Examples of Related Credit Arrangement in a sentence
Each Secured Related Credit Provider, by delivery of a notice to Administrative Agent of the creation of a Related Credit Arrangement, agrees to be bound by Section 9.03 and this Article X.
This is notify you that we have entered into the following: Date of Related Credit Arrangement Names of Parties We hereby confirm that we are a Lender Counterparty.
By initialing this provision in the space provided below, Grantor hereby declares that the agreement of the Secured Creditors to make the loans, extend the credits, and/or provide any Related Credit Arrangement referred to or provided for herein, at the interest rates and upon the terms and conditions set forth herein and therein, constitutes adequate consideration, given individual weight by Grantor, for this waiver and agreement.
The rights, powers and remedies given to the Lender by this Security Agreement shall be in addition to all rights, powers and remedies given to the Lender under any other Loan Document or any agreement or instrument executed in connection with any Related Credit Arrangement (together with the Loan Documents, collectively, the “Related Agreements”) or by virtue of any statute or rule of law.
All obligations of each Pledgor under or in respect of Related Credit Arrangements shall be deemed to be Secured Obligations, and each Affiliate of the Lender party to any Related Credit Arrangement shall be deemed to be a Secured Party hereunder with respect to such Secured Obligations.
The rights, powers and remedies given to the Administrative Agent for the benefit of the Secured Parties by this Pledge Agreement shall be in addition to all rights, powers and remedies given to the Administrative Agent or any Secured Party under any Related Credit Arrangement or by virtue of any statute or rule of law.
For purposes of this Section 2, all amounts outstanding or owing under the Credit Agreement or applicable Related Credit Arrangement shall be deemed to be immediately due and payable, regardless of whether they have been or are permitted to be accelerated at such time, for purposes of calculating the amount of “Guarantor's Obligations” and “Guaranteed Liabilities”.
All obligations of each Guarantor under or in respect of Related Credit Arrangements shall be deemed to be included in the Borrower’s Liabilities that are guaranteed hereby, and each Affiliate of the Lender party to any Related Credit Arrangement shall be deemed to be a Secured Party hereunder with respect to such Borrower’s Liabilities.
Each Pledgor hereby waives any and all right to require the marshaling of assets in connection with the exercise of any of the remedies permitted by applicable Law or provided herein or in any other Loan Document or in any Related Credit Arrangement.
For purposes of the foregoing sentence, settlement amount for any Related Credit Arrangement that has not been terminated shall be the settlement amount as of the last Business Day of the month preceding any date of determination and shall be calculated by the appropriate swap counterparties and reported to the Administrative Agent upon request; provided any Related Credit Arrangement with a settlement amount that is a negative number shall be disregarded for purposes of determining the Majority Holders.