Barclays Loan definition
Examples of Barclays Loan in a sentence
By executing this Agreement, Barclays, in its capacity as the lender under the Barclays Loan Agreement and as a Secured Party under the Security Documents, agrees to the provisions of this Article VIII and agrees that the Agents and the FI Trustee will be entitled to all the benefits, exculpations, authorizations and other provisions of this Article VIII in connection with their actions, duties and obligations under the Security Documents in respect of the Barclays Obligations.
Each Lender and Barclays, in its capacity as the lender under the Barclays Loan Agreement, hereby irrevocably authorizes and directs the Security Agent, the JAA Security Agent and the FI Security Agent, as applicable, to enter into amendments from time to time to the Security Documents for the purpose of naming as Secured Parties thereunder Lender Affiliates that become counterparties to Hedging Agreements, the obligations under which are secured by the Security Documents.
Nothing in this Deed will, as between any Company and Barclays or the Security Trustee, affect or prejudice any rights of Barclays and/or the Security Trustee as against that Company under the Barclays Loan Agreements, the Barclays Security, the Senior Finance Documents, the Hedging Agreements and the Security respectively.
Without the prior written consent of the Security Trustee, no amendments to any Barclays Loan Agreement will be permitted other than amendments which do not impair the obligations of any Company under this Deed, do not increase the Barclays Liabilities and do not alter the scheduled maturity date of the relevant Barclays Loan Agreement.
For the avoidance of doubt, any amount repaid or prepaid by any Company pursuant to any Barclays Loan Agreement may not be reborrowed by the relevant Company.
If the Security Trustee elects to pay to Barclays the amount of the Shortfall it shall on such payment be subrogated to the rights of Barclays in respect of the relevant Barclays Loan Agreement and Barclays shall immediately cease to have any interest in that Barclays Loan Agreement or any rights against the relevant Company under or in connection with that Barclays Loan Agreement.
Each Lender and Barclays, in its capacity as the lender under the Barclays Loan Agreement, authorizes the Agents to take such actions on its behalf and to exercise such powers as are delegated to the applicable Agent by the terms of the applicable Loan Documents, together with such actions and powers as are reasonably incidental thereto.
At the closing, subject to the terms of this Agreement, AJV shall contribute the Property to PRRP subject to the Existing Loan in the amount equal to the Outstanding Amount of the Barclays Loan (collectively, the "AJV Contribution").
Barclays to make the New Barclays Loan, Borrower, Cal-Maine Farms, Inc., and Cal-Maine Egg Products, Inc.
In addition, each Lender and Barclays, in its capacity as the lender under the Barclays Loan Agreement, hereby irrevocably authorizes and directs the Administrative Agent to enter, on behalf of each of them, into the Security Document Amendments and agrees to be bound by the terms of the Security Documents.