Examples of Tranche A Obligations in a sentence
Pursuant to the Tranche A Collateral Documents and the Tranche B Collateral Documents, the Company has agreed to pledge and grant security interests in the Collateral as security for the Tranche A Obligations and the Tranche B Obligations, respectively.
The Administrative Agent, on behalf of the Lenders, agrees that provided (i) no Event of Default exists and is continuing and (ii) after giving effect to the proposed delivery, the Tranche A Borrowing Base is equal to or in excess of the Tranche A Obligations, as the case may be, the Administrative Agent shall consent to any such delivery within one Business Day of the request.
Subject to Section 8B.5, upon the satisfaction of the Tranche A Obligations in full, regardless of the source of payment, the Tranche A Guarantors' obligations hereunder shall be deemed satisfied, discharged and terminated other than indemnifications set forth herein that expressly survive.
Neither the Administrative Agent nor any Tranche A Lender shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Tranche A Obligations or for the guarantee contained in this Section 2 or any property subject thereto.
The Tranche A Obligations shall conclusively be deemed to have been created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon this Section 8B.