Agent Companies definition
Examples of Agent Companies in a sentence
The rights of any Participant only shall be derivative through the Originating Lender with whom such Participant participates and no Participant shall have any rights under this Agreement or the other Loan Documents or any direct rights as to the other Lenders, Agent, Companies, the Collections, the Collateral, or otherwise in respect of the Obligations.
Upon such election by Laurus (subsequent notice of which Laurus shall provide to Company Agent), Companies shall be deemed to hereby have sold, assigned, transferred, conveyed and delivered to Laurus, and Laurus shall be deemed to have purchased and received from Companies, all right, title and interest of Companies in and to all Accounts which shall at any time constitute Eligible Accounts (the “Receivables Purchase”).
The rights of any Participant only shall be derivative through the Originating Lender with whom such Participant participates and no Participant shall have any rights under this Agreement or the other Loan Documents or any direct rights as to the other Lenders, Agent, Companies, the Collections of Companies, the Collateral, or otherwise in respect of the Obligations.
Upon such election by Laurus (subsequent notice of which Laurus shall provide to Company Agent), Companies shall be deemed to hereby have sold, assigned, transferred, conveyed and delivered to Laurus, and Laurus shall be deemed to have purchased and received from Companies, all right, title and interest of Companies in and to all Accounts which shall at any time constitute Eligible Accounts (the "Receivables Purchase").
Upon such election by Laurus (subsequent notice of which Laurus shall provide to Company Agent), Companies shall be deemed to hereby have sold, assigned, transferred, conveyed and delivered to Laurus, and Laurus shall be deemed to have purchased and received from the Companies, all right, title and interest of Companies in and to all Accounts which shall at any time constitute Eligible Accounts (the “Receivables Purchase”).
Upon such election by Access Capital (subsequent notice of which Access Capital shall provide to Company Agent), Companies shall be deemed to hereby have sold, assigned, transferred, conveyed and delivered to Access Capital, and Access Capital shall be deemed to have purchased and received from Companies, all right, title and interest of Companies in and to all Accounts which shall at any time constitute Eligible Accounts (the “Receivables Purchase”).
Upon 5 Business Days prior written notice to Agent, Companies may prepay all or a portion of the Term Loan so long as (i) no Event of Default exists or would be caused thereby, (ii) the Fixed Asset Portion has been reduced to zero, and (iii) after giving effect to such prepayment, Excess Availability is at least $8,000,000.
Upon such election by Laurus (subsequent notice of which Laurus shall provide to Company Agent), Companies shall be deemed to hereby have sold, assigned, transferred, conveyed and delivered to Laurus, and Laurus shall be deemed to have purchased and received from the Companies, all right, title and interest of Companies in and to all Accounts which shall at any time constitute Eligible Accounts (the "RECEIVABLES PURCHASE").
Upon request by Agent, Companies shall deliver satisfactory evidence of payment of applicable excise taxes in each jurisdictions in which any Company is required to pay any such excise tax.