Examples of Bermuda Partnership in a sentence
Notwithstanding the foregoing provisions of this Section 8.18(b), the ownership of the Bermuda Partnership (a Subsidiary which is not a Qualified Non-U.S. Obligor) of Equity Interests of Qualified Non-U.S. Obligors shall not be taken account of for purposes of determining compliance with this Section 8.18(b), so long as the Credit Agreement Parties and their respective Foreign Subsidiaries are at all times in compliance with Section 8.18(c) below.
This Agreement shall not be construed as a loan by the Bermuda Partnership to the Delaware Partnership.
Notwithstanding the foregoing provisions of this Section 8.19(b), the ownership of the Bermuda Partnership (a Subsidiary which is not a Qualified Non-U.S. Obligor) of Equity Interests of Qualified Non-U.S. Obligors shall not be taken account of for purposes of determining compliance with this Section 8.19(b), so long as the Credit Agreement Parties and their respective Foreign Subsidiaries are at all times in compliance with Section 8.19(c) below.
This Agreement sets forth the terms and conditions on which the Bermuda Partnership will participate in, and be a beneficial owner of, a portion of each investment (and certain other assets) held by the Delaware Partnership.
The Bermuda Partnership agrees to indemnify and hold harmless the Delaware Partnership for the Bermuda Partnership's respective Pro Rata Share of any and all liabilities, claims, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind and nature whatsoever (collectively, "Losses") which may be imposed on, incurred by or asserted against the Delaware Partnership in connection with an Investment Asset.
The Delaware Partnership may (in its sole discretion), without the approval or consent of the Bermuda Partnership, (a) agree to any amendment or other modification of any Document and (b) exercise or refrain from exercising any right or remedy the Delaware Partnership may have under any Document.
The Delaware Partnership neither is nor shall be deemed to be a fiduciary of, or otherwise have a trust relationship with, or be an agent of, the Bermuda Partnership in connection with this Agreement or any transaction contemplated herein, and the Delaware Partnership shall have no obligation, duty or responsibility to the Bermuda Partnership except as expressly set forth herein.
The obligations of the Bermuda Partnership hereunder shall be absolute, unconditional and irrevocable and shall be paid and performed strictly in accordance with the terms hereof.
USBGFS agrees that all such records prepared or maintained by USBGFS relating to the services to be performed by USBGFS hereunder are the property of the Fund and will be preserved, maintained, and made available in accordance with such applicable sections and rules of the 1940 Act and will be promptly surrendered to the Fund or its designee on and in accordance with its request.
The Delaware Partnership hereby agrees that, in the event it incurs any Losses which are not related to an Investment Asset in which the Bermuda Partnership has a Participation under this Agreement, it will not hold the Bermuda Partnership liable for any of the foregoing.