Examples of Blackstone Credit Entities in a sentence
During any time that the Blackstone Credit Entities collectively do not constitute Required Lenders hereunder, all discretion, voting and/or consent rights hereunder or under any other Loan Document that are explicitly designated to reside with the Blackstone Credit Representative shall, during such period, instead reside with the then applicable Required Lenders.
In addition, as long as Blackstone Credit Entities constitute the Required Lenders, the Required Lenders may remove the Administrative Agent at any time, with or without cause and without the consent of the Borrower (provided, the foregoing shall have no effect on the rights of the Borrower in the immediately succeeding sentence with respect to consent over appointment of a replacement Administrative Agent).
The Non-Voting Observer shall have a duty of confidentiality to Parent and its Subsidiaries comparable to the duty of confidentiality of a director of Parent and the Lenders who are Blackstone Credit Entities shall be responsible for the Non-Voting Observer’s compliance with this Section 6.15.