Examples of RCF in a sentence
The Borrower shall, and shall cause each of its Subsidiaries to, take all actions necessary to establish Agent’s control of the Collection Account, the Designated Account and, subject to the terms of the Intercreditor Agreement, each other RCF Priority Account.
Nothing in this Agreement shall affect any right that the any RCF Secured Party or Term Loan Secured Party may otherwise have to bring any action or proceeding against any Loan Party or its properties in the courts of any jurisdiction.
The Loan Parties shall from and after the Sixteenth Amendment Effective Date maintain (a) the Vitol RCF Agreement or (b) another Permitted Working Capital Facility in an aggregate amount at least equal to $100,000,000.
After delivery of any notice contemplated by Section 7.1 above and until the date designated in such notice, the RCF Representative and the RCF Secured Parties shall, in the absence of exigent circumstances, refrain from enforcing on, or exercising any rights in respect of, any RCF Priority Collateral unless the failure to do so would adversely affect the RCF Representative’s RCF Lien.
The RCF Representative, for and on behalf of itself and the RCF Secured Parties, agrees that no payment to the Term Loan Representative or any Term Loan Secured Party pursuant to the provisions of this Agreement shall entitle the RCF Representative or any RCF Secured Party to exercise any rights of subrogation in respect thereof until the Term Loan Obligations Payment Date.