Blocker Acknowledgment and Confirmation definition

Blocker Acknowledgment and Confirmation means, with respect to a Fund Group, an acknowledgment, consent and confirmation, substantially in the form of Exhibit K-2, mutatis mutandis, as modified, made by the applicable Blocker in favor of the applicable Borrower (with the Administrative Agent, for the benefit of the Secured Parties, entitled to enforce the provisions thereof pursuant to the applicable Borrower Security Agreement), as the same may be amended, restated, amended and restated, supplemented or modified from time to time.

Blocker Acknowledgment and Confirmation means an acknowledgment, consent and confirmation, substantially in the form of Exhibit K-2, mutatis mutandis, as modified, made by a Blocker in favor of the Initial Borrower (with the Administrative Bank, for the benefit of the Secured Parties, entitled to enforce the provisions thereof pursuant to the applicable Borrower Security Agreement), as the same may be amended, restated, amended and restated, supplemented or modified from time to time.

Examples of Blocker Acknowledgment and Confirmation in a sentence

• The Borrowers in a Fund Group shall issue, and, as applicable, (i) in accordance with the applicable Feeder Fund Acknowledgment and Confirmation, directly or indirectly cause the related Feeder Fund to issue and (ii) in accordance with the applicable Blocker Acknowledgment and Confirmation, directly or indirectly cause the related Blocker to issue, Capital Calls at such times as are necessary in order to ensure the timely payment of the Obligations of such Fund Group hereunder.

• This Section 3.1 will not prohibit West Marine or any Affiliate of West Marine from providing towing services to individual persons as required to satisfy contractual obligations of West Marine and its Affiliates to those persons that are in effect on the Effective Date.

• In addition, each of the Borrowers shall and, pursuant to any Feeder Fund Acknowledgment and Confirmation or any Blocker Acknowledgment and Confirmation, as applicable, such Feeder Fund and such Blocker will, promptly deposit into a Collateral Account any payments and monies that any Credit Party receives directly from Investors as Capital Contributions.

• The Borrowers shall issue, and (i) in accordance with any Feeder Fund Acknowledgment and Confirmation, directly or indirectly cause the applicable Feeder Fund to issue and (ii) in accordance with a Blocker Acknowledgment and Confirmation, directly or indirectly cause a Blocker to issue, Capital Calls at such times as are necessary in order to ensure the timely payment of the Obligations hereunder.