Credit Facility Secured Obligations definition
Examples of Credit Facility Secured Obligations in a sentence
Pursuant to this Agreement, each Grantor hereby grants to the Collateral Trustee for the benefit of the Credit Facility Secured Parties, as security for such Grantor’s Credit Facility Secured Obligations, a security interest in all right, title and interest of such Grantor in all Collateral, whether now existing or hereafter acquired (the security interests granted hereby to secure the Credit Facility Secured Obligations, the “Credit Facility Security Interests”).
Further to Part I, 9.01.03.02 (b), the following limitations apply: 🞟 If the leave is a result of a compensable accident, the affected employee shall only be eligible for the statutory holiday if the period of leave commences after the observed date of the statutory holiday.
For the avoidance of doubt, the Existing Credit Facility Secured Obligations and Tranche 3 Loans shall not benefit from any Lien on the Exclusive Collateral and the Second Priority Debt Obligations shall not be subordinated to any Lien on the Exclusive Collateral securing the Existing Credit Facility Secured Obligations and Tranche 3 Loans.