Other Facility definition
Examples of Other Facility in a sentence
The Repurchase Obligations and all Other Facility RepurchaseRepayment Obligations shall be full recourse to Seller, and limited recourse to Guarantor as set forth in the Guarantee Agreement, it being expressly agreed that Seller is liable to each Other Facility BuyerLender for all obligations of the respective sellerseach Other Facility Borrower under each Other RepurchaseFacility Agreement, including, without limitation, the related Other Facility RepurchaseRepayment Obligations.
The security interests of the Other Facility BuyersLenders granted herein shall be, and Seller hereby represents and warrants to Buyer and all other Affiliated Hedge Counterparties that it is, a perfected security interest subordinate in priority only to the security interests of Buyer.
The preceding subordination of each Other Facility BuyerLender’s security interest in the Collateral affects only the relative priority of each Other Facility BuyerLender’s security interest in the Collateral, and shall not subordinate any Other Facility RepurchaseRepayment Obligations in right of payment to the Repurchase Obligations.
Notwithstanding the foregoing, the Repurchase Obligations and all Other Facility RepurchaseRepayment Obligations shall be full recourse to Seller.