Examples of Partnership Obligors in a sentence
In regard to repayment of such intercompany Debt, Administrative Agent is hereby authorized by Lenders to execute and deliver such releases of Cellular Partnership Obligors upon ten (10) Business Days prior written request by Borrower supported by evidence that such intercompany Debt has been terminated and repaid in full and accompanied by appropriate release instruments, which must be in form and substance satisfactory to Administrative Agent.
In regard to repayment of such intercompany Debt, Collateral Agent is hereby authorized by Lenders to execute and deliver such releases of Cellular Partnership Obligors upon ten (10) Business Days prior written request by Borrower supported by evidence that such intercompany Debt has been terminated and repaid in full and accompanied by appropriate release instruments, which must be in form and substance satisfactory to Collateral Agent.
To the extent required by the laws of any state where a Partnership Obligor conducts its business or owns property, the Partnership Obligors are duly qualified to do business in such states as partnerships organized under the laws of a different jurisdiction except where the failure to so qualify would not have a Material Adverse Effect.
Each of Pledgor and any other Obligor identified as a partnership in any of the Loan Documents (collectively, "Partnership Obligors," and individually a "Partnership Obligor") is a partnership duly organized, validly existing and in good standing under the laws of that Obligor's state of organization, and no events have occurred which have or would result in dissolution or winding up of the affairs of any of the Partnership Obligors.
Notwithstanding the provisions of SECTION 6.1 hereof, until such time as Agents or Required Lenders otherwise require, the Companies and the Cellular Partnership Obligors shall not be required to perfect Liens on any assets described in SECTIONS 6.1(e), (f), (g), and (h) or to grant specific assignments of easements, licenses, permits, certificates of compliance, and certificates of approval issued by regulatory authorities, franchises, or like grants of authority or service agreements.
To the extent Agents or Required Lenders agree to delay the perfection or attachment of any Lien granted pursuant to SECTION 6.1 hereof, pursuant to the foregoing sentence or for any other reason, the Companies and the Cellular Partnership Obligors hereby covenant and agree not to directly create, incur, grant, suffer, or permit to be created or incurred any Lien on any such assets, OTHER THAN Permitted Liens.
To the extent contemplated by the first sentence of this SECTION 6.6 or to the extent Administrative Agent and Required Lenders otherwise agree to delay the perfection or attachment of any Lien contemplated by SECTIONS 6.2 or 6.4 hereof, for whatever reason, the Companies and the Cellular Partnership Obligors hereby covenant and agree not to directly create, incur, grant, suffer, or permit to be created or incurred any Lien on any such assets, OTHER THAN Permitted Liens.