Examples of Maximum Secured Amount in a sentence
The Company represents and warrants that, as of the date of this Agreement, the Maximum Secured Amount is not less than the Cap Amount.
If any debt (other than the Endo Secured Intercompany Proceeds Loan) is secured by the Collateral on a junior priority basis, the respective Intercreditor Agreement shall be required to acknowledge that the Endo Maximum Secured Amount shall be entirely allocated to the Secured Obligations and any other debt secured equally and ratably therewith until paid in full in cash.
It is the intention of the parties that the Liens granted pursuant to this Deed of Trust and the other Collateral Documents shall not contravene the limitations on Liens set forth in the Indentures, but insofar as such Liens are on Restricted Property (as defined in any of the Indentures) such Liens on Restricted Property will secure an amount of the Secured Obligations equal to the Maximum Secured Amount (as defined in Section 5.12(d) of the Credit Agreement).
It is understood and agreed that amounts realized upon enforcement of any such security shall be distributed in accordance with the terms hereof or of the Intercreditor Agreement, as the case may be, but in no event shall the amount secured for purposes hereof and thereof exceed the Endo Maximum Secured Amount at such time.
If the aggregate amount of the Pledged Share received upon any enforcement of the Pledged Share by the Security Agent is insufficient to pay or discharge the Secured Obligations in full for any reason, the Pledgor shall not have any liability under this Agreement to pay or otherwise make good any such insufficiency in excess of the Maximum Secured Amount.