Examples of Media LLC in a sentence
No Seller has outstanding any security of any kind, except membership interests issued to Media LLC or Outernet, as applicable, in connection with its organization, and has not incurred, assumed, guaranteed or otherwise become directly or indirectly liable for, or in respect of, any Debt and no Person has any commitment or other arrangement to extend credit to any Seller, in each case, other than as will occur in accordance with the Transaction Documents.
Upon the occurrence and during the continuance of an Event of Termination, the Administrative Agent may (with the consent of the Majority Group Agents) and shall (at the direction of the Majority Group Agents) designate as Servicer any Person (including itself) to succeed Media LLC or any successor Servicer, on the condition in each case that any such Person so designated shall agree to perform the duties and obligations of the Servicer pursuant to the terms hereof.
The Sellers and various others are parties to a certain Amended and Restated Receivables Purchase Agreement, dated as of July 19, 2019 among Outfront Media Receivables LLC, as QRS Seller, Outfront Media Receivables TRS, LLC, as TRS Seller, Outfront Media LLC, as Servicer, the Purchasers party thereto, the Group Agents party thereto and MUFG Bank, Ltd.
Until the Administrative Agent gives notice to Media LLC (in accordance with this Section 9.01) of the designation of a new Servicer, Media LLC is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms hereof.