Applicable Credit Documents definition
Examples of Applicable Credit Documents in a sentence
For the avoidance of doubt, prior to the occurrence of an Enforcement, subject to the terms of the Applicable Credit Documents, the Secured Creditors may accept and apply payments made from any source (including proceeds of Collateral) on or in respect of the Secured Obligations owing to such Secured Creditor without any obligation hereunder to turn over any such payments to the Collateral Agent or share any such payments with any other Secured Lender.
Nothing contained in this Agreement is intended to impair as between the Secured Creditors and the Loan Parties, the rights of such Secured Creditors and the obligations of the Loan Parties under the Applicable Credit Documents.
Provided that is it permitted to do so by the terms of the Applicable Credit Documents then in effect, the Company may issue Additional Notes and enter into one or more Successor Credit Agreements.
The transactions respecting the payment, discharge, release or termination of all Funded Debt (other than Designated Funded Debt), Applicable Credit Documents, liabilities and obligations and Liens specified in Section 1.6 shall have occurred to the reasonable satisfaction of Parent and the Company, and there shall have been delivered to Parent the termination, release and discharge documentation referred to in Section 1.6(b).