Examples of Preferred Equity Documents in a sentence
In the event of any conflict, ambiguity or inconsistency between the terms and conditions of this Agreement and the terms and conditions of any of the Holdco Preferred Equity Documents, the terms and conditions of this Agreement shall control.
Without limiting the foregoing, no Credit Party is a party to or bound by an agreement (other than in the case of Borrower, the Convertible Preferred Equity Documents) or subject to any order of any Governmental Authority which prohibits or restricts in any way the right of such party to make Distributions other than restrictions binding on the Credit Party set forth in this Agreement.
Notwithstanding anything to the contrary herein, in no event shall Holdings and its Subsidiaries create, incur, assume or suffer to exist any Indebtedness such that the Maximum Leverage Ratio (as defined in the Holdings Preferred Equity Documents (as in effect on the Closing Date or as amended to the extent expressly consented to by the Administrative Agent)) on a pro forma basis after giving effect to any contemporaneous transaction contemplated therewith, is exceeded.
The Administrative Agent shall have received written evidence, in form and substance satisfactory to the Administrative Agent, that the holders of the Holdings Preferred Equity have approved the transactions contemplated by this Amendment No. 1 pursuant to the terms of the Holdings Preferred Equity Documents.
The Borrower shall have entered into the Preferred Equity Documents, received the gross proceeds thereunder and such Preferred Equity Documents shall as in full force and effect.