Examples of Dutch Facility in a sentence
The terms of this Agreement will not be waived, altered, modified, amended, supplemented or terminated in any manner whatsoever unless the same shall be in writing and signed and delivered by the Lessor, the Servicer, the Dutch Security Trustee and each Lessee, subject to any restrictions on such waivers, alterations, modifications, amendments, supplements or terminations set forth in the Dutch Facility Agreement.
In the event of a Servicer Default, the Lessor or the Dutch Security Trustee, in each case acting pursuant to Clause 9.24(d) (Servicer Default) of the Dutch Facility Agreement, shall have the right to replace the Servicer as servicer.
No Dutch Domiciled Loan Party or other Person claiming through or on behalf of any Dutch Domiciled Loan Party shall have any right to any Cash Collateral, until Full Payment of all Dutch Facility Secured Obligations.
The Dutch Swingline Loans of each Dutch Borrower shall be repaid in accordance with the terms of this Agreement and shall be secured by all of the Dutch Facility Collateral of such Dutch Borrower.
All Dutch Overadvance Loans shall constitute Dutch Facility Obligations secured by the Dutch Facility Collateral and shall be entitled to all benefits of the Loan Documents.
From the date that the appointment of the successor is effected under Section 12.2.14, the retiring Dutch Security Trustee must be discharged from any further obligations under the Loan Documents as Dutch Security Trustee, and the successor to the Dutch Security Trustee and each of the other Dutch Facility Secured Parties have the same rights and obligations between themselves as they would have had if the successor had been a party to those Loan Documents.
If any Disposition is comprised of proceeds from any Dutch Facility Collateral not in the Ordinary Course of Business, then 100% of the Net Proceeds of such Disposition shall be either applied to the Dutch Revolver Loans or used to Cash Collateralize the Dutch Letters of Credit.
Each Dutch Facility Secured Party undertakes to execute such releases and other documents as may be necessary to give effect to the releases specified herein.
Subject to Section 14.1.1, the Dutch Security Trustee is authorized by each of the Dutch Facility Secured Parties to execute on behalf of itself and each such Dutch Facility Secured Party any release of the security interests created by the relevant Foreign Security Agreements in accordance herewith.
The Dutch Security Trustee (a) subject to the appointment of a successor (in consultation with the Foreign Loan Party Agent) may, and must if the Agent requires, retire at any time from its position as Dutch Security Trustee under the Loan Documents without assigning any reason, and (b) must give notice of its intention to retire by giving to the other Dutch Facility Secured Parties and the Foreign Loan Party Agent not less than thirty (30) days’ nor more than sixty (60) days’ notice.