A. Majormeans:
(a) a Listed Oil Major;
(b) a Listed Oil Major's wholly-owned Subsidiaries;
(c) any Subsidiaries of a Listed Oil Major that is not a wholly-owned Subsidiary but the obligations in respect of which are guaranteed by a parent company guarantee from such Listed Oil Major; and/or
(d) any other debtor approved by the Facility Agent acting on the instructions of all Lenders
