Examples of Secured Counterparties in a sentence
The acceptance of this Bond shall be deemed to constitute the consent and agreement by the Holder hereof (on behalf of the Secured Counterparties) to all of the terms and provisions of the Mortgage Indenture.
This Bond is issued to the Agent for the benefit of the Secured Counterparties by the Company pursuant to the Company’s obligations under the Collateral Management Agreement.
Under the Facility, the Company and the Secured Counterparties from time to time will enter into transactions involving the purchase and sale of electrical energy, generating capacity, fuel and other energy related commodities and other Energy Transactions (as such term is defined in the Common Agreement) pursuant to the Secured Counterparty ISDA Agreements (as such term is defined in the Common Agreement).
Mortgagor acknowledges that the right to maintain a consolidated foreclosure action is a specific inducement to the Secured Counterparties to enter into the Facility guaranteed by the Guaranty, and Mortgagor expressly and irrevocably waives any objections to the commencement or consolidation of the foreclosure proceedings in a single action and any objections to the laying of venue or based on the grounds of forum non conveniens which it may now or hereafter have.
Each Lender hereby acknowledges that it has fully reviewed the Intercreditor Agreement and, by its execution of this Agreement, hereby consents to the execution and delivery of the Intercreditor Agreement by the Agent (in its capacity as Agent hereunder and as agent for the Secured Counterparties) and agrees to comply with the terms thereof (which terms are incorporated herein by reference in their entirety) as if such Lender were a direct signatory thereto.
Each of the Lenders (including in any Lender’s other capacity hereunder), the Issuing Bank and each of the Other Secured Counterparties (each of the foregoing referred to as the “Lenders” for purposes of this Article 10) hereby irrevocably appoints Xxxxxx Xxxxxxx Senior Funding, Inc.
The Beneficiary may, upon notice to the Guarantors, assign its rights hereunder to a successor Collateral Agent under the Common Agreement without the consent of the Guarantors or any Secured Counterparties.
RECITALS The Company, the Parent, Xxxxxxx Island, Montour, the Agent and the Secured Counterparties previously entered into that certain Secured Energy Marketing and Trading Facility Common Agreement, dated as of November 1, 2010 (as heretofore amended, modified and supplemented, the “Existing Common Agreement”), and certain other agreements to establish a secured energy marketing and trading facility (the “Facility”).
This Agreement and the other Facility Documents are intended to provide credit support for the obligations of the Company to the Secured Counterparties under the respective Secured Counterparty ISDA Agreements.
Each of the Credit Agreement Representatives, the Secured Counterparties, and Sowood acknowledges and agrees that it has not made any representation or warranty with respect to the execution, validity, legality, completeness, collectability, or enforceability of the Credit Agreement Documents, the Secured Counterparty Documents, or the Sowood Documents.