Examples of Xxxxx Loan Documents in a sentence
The Administrative Agent shall have received reasonably satisfactory evidence that each Loan Party that is party to the Xxxxx Loan Documents has assigned all of its rights and interests under each Xxxxx Loan Document to one or more of the Gulf Entities.
In exercising rights and remedies with respect to the XX Xxxx'x Collateral, the XX Xxxx'x Agent may enforce the provisions of the XX Xxxx'x Loan Documents and exercise remedies thereunder, all in such order and in such manner as it may determine in the exercise of its sole discretion.
In addition to the amounts being loaned by FNBO and Lender, Borrower is borrowing an amount not to exceed One Million Dollars ($1,000,000) from Xxxxx under the terms of the Xxxxx Loan Documents and an amount not to exceed One Million Five Hundred Twenty-Five Thousand Dollars ($1,525,000) from GreenWay under the terms of the GreenWay Loan Documents.
Bank acknowledges that any representations, warranties and agreements made by Borrower herein may be subject to rights, interests and agreements in favor of Xxxxx under the Xxxxx Loan Documents.
The transactions contemplated by the X.X. Xxxxx Loan Documents will be, contemporaneously with the making of the Term Loan and initial Advances hereunder, consummated in accordance with their respective terms and nothing has come to Parent’s or Borrowers’ attention that would indicate that any of the representations and warranties contained in the X.X. Xxxxx Loan Documents are not true and correct.
The parties hereby agree that the membership of the Owner for purposes of the Xxxxx Loan Documents is and shall be until otherwise modified and agreed to by all of the parties as follows: - The LLC Member, a single asset New York limited liability company, whose sole asset is a 60% membership interest in the Owner.
The security interests granted by the Xxxxx Loan Documents constitute perfected security interests in all right, title and interest of the Company in the collateral described therein and the proceeds thereof, as security for the Xxxxx Obligations and the other obligations of the Company as defined in the Xxxxx Loan Documents, in each case prior and superior in right to any other Person except as expressly permitted by the Xxxxx Loan Documents.
Xxxxx hereby consents and the parties mutually agree that the Owner shall be free to use the Loan Proceeds for purposes it deems fit and may enter into an agreement with another entity for the repayment of the Loan Proceeds for and on behalf of Owner, as long as the Xxxxx Loan Documents and the obligations of Owner, the LLC Member, Xxxxxxxxxx, Xxxx, and Rigbi, including but not limited to the obligations of repayment to Hypothecators, are not affected or altered in any way not expressly set forth herein.
The delivery of any Collateral to Xxxxx under the Xxxxx Loan Documents pursuant to the Xxxxx Loan Documents shall satisfy any delivery requirement hereunder or under any other Loan Document to the extent that such delivery is consistent with the terms of the Xxxxx Intercreditor Agreement.
The Collateral Agent, for itself, the Trustee, and on behalf of the Noteholders, agrees that neither the Collateral Agent nor the Trustee will take any action that would hinder any exercise of remedies undertaken by the Senior Agent under the Senior Loan Documents or the exercise of remedies undertaken by the XX Xxxx'x Agent under the XX Xxxx'x Loan Documents, including any public or private sale, lease, exchange, transfer, or other disposition of the Collateral, whether by foreclosure or otherwise.