Examples of Term Credit Agreements in a sentence
The ABL Agent and the Term Agents shall each be named as additional insured or loss payee, as applicable, with respect to all insurance policies relating to the Collateral as set forth in the Term Credit Agreements or the ABL Credit Agreement, as applicable.
This Agreement is the “ABL Intercreditor Agreement” referred to in the ABL Credit Agreement and this Agreement is the “ABL Intercreditor Agreement” referred to in the Term Credit Agreements.
All costs and expenses incurred by the Term Agent and the ABL Agent, including, without limitation pursuant to Section 4.1(e), hereunder shall be reimbursed by the Borrower and the other Credit Parties as provided in Section 9.03 of the Term Credit Agreements (or any similar provision) and Section 9.03 (or any similar provision) of the ABL Credit Agreement.
The carrying value of long-term debt related to our Revolving Credit and Term Credit Agreements approximates its fair value as the principal amounts outstanding are subject to variable interest rates that are based on market rates which are regularly reset.
However, Foamex is currently within a 30-day cure period under the Term Credit Agreements in which it can provide such audited financial statements to its lenders (thus curing the default) to avoid triggering an event of default under the Term Credit Agreements.
The Borrower shall not elect to exercise a Permitted Capacity Downsize Option in respect of a Facility in the Project unless the Borrower shall have paid to the offtakers under the applicable PPAs damages for the remaining Capacity Deficiency (as defined in the Term Credit Agreements) on such date and shall have decreased the size of such Facility by up to 25%, in each case, in accordance with the terms of such PPAs and made the applicable mandatory prepayment required in accordance with Section 2.09.
This Section 2.05 shall expressly survive termination of this Agreement until all Obligations and the Obligations (under and as defined in the Term Credit Agreements) are fully and finally paid and discharged, expired or terminated.
On the terms and subject to the conditions set forth in the Credit Agreement, the Grantors may Incur Indebtedness under one or more agreements (each referred to herein as a “Term Credit Agreement”), and secure their obligations under such Term Credit Agreements (collectively, the “Term Loan Collateral Obligations”) with Liens on all or a portion of the Collateral.
Until such time as the Securities Intermediary receives a notice of sole control delivered by the Collateral Agent in accordance with Section 2(b) above, the Loan Party may direct the Securities Intermediary with respect to the selection of Investments to be made in the Account ; provided, however, that the Securities Intermediary shall not honor any instruction to purchase any Investments other than those permitted pursuant to the Indenture and all Term Credit Agreements, if any.
Subject to Section 7.01(b), The Collateral Agent agrees for the benefit of the Loan Parties that it shall execute any amendment, modification or supplement to any Collateral Document approved in accordance with Article IX of the Indenture and in accordance with any equivalent provision of all Term Credit Agreements, if any.