Preferred Equity Holder definition
Examples of Preferred Equity Holder in a sentence
If any lien or security interest granted to Lender under the Loan Documents is or becomes, for any reason, unenforceable or unperfected, such unenforceability or lack of perfection shall not affect the relative rights, as between Lender and Holdco Preferred Equity Holder, which are intended to be created by the Loan Documents and this Agreement.
This Agreement shall bind all successors and permitted assigns of Holdco Preferred Equity Holder and Lender and shall inure to the benefit of all successors and permitted assigns of Lender and Holdco Preferred Equity Holder.
Holdco Preferred Equity Holder will not contest the enforceability or perfection of any portion of the Loan Documents.
Holdco Preferred Equity Holder agrees that notwithstanding that it is not a party to the Loan Agreement, it is bound by, and shall comply with, the terms and conditions of Section [__4.14__] of the Loan Agreement, as if such terms and conditions were set forth herein.
Holdco Preferred Equity Holder will execute, acknowledge and deliver promptly upon demand of Lender, any other instruments or agreements reasonably required in order to carry out the provisions of this Agreement or to effectuate the intent and purposes hereof.
For the avoidance of doubt, the provisions of this Section 7(a) shall not be deemed to modify or restrict, as between the Holdco Preferred Equity Holder and the Holdco Common Equity Holder (but not as to Lender), any consent rights of the Holdco Preferred Equity Holder to any Modification.
Accordingly, Holdco Preferred Equity Holder agrees that upon a breach of this Agreement by the other, the remedies of injunction, declaratory judgment and specific performance shall be available to such non-breaching party.
Holdco Preferred Equity Holder acknowledges (and waives any defense based on a claim) that monetary damages are not an adequate remedy to redress a breach by the other hereunder and that a breach by Holdco Preferred Equity Holder hereunder would cause irreparable harm to Lender.
Holdco Preferred Equity Holder agrees that notwithstanding that it is not a party to the Loan Agreement, it is bound by and shall comply with the terms and conditions of Section [_7.2(k)_]7 thereof, as if such terms and conditions were set forth herein.
Holdco Preferred Equity Holder agrees that notwithstanding that it is not a party to the Loan Agreement, it is bound by and shall comply with the terms and conditions of Section [__7.2(k)__]7 thereof, as if such terms and conditions were set forth herein.