Secured Counterparties definition
Examples of Secured Counterparties in a sentence
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.
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).
Each of the Credit Agreement Representatives, the Secured Counterparties, and Sowood hereby agrees that no party shall have any duty to advise any other party of information known to it regarding such condition or any such circumstances.
As used herein, the term “Transaction Agreements” means the collective reference to the Secured Counterparty ISDA Agreements between the Company and Secured Counterparties and the Common Agreement.
This Guaranty shall be binding upon the successors and permitted assigns of the Guarantors and inure to the benefit of the Beneficiary and its successors and assigns for its benefit and the benefit of the Secured Counterparties.
After payment in full of all Guaranteed Liabilities and other amounts owing hereunder, the Beneficiary and Secured Counterparties shall execute such instruments as Guarantors may reasonably request to evidence such subrogation.
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.
Nothing in this Agreement shall affect any right that any of the Credit Agreement Secured Parties, the Secured Counterparties, or Sowood may otherwise have to bring any action or proceeding relating to this Agreement or any Credit Agreement Documents, the Secured Counterparty Documents, or the Sowood Documents against the Borrowers or any other Loan Party or its properties in the courts of any jurisdiction.