Examples of Secured Finance Documents in a sentence
The Pledgor agrees that this waiver is for the sole benefit of the Pledgee and the Pledgee shall be entitled to waive the benefit of such waiver of any Rights of Recourse in writing whereby the relevant Rights of Recourse of the Pledgor shall remain in existence and be reinstated as if never waived, without prejudice to the terms of the Senior Secured Finance Documents.
If any Party owes an amount to the Security Agent under the Secured Finance Documents or this Agreement, the Security Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Security Agent would otherwise be obliged to make under the Secured Finance Documents or this Agreement and apply the amount deducted in or towards satisfaction of the amount owed.
For the purposes of the Secured Finance Documents or this Agreement that Party shall be regarded as having received any amount so deducted.
This includes any amendment or waiver which would, but for this paragraph, require the consent of each Guarantor if the guarantee under the Secured Finance Documents is to remain in full force and effect.
Any remaining Pledged Assets or proceeds of enforcement received by the Pledgee (if any) shall be returned by the Pledgee to the Pledgor in accordance with the terms of the Intercreditor Agreement and the other Senior Secured Finance Documents.