Examples of Permitted Revolving Credit Facility in a sentence
Notwithstanding anything herein to the contrary, each Lender also acknowledges that the Lien and security interest granted to the Collateral Agent pursuant to the Security Documents and the exercise of any right or remedy by the Collateral Agent thereunder are subject to the provisions of any Permitted Revolving Credit Facility Intercreditor Agreement.
Without limiting the generality of the foregoing, it is acknowledged and agreed that any Permitted Revolving Credit Facility may have more restrictive terms (such as financial maintenance covenants) than those applicable to the Term Loans and may bear fees and interest rates as may be agreed upon by the Borrower, the Permitted Credit Facility Agent(s) and the Permitted Revolving Credit Lender(s).
In the event of any conflict between the terms of any Permitted Revolving Credit Facility Intercreditor Agreement and the Security Documents, the terms of any Permitted Revolving Credit Facility Intercreditor Agreement shall govern and control.
Immediately notify the Administrative Agent and each Lender, in writing, upon the occurrence of, upon becoming aware of, or upon receipt of notice from a third party of, any Loan Party’s default or an event of default (or any other material notice) under any Permitted Revolving Credit Facility or any other Indebtedness in an aggregate outstanding principal amount of $3,000,000 or more.
Notwithstanding the foregoing, this Section 8.12(a) shall not apply to (and the Borrower and the other Credit Parties shall not be required to grant a Mortgage in) (i) any fee-owned Real Property the Fair Market Value of which is less than $2,500,000 or (ii) any Leasehold (unless, in either case, a Mortgage on any such Real Property (including Leaseholds) is granted (or required to be granted) under the Permitted Revolving Credit Facility Documents).