Obligor Accession Deed definition

Obligor Accession Deed means a deed of accession pursuant to which any person or entity accedes, inter alia, to the Credit Agreement as Additional Borrower.

Obligor Accession Deed means a deed in substantially the form set out in Schedule 1 (Form of Obligor Accession Deed).

Obligor Accession Deed means a document substantially in the form set out in Schedule 11 (Form of Obligor Accession Deed);

Examples of Obligor Accession Deed in a sentence

• Xxxxxxx Holding will procure that any Obligor which is an Intra-Group Creditor of another Group Company in respect of an intra-group loan and is not party to this Deed will to the extent permitted by applicable law become an Intra-Group Creditor for the purpose of this Deed promptly after entering into such intra-group loan by executing an Obligor Accession Deed in such capacity.

• The Parent will procure that any Group Company (other than Dormant Companies which remain Dormant Companies at all times) which is an Intra-Group Creditor of another Group Company in respect of an intra-group loan will become an Intra-Group Creditor for the purpose of this deed by executing an Obligor Accession Deed in such capacity.

• Each of the Parties appoints the Security Trustee to receive on its behalf each Obligor Accession Deed and Lender Accession Deed delivered to the Security Trustee and to accept and sign it if, in the Security Trustee’s opinion, it is complete and appears on its face to be authentic and duly executed and until accepted and signed by the Security Trustee that document shall not be effective.

• This guarantee does not apply to any liability to the extent that it would result in this guarantee constituting unlawful financial assistance within the meaning of sections 678 or 679 of the Companies Act 2006 or any equivalent and applicable provisions under the laws of the Original Jurisdiction of the relevant Guarantor and, with respect to any Additional Guarantor, is subject to any limitations set out in the Obligor Accession Deed applicable to such Additional Guarantor.

• No UK Obligor Accession Deed shall be effective unless and until accepted and signed by the Trustee.

• Each of the Administrative Agent and the Secured Parties appoints the Trustee to receive on its behalf each UK Obligor Accession Deed delivered to the Trustee and to accept and sign it if, in the Trustee’s opinion, it is complete and appears on its face to be authentic and duly executed.

• And when the birch trees grow to maturity, they might be used to create valuable hardwood flooring or other fine wood products.

• A copy of the board resolution of the Additional Borrower if applicable, approving the terms of, the transactions contemplated by, and the execution, delivery and performance of the Obligor Accession Deed and the Finance Documents to which it is acceding.

• A copy of any other authorisation or other document, opinion or assurance which the Facility Agent, acting reasonably having regard to the Security Principles, notifies KDG is necessary in connection with the entry into and performance of, and the transactions contemplated by, the Obligor Accession Deed or for the validity and enforceability of any Finance Document.

• Evidence that all expenses due and payable from KDG under this Agreement in respect of the Obligor Accession Deed have been paid.

More Definitions of Obligor Accession Deed

Obligor Accession Deed means a deed substantially in the form set out in Schedule 3 (Obligor Accession Deed) under which a member of the Group becomes a party to this Agreement.

Obligor Accession Deed means a deed substantially in the form set out in schedule 3 under which a Group Company becomes a party to this deed;

Obligor Accession Deed means a deed substantially in the form of Schedule 8 (Form of Obligor Accession Deed), with such amendments as the Facility Agent and KDG may agree.

Obligor Accession Deed means a deed substantially in the form of Schedule 4 (Form of Obligor Accession Deed), with such amendments as the Purchaser and the Parent may agree (acting reasonably).

Obligor Accession Deed means an Obligor Accession Deed substantially in the form of Exhibit K, or such other form as may be approved by the Administrative Agent, pursuant to which an Obligor shall become a party to the Intercreditor Deed.

Obligor Accession Deed means each memorandum to be entered into pursuant to Clause 14 (Changes to the Parties) which is substantially in the form set out in Part 2 of Schedule 3 (Accession Mechanics) by which a member of the Group accedes to this Deed as an Additional Obligor.