Examples of Obligor Parties in a sentence
Each of the Obligor Parties hereby ratifies and confirms, on behalf of itself and each other Guarantor, the Guarantors’ obligations under the Affiliate Guaranty and hereby represents and acknowledges, on behalf of itself and each other Guarantor, that the Guarantors have no claims, counterclaims, offsets, credits or defenses to the Loan Documents or the performance of their obligations thereunder.
None of the Obligor Parties is in default under or with respect to any of its Contractual Obligations in any respect that would reasonably be expected to result in a Material Adverse Effect, and no Default or Event of Default has occurred and is continuing.
Each of the Obligors shall (and shall ensure other Obligor Parties will), at their own costs, take any action and enter into and deliver any document which is reasonably required by the Security Agent so that a Transaction Security Document provides for effective and perfected security in favour of the Security Agent or any successor Security Agent.
The Obligor Parties will promptly, and in any event within ten (10) Business Days after a Responsible Officer obtains notice thereof, provide the Administrative Agent with any change in the information provided in the Beneficial Ownership Certificate that would result in a change to the list of beneficial owners identified in parts (c) and (d) of such certificate.
None of the Obligor Parties has breached any applicable law, rule, regulation or any agreements which breach, and no amount that is payable by any Obligor Party under any applicable law, rule, regulation or any agreements or any Authorisation has not been paid where such failure to pay, has or is reasonably likely to have a Material Adverse Effect or result in revocation or non-renewal of IDC Licenses.
With respect to its Commitments and Loans, each Agent in its individual capacity and not as Agent shall have the same rights and powers as any other Lender and may exercise the same as though it were not an Agent, and the Agents and their Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the Obligor Parties or their Affiliates as if it were not an Agent.
Any litigation, arbitration or administrative proceedings are current or, to the Obligor Parties’ knowledge pending or threatened against any of Obligor Parties, if adversely determined, are reasonably likely to have a Material Adverse Effect.
Each Secured Party and each of the Obligors shall (and the Borrowers shall ensure other Obligor Parties will) supply the Security Agent with any information that the Security Agent may reasonably specify as being necessary or desirable to enable it to perform its functions under this Clause.
Loan Obligor Parties shall not, and shall not permit any of their respective Affiliates to, use Lenders’ name (or the name of any of Lenders’ Affiliates) in connection with any of its business operations, including advertising, marketing or press releases or such other similar purposes, without Lender’s prior written consent, not to be unreasonably withheld, conditioned or delayed.
Subject to paragraph (c)(ii) of this Section, the Obligor Parties agree that each Participant shall be entitled to the benefits of Sections 2.15, 2.16 and 2.17 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section 9.04.