Examples of Group Secured Parties in a sentence
The sole remedy of the Trust, the Master Collateral Agent, the Owner Trustee, each Indenture Trustee and the applicable Group Secured Parties for any extension, modification, amendment, cancellation or waiver of a Group Receivable or any terms thereof under Section 3.2(b), or a breach of the covenants made by the Servicer in Section 3.2(c) or (d) is the Servicer’s acquisition of the Group Receivables, as described under this Section 3.3.
The Bank Group Secured Parties, and their respective successors and assigns are intended to be third party beneficiaries of this Agreement.
Except for the parties to this Agreement to the extent aforesaid, the Bank Group Secured Parties, and their respective successors and assigns, no other Person shall have or be entitled to assert rights or benefits hereunder without the consent of the parties hereto.
The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Sponsor, on the one hand, and the Bank Group Secured Parties, on the other hand.
The provisions of this Agreement shall be binding upon the Borrower, the Sponsor, the Bank Group Administrative Agent, and their respective successors and assigns, as well as the other Bank Group Secured Parties, all of whom are bound by this Agreement.
The provisions of this Agreement shall inure to the benefit of Sponsor, the Bank Group Administrative Agent, the Bank Group Secured Parties and their respective successors and permitted assigns.
The Bank Group Administrative Agent, for itself and on behalf of the other Bank Group Secured Parties, agrees that it will not at any time contest by judicial proceeding the validity, perfection, priority or enforceability of the Sponsor Lien or the Sponsor Loan Documents or the enforceability of this Agreement.
CPF and the Secured Parties and the Group Secured Parties for each Group hereby agree that, if any funds remain on deposit in the Collection Account or the Group Collection Account for any Group after the termination of this Indenture, such amounts shall be released by the Trustee and paid to CPF.
Each Bank Group Loan Party and the Bank Group Representative, on behalf of itself and the Bank Group Secured Parties, agrees that it shall not at any time execute or deliver any amendment or other modification to any of the Bank Group Documents inconsistent with or in violation of this Agreement.
In addition to any rights and remedies now or hereafter granted hereunder or under applicable law with respect to the Collateral and the Group Specific Collateral for any Group, the Trustee on behalf of the Secured Parties and/or Group Secured Parties for such Group, as the case may be, shall (subject to the foregoing provisions in respect of the Applicable CPF Trucks) have all of the rights and remedies of a secured party under the UCC as enacted in any applicable jurisdiction.