Examples of Term Credit Agreement in a sentence
BKRF shall not, and shall not permit any other RCF Loan Party to, maintain any securities accounts or bank accounts other than the Collateral Accounts (as defined in the Term Credit Agreement) and the Designated Account.
Operating Expenses (as defined in the RCF Agreement) and Capital Expenditures (as defined in the RCF Agreement) shall be made in accordance with the then effective Operating Budget, subject to the adjustments and exceptions pursuant to Section 5.20(c) (Intra-year Adjustments to Operating Budget) of the Term Credit Agreement (as in effect on the date hereof).
Borrower shall, contemporaneously with each such submission, submit to the Administrative Agent each draft Operating Budget and draft Financial Model submitted to the Term Administrative Agent pursuant to Section 5.20 of the Term Credit Agreement (as in effect on the date hereof).
BKRF shall procure and maintain in full force and effect throughout the Term of this Agreement the insurance coverages required under Schedule 5.06 (Insurance Requirements) to the Term Credit Agreement and Schedule 5.08 (Insurance) of the RCF Agreement; provided, however, to the extent there is any inconsistency between the two referenced Schedules, Schedule 5.08 (Insurance) of the RCF Agreement shall control.
Unless an Event of Default shall have occurred and be continuing, funds on deposit in the Collection Account shall be transferred prior to the close of business on each Business Day to the Revenue Account or such other Deposit Account of the Term Loan Borrower in accordance with the requirements of the Term Credit Agreement.