Examples of Foothill Loan Agreement in a sentence
Subject to the rights under the Foothill Loan Agreement, during the continuance of an Event of Default, the Collateral Agent may exercise, in addition to all other rights and remedies granted to it in this Agreement and in any other instrument or agreement securing, evidencing or relating to the Obligations, all rights and remedies of a secured party under the Code or any other applicable law.
All proceeds from any such sales of assets shall be paid to the Purchasers for application to the Obligations, subject to the prior rights of any first Lien on such assets pursuant to the Foothill Loan Agreement.
With the exception of Dominion Entertainment, Inc., each Borrower is insolvent which is a default under Section 5.12 of the Foothill Loan Agreement.
The representations and warranties of Borrowers contained herein and in the Foothill Loan Agreement shall be true and correct in all material respects at and as of the Closing Date as though then made.
This includes our obligations and the obligations of the guarantors of the new secured notes under the Foothill Loan Agreement, which are secured by a first priority lien on substantially all of our assets and those of the guarantors (other than real property located in Maryland), as well as other indebtedness secured by liens that would be permitted under the indenture for the new secured notes, all of which effectively rank prior to the new secured notes and old notes, and the subsidiary guarantees.