Examples of Revolving Credit Security Documents in a sentence
Each Secured Party acknowledges and agrees that (i) the grants of Liens pursuant to the Revolving Credit Security Documents and the Term Loan Security Documents constitute two separate and distinct grants of Liens and (ii) because of, among other things, their differing rights in the Common Collateral, the Term Loan Obligations are fundamentally different from the Revolving Credit Obligations and should be separately classified in any plan of reorganization proposed or adopted in an Insolvency Proceeding.
All of the property, rights and interest of the Borrower and its Subsidiaries that are or are intended to be subject to the security interests and liens created by the Revolving Credit Security Documents.
The execution, delivery and performance of the Loan Documents and the transactions contemplated herein do not require any approval or consent of, or filing or registration with, any governmental or other agency or authority, or any other Person, except under or as contemplated by the Revolving Credit Security Documents and the CB Term Loan Security Documents.
The Revolving Credit Security Documents have effectively created in favor of the Agent and the Lenders legal, valid and enforceable security interests in the Revolving Credit Collateral and such security interests are fully perfected first priority security interests.
The Revolving Credit Security Documents, the Pari Passu Security Documents and the Subordinated Lien Security Documents, as applicable, may be Modified in accordance with the terms of the Revolving Credit Loan Documents, the Pari Passu Loan Documents and the Subordinated Lien Loan Documents, as applicable.