Examples of Borrowing Orders in a sentence
Subject to entry of the Borrowing Orders, each Borrower has the power and authority to execute, deliver, and perform this Agreement and the other Loan Documents to which it is a party, to incur the Obligations (as applicable), and to grant to the Agent Liens upon and security interests in the Collateral.
Unless stayed by judicial or statutory process, subject to the provisions of the Borrowing Orders, a Liquidation shall be initiated by the Administrative Agent within a commercially reasonable time following Acceleration of the Revolving Credit Obligations.
Any remaining portion of such Mandatory Payment amounts after the foregoing application shall be held by Administrative Agent first, on behalf of Lenders as substitute collateral to secure the Obligations and second, to the extent of any remaining portion of such amount, as additional adequate protection in respect of Prepetition Obligations, under the terms of the Borrowing Orders and the First Day Orders.
In accordance with the Borrowing Orders, each Borrower hereby waives, and shall cause each of its Subsidiaries to waive, any and all claims to any surcharge of the security interests of Agent in the Collateral under section 506(c) of the Bankruptcy Code.
Except as set forth on Schedule 8.21, other than entry of the Borrowing Orders, no approval, consent, exemption, authorization, or other action by, or notice to, or filing or registration with, any Governmental Authority, including without limitation, any state gaming commission or similar authority, or other Person is necessary or required in connection with the execution, delivery, or performance by, or enforcement against, any Borrower of this Agreement or any other Loan Document.
To the extent there is any inconsistency between the terms of this Agreement and the terms of the Borrowing Orders, the terms of the Borrowing Orders shall govern.
Subject to entry of the Borrowing Orders, each Borrower has taken all necessary action (including, without limitation, obtaining approval of its stockholders, general partners, limited partners, members, or other applicable equity owners, if necessary) to authorize its execution, delivery, and performance of this Agreement and the other Loan Documents to which it is a party.
Unless stayed by judicial or statutory process, subject to the provisions of the Borrowing Orders a Liquidation shall be initiated by the Collateral Agent within a commercially reasonable time following Acceleration of the Revolving Credit Obligations, the Tranche B Loan and the Tranche C Loan.
Upon Acceleration, and at all times thereafter, and subject to any Bankruptcy Court order as may be required under the terms of the Borrowing Orders, the Agent shall have the following 146 rights and remedies in addition to all of the rights, remedies, powers, privileges, and discretions which the Agent is provided prior to the occurrence of an Event of Default:.
The Borrowers shall have repaid the Prior Lender Claim, as such term is defined in the Borrowing Orders (other than early termination fees provided thereunder) in full.