Examples of Pledge Permit in a sentence
Each of Level 3 and the Borrower will endeavor, and cause Global Crossing, the direct parent of Global Crossing and each other applicable Subsidiary of Level 3 to endeavor, in good faith using commercially reasonable efforts to cause the Global Crossing Pledge Permit Condition to be satisfied at the earliest practicable date with respect to Global Crossing, any Global Crossing Successor Entity and any Global Crossing Parent Entity, as applicable.
The provisions of this Permit do not derogate from the provisions of the law, including with regard to the powers of the Ministers and the Director General of the Ministry of Communications pursuant to the Communications Law, Communications Order, the Control Permit for Individuals and the Pledge Permit.
The rights, powers and discretions conferred upon the Security Agent by this Agreement shall be supplemental to the Trustee Xxx 0000 and the Trustee Xxx 0000 and in addition to any which may be vested in the Security Agent by general law or otherwise, but subject to the Communications Order, the Communications Law and the Pledge Permit.
Each of the Parties agrees that the Security Agent shall have only those duties, obligations and responsibilities expressly specified in this Agreement or in the Security Documents to which the Security Agent is expressed to be a party (and no others shall be implied), in each case where applicable subject to the terms of the Communications Law, the Communications Order and the Pledge Permit.
No person providing hedging arrangements to any Debtor shall be entitled to share in any of the Transaction Security unless that person is or becomes a Party as a Hedge Counterparty in accordance with this Agreement and is identified or defined as a one of the “Gufim Megadrim” in the Pledge Permit.
None of the Security Agent, any Receiver or any Delegate is entitled to delegate (whether by power of attorney or otherwise) to any person for any period, any of the rights, powers and discretions vested in it by any of the Debt Documents if, or to the extent that, such delegation would be prohibited under the Pledge Permit, the Communications Law or the Communications Order.
Subject to the terms and conditions of the Pledge Permit, the Communications Law and the Communications Order, the rights and remedies provided in this Agreement are cumulative and not exclusive of any rights or remedies provided by law.
In accordance with the Security Documents, the enforcement of any of the Control Share Pledges and the transfer of the shares pledged thereunder will be effected subject to applicable Israeli law, including the Communications Law, the Communications Order, the Control Permits (as such term is defined in the Pledge Permit) and the Licenses.
No Party may assign any of its rights and benefits or transfer any of its rights, benefits and obligations in respect of any Debt Documents or the Liabilities except as permitted by this Clause 18 and, where applicable, in accordance with the terms of the Pledge Permit.
Subject to the terms and conditions of the Pledge Permit, the Senior Secured Notes Finance Parties and the Senior Secured Noteholders may amend or waive the terms of the Senior Secured Notes Finance Documents in accordance with the terms of the Senior Secured Notes Finance Documents (and subject to any Consent required under them) at any time.