Lender Secured Parties definition
Examples of Lender Secured Parties in a sentence
The Administrative Agent shall have no obligation to calculate the amount to be distributed with respect to any Bank Product Debt, but may rely upon written notice of the amount (setting forth a reasonably detailed calculation) from the applicable Lender Secured Parties.
Each Security Document delivered pursuant to this Agreement will, upon execution and delivery thereof, be effective to create in favour of the Collateral Agent for the benefit of, inter alios, the Lender Secured Parties, a legal, valid and enforceable Lien in the Collateral described therein to the extent intended to be created thereby and required to be perfected therein under the Loan Documents.
Administrative Lender, Secured Parties and Debtor have entered into the Credit Agreement dated as of September 17, 1997 (as the same may be supplemented, amended and modified from time to time, being the "Credit Agreement").
The provisions of the Collateral Documents are effective to create in favor of the Collateral Agent for the benefit of the Lender Secured Parties a legal, valid and enforceable first priority Lien (subject to Permitted Liens) on all right, title and interest of the respective Loan Parties in the Collateral described therein securing the Bank Obligations in the manner contemplated by the Collateral Agent Agreement.
The Successor Servicer shall not take any action to impair the Administrator’s (for the benefit of the Lender Secured Parties) security interest in any Receivable, except to the extent allowed pursuant to the Agreement or required by law.