Examples of International Secured Parties in a sentence
The rights under this Section 11.8 are in addition to any other rights and remedies (including other rights of setoff) that the Administrative Agent, the International Collateral Agent, the Lenders and the L/C Issuers and their Affiliates and other International Secured Parties may have.
Velocity will pay the principal amount of the Notes upon the earlier of maturity or redemption.
All uses of an E-System shall be governed by and subject to, in addition to Section 11.11 and this Section 11.12, separate terms and conditions posted or referenced in such E-System and related Contractual Obligations executed by International Secured Parties and the International Loan Parties in connection with the use of such E-System.
Each Lender and L/C Issuer hereby consents to the automatic release and hereby directs the Administrative Agent and the International Collateral Agent, as applicable, to release or subordinate any Lien held by the International Collateral Agent for the benefit of the International Secured Parties in accordance with the International Security Documents.
A Lender may cure its status as a Non-Funding Lender under clause (a) of the definition of “Non-Funding Lender” if such Lender fully pays to the Administrative Agent, on behalf of the applicable International Secured Parties, the Aggregate Excess Funding Amount, plus all interest due thereon, and timely funds the next Loan required to be funded by such Lender or makes the next reimbursement required to be made by such Lender.
Once per calendar month, and in any event no later than the 15th day of each month (or if such day is not a Business Day, the immediately preceding Business Day), the Parent shall deliver a reasonably detailed report describing its progress in perfecting sufficient Receivables pledged in favor of the International Collateral Agent for the benefit of the International Secured Parties to permit the Commitments to be fully utilized in accordance with Section 2.3(a).
The U.S. Revolver Secured Parties and International Secured Parties agree that none of them shall be entitled to benefit from any avoidance action affecting or otherwise relating to any distribution or allocation made in accordance with this Agreement, whether by preference or otherwise, it being understood and agreed that the benefit of such avoidance action otherwise allocable to them shall instead be allocated and turned over for application in accordance with the priorities set forth in this Agreement.
The rights and remedies of the Agents and the other International Secured Parties hereunder and under the other International Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have.
Xxxxxxx Title: Director SOCIÉTÉ GÉNÉRALE, as International Collateral Agent for and on behalf of the International Secured Parties By: /s/ Xxxxxxx X.
The powers conferred on the Agents hereunder, for the benefit of such Agents and the other International Secured Parties, under this Section 6.06 are solely to protect such Agents’ interests in the Collateral and shall not impose any duty upon such Agents or any other International Secured Party to exercise any such powers.