Examples of Revolving Loan Secured Parties in a sentence
Neither the Revolving Loan Agent nor any of the other Revolving Loan Secured Parties shall have any duty to the Collateral Agent or any of the other ROW Secured Parties to act or refrain from acting in a manner which allows, or results in, the occurrence or continuance of an event of default or default under any agreements with any Grantor (including the ROW Debt Documents), regardless of any knowledge thereof which they may have or with which they may be charged.
Any notice given by the Revolving Loan Agent and/or the Revolving Loan Secured Parties to the Collateral Agent shall be deemed to be a notice given to all European Agents and ROW Secured Parties.
The Revolving Loan Agent, for itself and on behalf of the other Revolving Loan Secured Parties, waives any claim they may hereafter have against any ROW Secured Party arising out of the election by any ROW Secured Party of the application of Section 1111(b)(2) of the Bankruptcy Code or any comparable provision of any other Bankruptcy Law.
If any Revolving Loan Secured Party is required in any Insolvency Proceeding or otherwise to turn over or otherwise pay to the estate of any Grantor or any other person any amount (a “Recovery”), then the Revolving Loan Debt shall be reinstated to the extent of such Recovery and the Revolving Loan Secured Parties shall be entitled to a Discharge of Revolving Loan Debt with respect to all such recovered amounts.
Each of the Collateral Agent and each other European Agent, for itself and on behalf of the ROW Secured Parties, and the Revolving Loan Agent, for itself and on behalf of the Revolving Loan Secured Parties, hereby waives any right it may have under applicable law to revoke this Agreement or any of the provisions of this Agreement.
In the absence of Exigent Circumstances, the Revolving Loan Agent, for itself and on behalf of the Revolving Loan Secured Parties, agrees that it will give the Collateral Agent five (5) Business Days’ prior written notice of its intention to commence any foreclosure or other action to sell or otherwise realize upon the Revolving Loan Priority Collateral.
The obligations of Revolving Loan Secured Parties hereunder to sell the Revolving Loan Debt owing to them are several and not joint and several.
The parties hereto agree that all Revolving Loan Priority Collateral, whether now existing or pledged in the future in accordance with the terms of the Revolving Loan Agreement, shall be granted to both the Revolving Loan Secured Parties and the ROW Secured Parties, and that such Revolving Loan Priority Collateral shall constitute an equal part of the Collateral securing the ROW Debt and the Revolving Loan Debt.
All notices to the ROW Secured Parties and the Revolving Loan Secured Parties permitted or required under this Agreement may be sent to the Collateral Agent and the Revolving Loan Agent, respectively.
This Agreement shall be binding upon each Agent, the other Revolving Loan Secured Parties, the Collateral Agent, the other ROW Secured Parties, Grantors and their respective permitted successors and assigns.