Examples of Accession Documents in a sentence
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The Trustee is hereby authorized to exercise all the rights and perform all the obligations of a Secured Debt Holder Group Representative set out in the Accession Documents (as defined in the Accession Agreement), including, without limitation, making, on behalf of the Holders, the agreements expressed to be made by Secured Debt Holders under the Finance Documents.
If at any time the Ultimate Parent becomes a Subsidiary of a Holding Company, the Ultimate Parent shall ensure that such Holding Company shall, upon becoming the Holding Company of the Ultimate Parent deliver an Accession Notice duly executed by the Company and the Holding Company together with the documents set out in Part 4 of Schedule 5 (Accession Documents).
The advantages of Resolution 8 are set out below: The agreement to enter into the Accession Documents will enable the Borrower to obtain funds under the Facility Agreement, on the basis that the entry into the Accession Documents is a condition subsequent to the Bank making those funds available under the Facility Agreement.As a result, the funds available under the Facility Agreement were made available to the Borrower, a subsidiary of the Company, to assist the Company in funding the Acquisition.
Effect of Proposed Financial Assistance The Proposed Financial Assistance, if given, will result in Bushby incurring (among other things) liabilities under the Accession Documents in relation to, among other liabilities, the Borrower’s liabilities under the Facility Agreement.
As a result of holding the Accession Documents, in the event of default by the Borrower, the Bank will be entitled to exercise its rights under the Accession Documents against Bushby to recover all amounts owing under the Facility Agreement.
The Trustee is hereby authorized to exercise all the rights and perform all the obligations of a Secured Debt Holder Group Representative set out in the Accession Documents (as defined in the Accession Agreement), including, without limitation, making, on behalf of the Holders, the agreements expressed to be made by Secured Debt Holders under the Financing Documents.
After having regard to the financial and trading position of the Borrower (and therefore the Borrower’s ability to service the repayment obligations under the Facility Agreement), the shareholders of the Company might form the view that there is no significant prospect of the Bank exercising its rights under the Accession Documents.
Disadvantages The disadvantages of Resolution 8 are set out below: The Bank will receive the Accession Documents from Bushby.
The General Security Agreement will secure all amounts owing by Bushby to the Bank from time to time; any other Finance Document or any other document contemplated in the Facility Agreement to which Bushby is a party; and any other notice, certificate, document, security interest, agreement, deed or form referred to in, or to be entered into or given under or in connection with or as contemplated by the Facility Agreement, (together, the Accession Documents).