Examples of CIT Financing Agreement in a sentence
This instrument embodies the entire agreement between the parties and supersedes all prior agreements and understandings, if any, relating to the subject matter hereof (except documents, agreements and instruments delivered or to be delivered in accordance with the express terms hereof, and except for the CIT Financing Agreement, to the extent of the collateral description and remedies set forth therein).
Should any term or provision of any of the Loan Papers other than this Agreement or of the CIT Financing Agreement conflict with any term or provision of this Agreement, then in any such case the terms and provisions of this Agreement shall be controlling.
Borrowers agree to maintain books and records pertaining to their financial matters in such detail, form and scope, for so long as the CIT Financing Agreement remains in effect, as CIT reasonably may require, and thereafter, as Investment Manager reasonably may require.
The Companies shall pay on demand all costs and expenses of the Lender and OCAM, including without limitation, reasonable attorneys’ fees, incurred by the Lender and OCAM in connection with this Agreement, the Assignment and Acceptance, the Second Amendment to Financing Agreement, the Participation Agreement, the CIT Financing Agreement or any of the transactions contemplated hereby or thereby other than the Merger contemplated by the Merger Agreement.
Under the CIT Financing Agreement, which consists of a revolving credit facility and a capital credit facility, CIT was granted a limited license to our general intangibles and a security interest in substantially all of our personal property as well as in the limited license to our general intangibles.
Class 2 - Secured Lender Claims (Unimpaired; presumed to accept Plan and not entitled to vote.) Secured Lender Claims consist of claims of CIT under the CIT Financing Agreement, discussed in Section III.A.2 above.
Unless and until the Agent Obligations are paid in full, all proceeds of any such policy and any such award shall be paid to the Agent on behalf of the Lenders and applied in accordance with the provisions of the CIT Financing Agreement.
Unless and until the CIT Obligations are paid in full, all proceeds of any such policy and any such award shall be paid to CIT and applied in accordance with the provisions of the CIT Financing Agreement.
Unless and until the CIT Obligations are paid in full and the CIT Financing Agreement terminated, CIT shall have the sole and exclusive right, subject to the rights of the Company under the CIT Financing Agreement to adjust settlement for any insurance policy covering the Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding affecting the Collateral.
Borrowers shall deliver to Lender (x) a Borrowing Base Certificate concurrently with the delivery of such Certificate to the Agent under the CIT Financing Agreement and (y) an “Export Related Borrowing Base Certificate” (as defined in the Ex-Im Borrower Agreement) concurrently with the delivery of such Export Related Borrowing Base Certificate to the Agent under the Ex-Im Borrower Agreement.