Examples of Note Obligations in a sentence
In furtherance of the foregoing, at all times prior to the discharge of Note Obligations, the Pledgor shall refrain from taking any action or commencing any proceeding against any Borrower Entity (or its successors or assigns, whether in connection with a bankruptcy proceeding or otherwise) to recover any amounts in respect of payments made by the Pledgor under this Agreement to any Secured Party.
Until the irrevocable and indefeasible discharge in full of the Note Obligations, the Sponsor Entities shall not (and the Sponsor Entities shall procure that none of its Affiliates, as applicable, shall) accelerate the repayment of any Subordinated Debt without the prior written consent of the Collateral Agent (acting at the instruction of DOE).
The Pledgor shall not seek or be entitled to seek any contribution, indemnity or reimbursement from any Borrower Entity, in respect of any payment made under any Financing Document or otherwise, at any time on or prior to the discharge of Note Obligations.
The Pledgor hereby agrees that all Indebtedness owed to it by any Borrower Entity shall be fully subordinated to the payment in full in cash of the Note Obligations; provided, that the Pledgor will be entitled to retain the proceeds of any payments made by the Borrower in compliance with Section 9.04 (Restricted Payments) of the Loan Agreement.
The Sponsor Entities shall not set off, counterclaim or otherwise reduce any payment obligation of any Sponsor Entity to any Borrower Entity against any payment which is required to be deferred under the provisions of this Article VI until the irrevocable and indefeasible discharge in full of the Note Obligations.