Participating Counterparties definition
Examples of Participating Counterparties in a sentence
The parties further agree that the running of all statutes of limitation and the doctrine of laches applicable to all claims or causes of action that the Participating Counterparties may be entitled to take or bring in order to enforce their rights and remedies against the Seller Entities are, to the fullest extent permitted by law, tolled and suspended during the Forbearance Period.
The Companies are party to various repurchase agreements and other related agreements with the Participating Counterparties, as well as certain other agreements with the Participating Counterparties, including those set forth on Schedule 2 (such agreements, collectively, the “Applicable Agreements”); provided, however, that the agreements identified as “JV Applicable Agreements” on Schedule 2 shall be Applicable Agreements only to the extent of the ownership interests of AG Mortgage Investment Trust, Inc.
The defendant has maintained that his “target” was Udecott and not NH or ▇▇▇▇▇.
Schedule 3.7 constitutes a complete list of all agreements between each Debtor and the Participating Counterparties.
Each Debtor is a party to the repurchase agreements and related agreements listed on Schedule 3.7 with Participating Counterparties (the “Applicable Agreements”).
Following liquidation thereof pursuant to the Security and Collateral Agency Agreement, the Designated Assets shall be applied and paid to Participating Counterparties based upon each Participating Counterparty’s Pro Rata Realized Losses.
The Collateral Agent shall only transfer all or any portion of its rights and obligations as Collateral Agent under this Agreement to any other Person to the extent consented to in writing by the Majority Participating Counterparties.
All proceeds payable to any Debtor of any insurance on the Collateral (the “Insurance Proceeds”) shall be paid to the Collateral Agent for the benefit of the Participating Counterparties.
Upon the occurrence and during the continuance of an Event of Default, the Collateral Agent may, at its option acting at the direction of the Participating Counterparties in accordance with Section 5.2, act as each such Debtor’s attorney-in-fact in obtaining, adjusting, settling and compromising such insurance and endorsing any drafts.
If, however, a successor collateral agent is not appointed by the Majority Participating Counterparties within 90 days after the giving of notice of resignation, the Collateral Agent may petition a court of competent jurisdiction for the appointment of a successor collateral agent.