Relevant Obligors definition
Examples of Relevant Obligors in a sentence
In the event of any such breach as aforesaid, the Bank may take any action hereunder against any or all of the Relevant Obligors and/or may release or compromise, in whole or in part, the liability of any Relevant Obligor or grant any time or indulgence to any Relevant Obligor without affecting the joint and several liability of the other Relevant Obligor.
The Account Banks shall be acting solely for and on behalf of the Relevant Obligors in acquiring, holding or disposing of any Permitted Investment.
Any communication to be made to an Obligor (other than the Relevant Obligor) by fax shall be made to the fax number identified with the Relevant Obligor's name below (or, in the case of the CWC Parent, in the CWC Accession Memorandum).
The Accounts shall, save as otherwise provided by the Transaction Security Documents or herein, be maintained by the Relevant Obligors with the relevant Account Bank in accordance with the Account Bank’s usual practice and may from time to time be sub-divided into such sub-accounts as any Relevant Obligors may reasonably request.
Save as otherwise provided in any of the Transaction Security Documents after enforcement thereof, the Relevant Obligors shall credit, and shall procure that there is credited, to the Accounts all such amounts as are provided for in this Agreement and ensure that such other credits are made thereto as are required to be made pursuant to any other provision of any other Finance Document.
The Relevant Obligors shall each provide reasonable assistance to the Arrangers in the preparation of any Information Memorandums and any supplements thereto and in connection with the general syndication of the Facilities (including, without limitation, by making senior management available for the purpose of making presentations to, or meeting, potential lending institutions) and will comply with all reasonable requests for information from potential lenders prior to completion of syndication.
If any Permitted Investment ceases to be a Permitted Investment, the Relevant Obligors will, upon any one of them becoming aware thereof, procure that the relevant investment is replaced by a Permitted Investment or by cash.
Each of the Relevant Obligors hereby irrevocably and unconditionally undertakes to pay to the Administrative Agent an amount equal to the aggregate amount payable by such Relevant Obligor in respect of its Principal Obligations as they may exist from time to time.
Each potential purchaser of the Notes should make its own independent investigation of the financial condition and affairs, and its own appraisal of the creditworthiness, of the Relevant Obligor(s), the Group and the Relevant Subsidiary Group.
As a result, it may not be possible for investors to effect service of process within the United Stated upon the Relevant Obligor(s) or such persons, or to enforce against the Relevant Obligor(s) or such persons judgments obtained in United States courts, including judgments predicated upon the civil liability provisions of the federal securities laws of the United States.