Examples of Reimbursement Party in a sentence
Pursuant to Section 5.10 of the Reimbursement Agreement, each Subsidiary Reimbursement Party that was not in existence or not a Subsidiary Reimbursement Party on the date of the Reimbursement Agreement is required to enter into this Agreement as a Guarantor upon becoming a Subsidiary Reimbursement Party.
If any additional Subsidiary is formed or acquired after the Effective Date, the Borrower will, within ten (10) Business Days after such Subsidiary is formed or acquired, notify the Fund Guarantors and cause the Collateral and Guarantee Requirement to be satisfied with respect to such Subsidiary (if it is a Subsidiary Reimbursement Party) and with respect to any Equity Interest in or Indebtedness of such Subsidiary owned by or on behalf of any Reimbursement Party.
Schedule 3.05 sets forth the name of, and the ownership interest of the Borrower in, each Subsidiary and identifies each Subsidiary that is a Subsidiary Reimbursement Party, in each case as of the Effective Date.
Pursuant to Section 5.10 of the Reimbursement Agreement, each Subsidiary Reimbursement Party that was not in existence or not a Subsidiary Reimbursement Party on the date of the Reimbursement Agreement is required to enter into this Agreement as a Grantor upon becoming a Subsidiary Reimbursement Party.
All amounts due hereunder shall be paid in U.S. dollars, and if not paid when due shall, solely with respect to any amounts due as a result of NorthStar Reimbursement Party Sole Liability Acts under Section 1(c) above, bear interest at the Default Rate.
Notwithstanding any provision of this Agreement to the contrary, all rights of each of the Guarantors under Sections 1 and 2 and all other rights of each of the Guarantors in respect of indemnity, contribution or subrogation from any other Reimbursement Party under applicable law or otherwise shall be fully subordinated to the indefeasible payment in full in cash of all Reimbursement Obligations which are then due and payable whether at maturity, by acceleration or otherwise.
The Tenant Reimbursement Party or Parties shall give to the Authority prompt and reasonable notice of any such Liability or obligation, and the Authority shall have the right to investigate, compromise, perform, and defend the same.
Pursuant to Section 5.10 of the Reimbursement Agreement, each Subsidiary Reimbursement Party that was not in existence or not a Subsidiary Reimbursement Party on the date of the Reimbursement Agreement is required to enter into the Amended and Restated Guarantee Agreement as a Guarantor upon becoming a Subsidiary Reimbursement Party.
If any Reimbursement Party becomes aware that a Mandatory Prepayment Event has occurred, it shall notify The Netherlands of such occurrence as soon as possible, together with details of the events or circumstances comprising such Mandatory Prepayment Event and of the steps being taken to remedy the same.
The Reimbursement Transactions entered into and to be entered into by each Reimbursement Party are within such Reimbursement Party's powers and have been duly authorized by all necessary action.