Examples of Irish Intermediate Holdco in a sentence
The guarantee given by Irish Holdco, Irish Intermediate Holdco and each Borrower in this Article X is a guaranty of payment and not of collection, is a continuing guarantee, and shall apply to all Secured Obligations whenever arising.
Notwithstanding the foregoing, neither Irish Intermediate Holdco, Irish New Intermediate Holdco, nor any Borrower, Co-Borrower, Irish Xxxxx, Horizon or Horizon Pharma shall be permitted to be an Unrestricted Subsidiary.
The Administrative Agent shall have received searches in the Companies Registration Office, the High Court Central Office and the Judgments Office in respect of Irish Holdco, Irish Intermediate Holdco, Irish New Intermediate Holdco, Irish IP Subsidiary, Irish Xxxxx, Irish Opco, each other Subsidiary Guarantor that is incorporated under the laws of the Republic of Ireland and each other Subsidiary that is incorporated under the laws of the Republic of Ireland that will be a signatory to a Loan Document.
Each of Irish Holdco, Irish Intermediate Holdco and each Borrower further agree that they shall have no right of recourse to security for the Secured Obligations, except through the exercise of rights of subrogation pursuant to Section 10.02 and through the exercise of rights of contribution pursuant to Section 10.06.
Each of Irish Holdco, Irish Intermediate Holdco, Irish New Intermediate Holdco and the Borrowers shall become parties to this Agreement after the effectiveness thereof by delivery of an executed joinder agreement substantially in the form of Exhibit D or in such other form reasonably acceptable to such Person and the Administrative Agent (each a “Joinder Agreement”) on or prior to the Closing Date.
Each of Irish Holdco, Irish Intermediate Holdco and each Borrower agree that they shall have no right of subrogation, indemnity, reimbursement or contribution against a Borrower or any other Guarantor for amounts paid under this Article X until such time as the Secured Obligations (other than Unliquidated Obligations for which no claim has been made) have been paid in full in cash and the Commitments have expired or terminated.
The Agents may consult with legal counsel (who may be counsel for Irish Holdco, Irish Intermediate Holdco, Irish New Intermediate Holdco or the Borrowers), independent accountants and other experts selected by them, and shall not be liable for any action taken or not taken by them in accordance with the advice of any such counsel, accountants or experts.
Each of Irish Holdco, Irish Intermediate Holdco and the Borrowers agree that, in connection with payments made hereunder, Irish Holdco, Irish Intermediate Holdco, the Borrowers and each other Guarantor shall have contribution rights against the other Guarantors as permitted under applicable law.