Examples of Other Margin Loan in a sentence
Each of the Borrower and the Guarantor is, and upon the incurrence of any Obligations (and any obligations under the Other Margin Loan Documents) by the Borrower on any date on which this representation and warranty is made or deemed made, each of the Borrower and the Guarantor will be, Solvent.
Except for the Liens created by the Loan Documents, the Other Margin Loan Documents, any transaction permitted under Sections 7.04, 7.05 or 7.07 hereunder and under Sections 7.04, 7.05 or 7.07 under the Other Margin Loan Agreement and other Permitted Liens and “Permitted Liens” under the Other Margin Loan Documents, the assets of the Borrower are subject to no Liens.
In addition, the Borrower shall have received the prior written consent of the Administrative Agent prior to entering into any amendment, modification, supplement or adjustment to any Other Margin Loan Document that would increase the amount of the loan thereunder or otherwise be adverse to the Lenders.
The Borrower shall not dissolve, liquidate, merge or consolidate with or into another Person, or Dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any Person other than to the Secured Parties as provided in the Loan Documents (or the “Secured Parties” under (and as defined in) the Other Margin Loan Documents).
Other than the Loan Documents, the Other Margin Loan Documents, any agreements not prohibited under the Loan Documents (including agreements with respect to Permitted Liabilities) or the Other Margin Loan Documents, the Borrower’s Organization Documents and the documents whereby the Borrower acquired the Pledged Shares and other Collateral, the Borrower is not, nor has it been since its formation, a party to any contract or other agreement or arrangement.
Subject to Section 6.12(b) below, the Collateral shall be substantially identical to the collateral securing the Other Margin Loan such that (x) the LTV Ratio shall be the same as the LTV Ratio (as defined in the Other Loan Agreement), and (y) the proportion of the Collateral constituting cash shall be substantially similar to the proportion of the collateral for the Other Margin Loan which constitutes cash.
In addition, the Borrower shall have received the consent of the Administrative Agent prior to entering into any amendment, modification or supplement to any Other Margin Loan Document that would increase the amount of the loan thereunder or otherwise be adverse to the Lenders.
Other than the Loan Documents, the Other Margin Loan Documents, any agreements permitted under the Loan Documents or the Other Margin Loan Documents, the Borrower’s Organization Documents and the documents whereby the Borrower acquired the Pledged Shares and other Collateral, the Borrower is not, nor has it been since its formation, a party to any contract or other agreement or arrangement.
The Administrative Agent hereby acknowledges and agrees that it consents to the Other Margin Loan Amendment (as defined below) in accordance with Section 6.13 of the Margin Loan Agreement.