Examples of Sixth Mezzanine Borrower in a sentence
Pledgor hereby authorizes and instructs Sixth Mezzanine Borrower and any servicer of the Loan to comply with any instruction received by it from Lender in writing that (i) states that an Event of Default has occurred and is continuing and (ii) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from Pledgor, and Pledgor agrees that Sixth Mezzanine Borrower and any servicer shall be fully protected in so complying.
Lender shall be under no obligation to delay a sale of any of the Pledged Securities for the period of time necessary to permit Pledgor or Sixth Mezzanine Borrower to register such securities for public sale under the Securities Act of 1933, as amended, or under applicable state securities laws, even if Pledgor or Sixth Mezzanine Borrower would agree to do so.
Pledgor shall cause Sixth Mezzanine Borrower to execute and deliver to Lender an Acknowledgment and Consent with respect to this Agreement in the form of Exhibit A attached hereto in connection with the execution and delivery of this Agreement.
Pledgor covenants and agrees with Lender that, from and after the date of this Agreement until the Debt (exclusive of any indemnification or other obligations which are expressly stated in any of the Loan Documents to survive satisfaction of the Note) is paid in full, Pledgor shall cause Sixth Mezzanine Borrower to take, any action to ensure compliance by the Sixth Mezzanine Borrower with Section 5.2 of the Sixth Mezzanine Loan Agreement.
Notices by Lender to Pledgor or Sixth Mezzanine Borrower, to be effective, shall be in writing, addressed or transmitted to Pledgor or Sixth Mezzanine Borrower, as the case may be, at the address of Borrower set forth in the Loan Agreement, and shall be deemed to have been duly given or made if given or made in accordance with the terms and provisions of Section 10.6 of the Loan Agreement.
If less than all of the New Second Lien Convertible Notes are to be redeemed at any time, ION will select New Second Lien Convertible Notes for redemption on a pro rata basis, or, in the case of New Second Lien Convertible Notes issued in global form as discussed below under the caption “—Book-Entry, Delivery and Form,” based on a method as DTC may require unless otherwise required by law or applicable stock exchange or depositary requirements.