Examples of Secured Agent in a sentence
No failure on the part of Secured Party or Secured Agent to exercise, and no delay in exercising, any right, remedy , power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, remedy, power or privilege preclude any other or further exercise thereof or the exercise of any other right , remedy , power or privilege.
Each Secured Agent shall act as an agent solely of the Issuer and will have no obligation towards, or relationship of agency or trust with, any Noteholder or any other person.
Each Agent that is not a Secured Agent is not acting as agent of the Issuer (or any other person) and is therefore not acting as fiduciary and will owe no fiduciary obligations or duties to the Issuer, the Noteholders, any Transaction Counterparty or any other person.
By this motion, the Debtors will seek permission to grant adequate protection liens and superpriority claims in favor of the Senior Secured Agent to the extent of any diminution in the collateral position of such creditor.
The Debtor shall not be obligated to take any action under this Section 7, unless the Secured Agent requests such action.
Secured Party agree to bring no claim or proceeding, whether in law or equity, against the Secured Agent for such agent's actions hereunder.
The Debtors expect to have agreement with the Senior Secured Agent as to the terms of a consensual cash collateral order.
The Secured Party shall be bound by the actions, commitments and agreements of Secured Agent, and shall, upon request by the Secured Agent, enter into such agreements or sign such other documents or instruments that the Secured Agent deems appropriate or necessary in the exercise of the Secured Party rights hereunder.
BCBSM will post Group SBCs for applicable BCBSM coverage to Group Secured, Agent Secured, and Member Secured Services websites.
Notwithstanding anything herein to the contrary or in any other order of this Court, none of the Prepetition Secured Agent or the Prepetition Secured Creditors will be required to file proofs of claim in any of the Chapter 11 Cases or successor cases, and the Debtors’ stipulations in paragraph 5 herein shall be deemed to constitute a timely filed proof of claim.