Examples of Term Loan Guarantees in a sentence
An Event of Default under this Agreement shall constitute an event of default under the Term Loan Guarantees, and shall entitle the Lenders to accelerate the Obligations of the Guarantors hereunder in the same manner and to the same extent as the Obligations of the Company hereunder.
Term Loan Guarantor ABL Guarantor Extant $1.85 billion ABL and $2.61 billion Bonds New $1.75 billion Senior Secured Term Loan Guarantees and Stock Pledges for New $1.75 billion Senior Secured Term Loan J.C. Penney Properties, Inc.
Each Guarantor agrees that the Second Priority Term Loan Obligations, and any of them, shall conclusively be deemed to have been created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon the Second Priority Term Loan Guarantees.
No right of any holder of Revolving Obligations to enforce the subordination of the Term Loan Guarantees shall be impaired by any act or failure to act by any Guarantor or by its failure to comply with this Agreement.
Each Term Lender by making Term Loans authorizes and directs the Administrative Agent on such Term Lender's behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the holders of the Term Loan Guarantees and the holders of Revolving Obligations as provided in this Article IIA and appoints the Administrative Agent as attorney-in-fact for any and all such purposes.
There is no suit, action, proceeding or investigation pending or, to the knowledge of the Company, threatened against the Company by the Nasdaq Stock Market or the SEC, respectively, to prohibit or terminate the listing of the Common Stock on the Nasdaq Global Market or to deregister the Common Stock under the Exchange Act.
After all Revolving Obligations are paid in full and until the Term Loan Guarantees are repaid in full, the Term Lenders shall be subrogated to the rights of holders of the Revolving Obligations to receive distributions applicable to Revolving Obligations.
Nothing in this Agreement shall impair, as between the Guarantors and Term Lenders, the obligation of each Guarantor, which is absolute and unconditional, to pay principal of, premium, if any, interest or any other amounts in respect of Term Loan Guarantees in accordance with the terms thereof.
Each Guarantor agrees that the First Priority Term Loan Obligations, and any of them, shall conclusively be deemed to have been create, contracted or incurred, or renewed, extended, amended or waived, in reliance upon the First Priority Term Loan Guarantees.
The Administrative Agent shall not be deemed to owe any fiduciary duty to the holders of Revolving Obligations and shall not be liable to any such holders if it shall mistakenly pay over or distribute to the holders of the Term Loan Guarantees or any Guarantor or any other person, money or assets to which any holders of Revolving Obligations shall be entitled by virtue of this Article IIA or otherwise.