Examples of German Loan Parties in a sentence
The German Borrowing Base shall be deemed to be $0 until an initial field examination and inventory appraisal reasonably satisfactory to the Administrative Agent shall have been conducted with respect to the applicable assets of the German Loan Parties.
With respect to the Post-Closing Reaffirming German Loan Parties, use all commercially reasonable efforts to cause each such person and each Subsidiary Loan Party that is a subsidiary of such person to provide reasonably satisfactory evidence of the continuing first-priority perfected Liens under the Security Documents after giving effect to the Transactions.
In addition, any insurance proceeds from any Collateral pledged by the Canadian Loan Parties, the German Loan Parties or the UK Loan Parties shall not be available to pay any Domestic Obligations (other than the Canadian Liabilities, the German Liabilities and the UK Liabilities).
For the avoidance of doubt, the German Loan Parties hereby acknowledge that none of the Receivables of Xxxx+Xxxxxx will be Eligible Receivables of the German Loan Parties while the German Factoring Arrangement is in full force and effect.
The failure of the German Borrower or the other German Loan Parties to comply with their agreements in the preceding sentence shall constitute an Event of Default under the Existing Credit Agreement.
Cause the Fiscal Year of (i) the Parent and its domestic Subsidiaries to end on the last Friday in December of each calendar year and (ii) the German Loan Parties to end on December 31 of each calendar year, in each case, unless the Agent consents to a change in such Fiscal Year (and appropriate related changes to this Agreement).
On the Closing Date, the German Borrowers shall and shall cause each of the other German Loan Parties to establish and maintain a German Collection Deposit Account for each German Loan Party.
Xxxxxx Title: Executive Vice President, General Counsel and Chief Compliance Officer VENATOR HOLDINGS GERMANY GMBH SILO PIGMENTE GMBH VENATOR PIGMENTS HOLDING GMBH VENATOR WASSERCHEMIE HOLDING GMBH, as German Loan Parties By: /s/ Xxxx X.
NBD Bank has appointed its Affiliate, The First National Bank of Chicago, to act as a sub-agent in respect of the German Loan Parties and Loans and payments to be made hereunder in Deutschemarks.