Examples of International Collateral in a sentence
Executive agrees that, during the Restricted Period, Executive shall not, without the prior written consent of Employer, directly or indirectly, on Executive’s own behalf or as a Principal or Representative of any Person, solicit, divert, take away, or attempt to solicit, divert, or take away a Protected Customer for the purpose of engaging in, providing, or selling Competitive Services.
Thereafter, it shall be binding upon and inure to the benefit of, but only to the benefit of the Borrower (in each case except for Article 10), the Administrative Agent, the International Collateral Agent, each Lender and L/C Issuer and, to the extent provided in Section 10.11 , each other Indemnitee.
The Liens created by the International Security Documents will constitute valid and perfected Liens on the International Collateral described therein subject in priority to no other Liens whatsoever.
Each Lender and L/C Issuer hereby directs the Administrative Agent and the International Collateral Agent, as applicable, and the Administrative Agent and International Collateral Agent (as applicable) hereby agree, upon receipt of reasonable advance notice from the Borrower, to execute and deliver or file such documents and to perform other actions reasonably necessary to release such Liens when and as directed in this Section 10.10.
Each payment undertaking of an International Loan Party to the International Collateral Agent under this Section 10.12 is hereinafter to be referred to as a “Parallel Debt”.
Any such Person shall benefit from this Article 10 to the extent provided by the Administrative Agent and the International Collateral Agent.
The Administrative Agent shall have received at least five Business Days prior to the Closing Date all documentation and other information required by the Administrative Agent, the International Collateral Agent, the Lenders or any regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the PATRIOT Act, in connection with the International Revolving Credit Facility.
The Administrative Agent and the International Collateral Agent may, upon any term or condition it specifies, delegate or exercise any of its rights, powers and remedies under, and delegate or perform any of its duties or any other action with respect to, any International Loan Document by or through any trustee, co-agent, employee, attorney-in-fact and any other Person (including any International Secured Party).
Nothing contained in this Section 11.14 shall affect the right of the Administrative Agent, the International Collateral Agent or any Lender to serve process in any other manner permitted by applicable Requirements of Law or commence legal proceedings or proceed against any International Loan Party in any other jurisdiction.
Each of the Administrative Agent, the International Collateral Agent, each Lender and each L/C Issuer agrees promptly to notify the Borrower and the Administrative Agent after any such setoff and application made; provided, however, that the failure to give such notice shall not affect the validity of such setoff and application.