Examples of Note Secured Parties in a sentence
All Proceeds while held by the Agent in a Collateral Account (or by such Grantor in trust for the Note Secured Parties) shall continue to be held as collateral security for all the Secured Obligations and shall not constitute payment thereof until applied as provided in Section 5.4.
This Agreement shall be binding upon the successors and assigns of each Grantor and shall inure to the benefit of the Note Secured Parties and their successors and assigns; provided that no Grantor may assign, transfer or delegate any of its rights or obligations under this Agreement without the prior written consent of the Agent (other than pursuant to a transaction permitted under Section 4.21 of the Indenture) and any such assignment, transfer or delegation without such consent shall be null and void.
The powers conferred on the Note Secured Parties hereunder are solely to protect the Note Secured Parties’ interests in the Collateral and shall not impose any duty upon any Note Secured Party to exercise any such powers.
This Agreement and the other Transaction Documents represent the entire agreement of the Grantors, the Agent and the other Note Secured Parties with respect to the subject matter hereof and thereof, and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof and thereof.
No Note Secured Party shall have any right individually to realize upon any of the Collateral or to enforce any guarantee of the Secured Obligations except to the extent expressly contemplated by this Agreement or the other Transaction Documents, it being understood and agreed that all powers, rights and remedies under the Transaction Documents may be exercised solely by the Agent on behalf of the Note Secured Parties in accordance with the terms thereof.