Secured Party Indebtedness definition

Secured Party Indebtedness means the outstanding amount debt due to the secured party that is secured by the Collateral Assignment, plus all accrued and unpaid interest thereon, and other amounts due to the secured party related to the Collateral Assignment (including without limitation any late charges, default interest, exit fees, advances, expenses, attorneys’ fees and costs). Operating Partner hereby waives any so-called bailee’s or landlord’s lien and any statutory lien in any and all Customer Mining Equipment or Customer’s Property.
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Secured Party Indebtedness means all indebtedness and obligations of ELTP to the Secured Party described or referred to in Section 3.
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Secured Party Indebtedness means all amounts payable to the Secured Parties under the Common Terms Agreement, the Senior Loan Agreements, any Note or any other Financing Document;
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Examples of Secured Party Indebtedness in a sentence

  • Notwithstanding any provision to the contrary contained in any of the agreements relating to any Sponsor Party Subordinated Debt, until the Release Date, all Sponsor Party Subordinated Debt shall be subordinated to the Secured Party Indebtedness as provided herein.

  • Any amounts so paid by the Secured Party shall be immediately due and payable by ELTP to the Secured Party and shall become a part of the Secured Party Indebtedness secured hereunder.

  • To secure the payment of all Secured Party Indebtedness and the due and punctual performance by HCI of all the obligations described in Section 3, HCI hereby creates, grants and assigns to the Secured Party a continuing security interest in and to all the Collateral.

  • All covenants, agreements, representations and warranties made by HCI herein shall survive the execution and delivery of this Agreement and such covenants, agreements, representations and warranties shall continue in full force and effect until all Secured Party Indebtedness is paid and performed in full.

  • Until such times as full payment is made to the Secured Party of all Secured Party Indebtedness and full performance of all obligations relating to the Secured Party Indebtedness, ELTP shall have no right of subrogation and waives any right to enforce any remedy which the Secured Party now has or may hereafter have against any other person and waives any benefit of and any right to participate in the Collateral now or hereafter held by the Secured Party.

  • Until such times as full payment is made to the Secured Party of all Secured Party Indebtedness and full performance of all obligations relating to the Secured Party Indebtedness, HCI shall have no right of subrogation and waives any right to enforce any remedy which the Secured Party now has or may hereafter have against any other person and waives any benefit of and any right to participate in the Collateral now or hereafter held by the Secured Party.

  • All covenants, agreements, representations and warranties made by ELTP herein shall survive the execution and delivery of this Agreement and such covenants, agreements, representations and warranties shall continue in full force and effect until all Secured Party Indebtedness is paid and performed in full.

  • Any amounts so paid the Secured Party shall be immediately due and payable by HCI to the Secured Party and shall become a part of the Secured Party Indebtedness secured hereunder.

  • To secure the payment of all Secured Party Indebtedness and the due and punctual performance by ELTP of all the obligations described in Section 3, ELTP hereby creates, grants and assigns to the Secured Party a continuing security interest in and to all the Collateral.


More Definitions of Secured Party Indebtedness

Secured Party Indebtedness means all indebtedness and obligations of HCI to the Secured Party described or referred to in Section 3.
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