Parent Undertaking Agreement definition

Parent Undertaking Agreement means the Parent Undertaking Agreement from Trinity in favor of the Indenture Trustee and the Policy Provider, dated May 24, 2006.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Parent Undertaking Agreement means that certain Parent Undertaking Agreement, dated on or around the Closing Date, among the Parent, the SPV and the Administrative Agent.

Parent Undertaking Agreement means the agreement among Muehlstein and the Trustee, dated as of the date hereof, governing the terms and conditions upon which Muehlstein shall cause the performance of certain obligations of the Servicer, as the same may from time to time be amended, modified or otherwise supplemented.

Examples of Parent Undertaking Agreement in a sentence

After giving effect to this Amendment and each of the transactions contemplated by this Amendment, all of the provisions of the Parent Undertaking Agreement shall remain in full force and effect and Airgas, as parent under the Parent Undertaking Agreement, hereby ratifies and affirms the Parent Undertaking Agreement and acknowledges that the Parent Undertaking Agreement has continued and shall continue in full force and effect in accordance with its terms.
Further, the Trustee may exercise any and all rights and remedies under the Parent Undertaking Agreement.
The Servicing Fee shall be payable only from Investor Collections pursuant to, and subject to the priority of payment set forth in, the Supplements; provided, however, that if the Trustee is appointed Successor Servicer, and Investor Collections are insufficient to pay the Servicing Fee in full, the Trustee may seek payment of the Servicing Fee from Muehlstein under the Parent Undertaking Agreement.
The Trustee's Fee shall be payable, first, from Investor Collections pursuant to, and subject to the priority of payment set forth in, Section 5.01 of the applicable Supplement, second, to the extent not paid from Investor Collections, by the Transferor, third, to the extent not paid from Investor Collections or by the Transferor, by the Servicer pursuant to Section 3.02(b) and, fourth, from ▇▇▇▇▇▇▇▇▇▇ pursuant to the Parent Undertaking Agreement.
Each of the parties to the Receivables Servicing Agreement agrees that, with effect from the New Amendment Date, the Receivables Servicing Agreement shall be amended so that, following amendment, it will be in the form which would result from the incorporation of all of the underlined text and the deletion of all of the struck-out text shown in the relevant pages of the Receivables Servicing Agreement attached as Schedule 4 (Parent Undertaking Agreement).

More Definitions of Parent Undertaking Agreement

Parent Undertaking Agreement means the Parent Undertaking Agreement, dated as of December 22, 2000, executed by Airgas for the benefit of the Administrator, as amended, supplemented or otherwise modified from time to time.

Parent Undertaking Agreement means the Parent Undertaking Agreement, dated on or prior to the Closing Date, between Parent and Note Holder in form and substance satisfactory to Note Holder.

Parent Undertaking Agreement means the Parent Undertaking Agreement dated as of August 24, 2001, between the Parent and the Trustee, as the same may be amended, restated, supplemented or otherwise modified.

Parent Undertaking Agreement means the agreement between the Parent and the Trustee, dated as of the date hereof, governing the terms and conditions upon which the Parent shall undertake the performance of certain obligations of each Originator, the Transferor and other Affiliates of the Parent, as Servicer or otherwise, as the same may from time to time be amended, supplemented or otherwise modified.

Parent Undertaking Agreement means the Parent Undertaking Agreement dated as of the date of this Agreement by each of Dal-Tile International and Dal-Tile Group in favor of the Seller, the Agent, the Investors and the Banks, pursuant to which Dal-Tile International and Dal-Tile Group, jointly and severally, guaranty the performance of the obligations of the Originator and the Collection Agent under the Transaction Documents, as the same may be amended, modified or restated from time to time pursuant to the terms thereof.

Parent Undertaking Agreement means the Parent Undertaking Agreement, dated as of December 21, 2000, made by United Rentals in favor of Credit Lyonnais, as Agent, as the same may, from time to time, be amended, modified or supplemented.

Parent Undertaking Agreement means the agreement between the Parent and the Trustee, dated as of the date hereof, governing the terms and conditions upon which Parent shall undertake the performance of certain nonpayment obligations of each Originator, the Transferor and the Servicer (so long as Zenith or any of its Affiliates is Servicer), as the same may from time to time be amended, supplemented or otherwise modified.