Other Loan definition
Examples of Other Loan in a sentence
Reference to and Effect on the Credit Agreement and the Other Loan Documents.
Reference to and Effect on the Loan Agreement and the Other Loan Documents.
The Company acknowledges that the Lender will pledge its rights under this Agreement, the Notes, the Mortgage and the Other Loan Documents to the Collateral Agent pursuant to the Issuer Security Agreement to secure the Lender's obligations under the Indenture and the Secured Notes.
If any Other Mortgaged Rig or the Capital Stock of a Subsidiary Guarantor then owning an Other Mortgaged Rig is sold in compliance with the terms of the Indenture, the Company shall apply funds equal to the applicable Other Loan secured by the Other Mortgaged Rig outstanding on the Sale Date for such Other Mortgaged Rig, together with all accrued and unsecured interest (including Special Interest, if any, and Additional Amounts, if any) thereon, to the payment of such Other Loan.
If an Event of Loss occurs at any time with respect to any Other Mortgaged Rig, the Indenture and the applicable Other Loan Agreement require that the Company shall apply funds to the principal amount of the applicable Other Loan secured by the Other Mortgaged Rig outstanding on the Loss Date for such other Mortgaged Rig, together with all accrued and unpaid interest (including Special Interest, if any, and Additional Amounts, if any) thereon, to the payment of such Other Loan.