Examples of TLB Agent in a sentence
Refining is also the borrower of $523.9 million of secured term loan indebtedness under the Refining TLB Credit Agreement, dated as of March 4, 2013, and the principal amount outstanding thereunder (the “ Refining TLB Debt”), by and among Refining, as borrower, theRefining TLB Lender, and Refining TLB Agent.
To the extent that any of the Refining ABL Agent or the Refining TLB Agent is listed as loss payee under any of the Borrower’s or Guarantor’s insurance policies, the DIP Agent is also deemed to be the loss payee under such insurance policies and shall act in that capacity and distribute any proceeds recovered or received in respect of any such insurance policies in accordance with the priorities set forth on Exhibit A hereto.
The right of the Refining TLB Agent to resign pursuant to Section 8.9 of the Refining TLB Credit Agreement is hereby preserved in all respects, and the Refining TLB Agent may exercise such right thereunder, including the provision of notices and taking of other actions as it may deemnecessary or appropriate.
The automatic stay of section 362(a) of the Bankruptcy Code shall be modified to the extent necessary to permit the Refining TLB Agent to take all actions, as applicable, referenced in this subparagraph (e).
The Refining TLB Agent, for the benefit of the Refining TLB Lenders, shall receive current cash payment when due for all interest at the non-default rates provided for in the Refining TLB Credit Agreement.