Examples of Revolving Loan Secured Parties in a sentence
The Revolving Loan Agent, for itself and on behalf of the other Revolving Loan Secured Parties, waives any claim any Revolving Loan Secured Party may hereafter have against any Term Loan Secured Party arising out of the election by any Term Loan Secured Party of the application of Section 1111(b)(2) of the Bankruptcy Code or any comparable provision of any other Bankruptcy Law.
Notwithstanding anything to the contrary contained herein, in connection with any such purchase and sale, Revolving Loan Secured Parties shall retain all rights under the Revolving Loan Documents to be indemnified or held harmless by Grantors in accordance with the terms thereof.
The Collateral Agent shall act on the instructions of the Majority Secured Parties; provided that no such vote by the Majority Secured Parties shall treat the Term Loan Secured Parties differently with respect to rights in the Collateral from the Revolving Loan Secured Parties or vice versa.
Students who are permanently excluded are not permitted access to the College as a visitor or to use the College’s services.The Principal will be immediately informed of a decision to exclude a student permanently.
The obligations of the Revolving Loan Secured Parties hereunder to sell the Revolving Loan Obligations owing to them are several and not joint and several.
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 Obligations shall be reinstated to the extent of such Recovery and the Revolving Loan Secured Parties shall be entitled to a Discharge of Revolving Loan Obligations with respect to all such recovered amounts.
All notices to the Term Loan Secured Parties and the Revolving Loan Secured Parties permitted or required under this Agreement may be sent to the First Lien Term Loan Agent, and after Discharge of First Lien Term Loan Obligations, to the Incremental Term Loan Agent, and the Revolving Loan Agent, respectively.
In the absence of Exigent Circumstances, Revolving Loan Agent, for itself and on behalf of the Revolving Loan Secured Parties, agrees that it will give Notes Agent ten (10) Business Days’ prior written notice of its intention to commence the exercise of any Revolving Loan Lien Enforcement Action against the Collateral.
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Each of the First Lien Term Loan Agent, for itself and on behalf of the First Lien Term Loan Secured Parties, and the Revolving Loan Agent, for itself and on behalf of the Revolving Loan Secured Parties, hereby irrevocable waives any defense based on the adequacy of a remedy at law and any other defense which might be asserted to bar the remedy of specific performance in any action which may be brought by the Incremental Term Loan Agent.