Examples of New Parent Borrower in a sentence
This Agreement is a Loan Document and New Parent Borrower hereby confirms and agrees that, except as expressly supplemented hereby, each of the other Loan Documents is in full force and effect.
New Parent Borrower expressly agrees that it has read, approved and will comply with and be bound by all of the terms, conditions, and provisions contained in the Loan Documents.
From and after the date hereof, (i) all references to the term “Dutch Borrower”, “Parent Borrower” and “Borrower” in the Credit Agreement or any other Loan Document shall be deemed to be a reference to, and shall include, the New Parent Borrower and (ii) all references to the term “Grantor” (or any equivalent term) in any Collateral Document to which Previous Parent Borrower was a party shall be deemed to be a reference to, and shall include, the New Parent Borrower.
New Parent Borrower specifically agrees that the Notes are recourse and Agent’s remedies shall not in any respect or extent be limited solely to the Mortgaged Property or any other collateral securing the Obligations.
New Parent, Borrower, the other Guarantors and Administrative Agent have duly executed this Agreement as of the day and year first above written.
New Parent Borrower after the execution and delivery hereof is and shall be the “Parent Borrower” under the Loan Documents.
The New Parent Borrower hereby ratifies and confirms the validity of, and all of its obligations and liabilities (including the Obligations) under, the Credit Agreement and such other Loan Documents.
This Agreement shall be binding upon and inure to the benefit of the U.S. Borrower and New Parent Borrower and their respective successors and assigns, and the Administrative Agent, the Collateral Agent and the Lenders and their respective successors and permitted assigns.
Without limiting the generality of the foregoing, New Parent Borrower expressly assumes the obligation to pay all amounts under the Notes and the Credit Agreement as they become due.
AXALTA COATING SYSTEMS U.S. HOLDINGS, INC., as U.S. Borrower By: Name: Title: [ ], as New Parent Borrower By: Name: Title: Acknowledged by: BARCLAYS BANK PLC, as Administrative Agent and Collateral Agent By: Name: Title: EXHIBIT A to BORROWER ASSIGNMENT AND ASSUMPTION AGREEMENT RESPONSIBLE OFFICER’S CERTIFICATE OF AXALTA COATING SYSTEMS U.S. HOLDINGS, INC.