Examples of CEI Credit Agreement in a sentence
All documents and instruments required to (i) evidence the discharge of the Liens under the CEI Credit Agreement on any Collateral and (ii) evidence the release of the Guaranties of the Loan Parties of all Indebtedness of CEI and its Subsidiaries (other than the Borrower and its Subsidiaries).
No agreement, waiver or consent which would modify the interests, rights or obligations of any Agent, any CEI Agent or the CEI Lenders hereunder may be made without the written consent of such Agent, such CEI Agent or the Required Lenders (as defined under the CEI Credit Agreement), as applicable; provided that in the case of any CEI Agent or the Required Lenders (as defined under the CEI Credit Agreement), such consent shall not be unreasonably withheld, conditioned or delayed.
The Collateral Agent shall have received an executed copy of the consent under the CEI Credit Agreement to this Amendment, and such Amendment shall have become effective.
Upon receipt of any such notice of resignation, the Collateral Agent shall have the right to appoint a successor that is (i) one of the Bookrunners (as defined in the CEI Credit Agreement) under the CEI Credit Agreement as of the Closing Date, (ii) the Person serving as the Administrative Agent or (iii) any other Person that is approved by the Borrower in its sole discretion; provided such approval by the Borrower shall not be required following a Replacement Exercise of Remedies.
Notwithstanding the foregoing, certain of the Company’s Wholly Owned Restricted Subsidiaries that are guarantors under the CEI Credit Agreement that are gaming licensees or registered holding companies of gaming licensees under New Jersey gaming laws shall not be required to become Subsidiary Guarantors unless and until such guarantees are approved by the New Jersey Division of Gaming Enforcement.
For all purposes hereof and the First Lien Intercreditor Agreement, the Company hereby designates the Obligations pursuant to the CEI Credit Agreement, the 2025 Secured Notes and the 2030 Secured Notes as in effect on the Issue Date, as First Priority Lien Obligations.
Subject to the terms and conditions hereof, on the Closing Date, without further action on the part of any Person, each of the letters of credit described on Schedule XI, which were originally issued under the Existing CEI Credit Agreement, shall be automatically deemed to be letters of credit issued pursuant to this Section 2.07(b) in the amounts, upon the terms and in favor of the beneficiaries specified on Schedule XI.
Notwithstanding the foregoing, certain of the Company’s Wholly Owned Restricted Subsidiaries that are guarantors under the CEI Credit Agreement that are gaming licensees or registered holding companies of gaming licensees under New Jersey gaming laws shall not be required to become Subsidiary Guarantors unless and until such Note Guarantees are approved by the New Jersey Division of Gaming Enforcement.
For all purposes hereof and the First Lien Intercreditor Agreement, the Company hereby designates the Obligations pursuant to the CEI Credit Agreement and the 2025 Secured Notes as in effect on the Issue Date, as First Priority Lien Obligations.
The Company shall cause each Wholly Owned Restricted Subsidiary that is a Domestic Subsidiary that is a borrower or guarantor under the CEI Credit Agreement to execute and deliver to the Trustee a supplemental indenture substantially in the form of Exhibit C hereto pursuant to which such Subsidiary will guarantee the Company’s obligations under the Notes and this Indenture and shall comply with the additional requirements of Section 13.06.