Dutch Security Document definition
Examples of Dutch Security Document in a sentence
Without prejudice to the provisions of this Agreement and the other Loan Documents, the parties hereto acknowledge and agree to the creation of parallel debt obligations with respect to any Loan Party which agrees to provide security pursuant to a Dutch Security Document.
The Agent will cooperate in assigning its right under the parallel debt obligations to any such successor agent and will cooperate in transferring all rights under any Dutch Security Document to such successor agent.
The Administrative Agent will reasonably cooperate in assigning its rights under the Parallel Debt to any such successor agent and will reasonably cooperate in transferring all rights under any Dutch Security Document to such successor agent.
The parties hereto acknowledge and agree that for purposes of any Dutch Security Document, any resignation by the Administrative Agent is not effective with respect to its rights under the Parallel Debt until such rights are assigned to the successor agent.
The Collateral Agent will reasonably cooperate in assigning its rights under the Parallel Debt to any such successor agent and will reasonably cooperate in transferring all rights under any Dutch Security Document (as the case may be) to such successor agent.
The retiring Collateral Agent will reasonably cooperate in assigning its rights under the Parallel Debt to any such successor Collateral Agent and will reasonably cooperate in transferring all rights under any Dutch Security Document to such successor Collateral Agent.
Corporate resolutions, being the board resolution and shareholders resolution of Axalta Coating Systems Dutch Holding A B.V., are required in connection with the Dutch Security Document.
For purposes of any Dutch Security Document, any resignation by the Collateral Agent is not effective with respect to its rights under the Parallel Debts until all rights and obligations under the Parallel Debts have been assigned and assumed to the successor Agent appointed in accordance with Section 10.07.
The Agent will reasonably cooperate in assigning its rights under the Parallel Debt European, the German Parallel Debt and the Parallel Debt to any such successor agent and will reasonably cooperate in transferring all rights under any Dutch Security Document (as the case may be) to such successor agent.
The parties hereto acknowledge and agree that, for purposes of a Dutch Security Document, any resignation or removal by the Collateral Agent is not effective with respect to its rights and obligations under the Parallel Debt until such rights and obligations have been assigned to and assumed by a successor Collateral Agent.