Examples of Credit Agreement Lien in a sentence
Each Loan Party hereby represents and warrants to the Administrative Agent and the Lenders that, pursuant to the Security Instruments to which such Loan Party is a party, the Secured Obligations are secured by a first priority (subject to certain Liens permitted under Section 9.03 of the Credit Agreement) Lien on all of such Loan Party’s assets to the extent required by the Security Instruments.
Except as set forth in Schedule 3.20, as of the date of the Latest Balance Sheet, the Company and its Subsidiaries had good and legal title to all of the Properties and assets reflected as Properties and assets owned by the Company or any of its Subsidiaries in the Latest Balance Sheet, free and clear of all Liens other than (x) the Credit Agreement Lien, (y) other Permitted Liens and (z) other Liens that did not (and do not) materially adversely affect the use or value of such Properties and assets.
Upon delivery of the Purchased Units and payment therefor pursuant hereto, good and valid title to such Purchased Units, free and clear of all liens, encumbrances, equities or claims, including the Credit Agreement Lien, will pass to the Purchaser.
The Seller shall cause the Company and its Subsidiaries to apply all or a portion of the International Proceeds to the payoff of all obligations of the Loan Parties under the Credit Agreement with the effect that Union Bank, as collateral agent under the Financing Documents, shall terminate and release the Credit Agreement Lien.
As of the date of this Agreement, except for shares of International Companies which are owned by Employees, all of the outstanding shares of capital stock of each of the Company's Subsidiaries are owned of record and beneficially by the Company or one or more of its Subsidiaries, in each case free and clear of any Lien except for the Credit Agreement Lien.
Without affecting any additional Liens required by the Exit Facility Credit Agreement, each Prepetition Credit Agreement Lien is stipulated to as valid, perfected, and not avoidable, and shall secure the Exit Facility Loans and all other obligations of the Reorganized 4 The Allowed amount excludes any accrued fees, costs, and expenses that will be paid in cash on the Effective Date pursuant to this Plan.
The provisions of this Agreement are intended solely to govern the respective priorities as between the FSA Liens, the GIC Issuers’ Lien, the First Credit Agreement Lien and the Second Credit Agreement Lien and shall not impose on FSA any obligations in respect of the disposition of any assets in the Securities Account, any security entitlements therein or any other Collateral.
Except for the Alpharma Credit Agreement Lien, neither Seller nor any of its Subsidiaries is a party to any option, warrant, purchase right, or other contract or commitment (other than this Agreement) that could require Seller or any of its Subsidiaries to sell, transfer, or otherwise dispose of any capital stock of the Target Companies.
Except for the Alpharma Credit Agreement Lien (which shall be released as of the Closing Date), each of the Target Shares is held of record and owned beneficially by the Share Seller (and any other entity which Parent may designate as an additional Share Seller as a result of the Pre-Closing Restructuring) free and clear of any Liens and all capital stock of the Target Subsidiaries is held of record and owned beneficially by the Target Companies or Target Subsidiaries free and clear of any Liens.
The Loan Parties shall have delivered to the Administrative Agent reasonably satisfactory evidence that the Administrative Agent (on behalf of the Lenders) shall have a valid and perfected first priority (subject to Liens expressly permitted under Section 7.3 of the Credit Agreement) Lien and security interest in the Collateral described in each of the Security Documents.