Examples of Loan Note in a sentence
The Guarantor acknowledges and consents to any such assignment and pledge of all of the Lender’s rights under this Loan Agreement and the Loan Note (collectively, the “Assigned Rights”) to the Indenture Trustee on behalf of holders of ABS Notes.
Notwithstanding the foregoing, the Guarantor acknowledges and agrees that the Lender intends to collaterally assign, among other things, all of the Lender’s rights and remedies under this Loan Agreement and the Loan Note to the Indenture Trustee pursuant to the related Indenture.
The Agent shall have possession of the Loan Note until the termination of this Agreement, as provided in Section 13.01.
The parties hereto agree that to the extent the Lender assigns and pledges its rights under this Loan Agreement as described above, all the representations and warranties contained in this Loan Agreement and the rights of the Lender under this Loan Agreement and the Loan Note will benefit the Indenture Trustee on behalf of the holders of the ABS Notes.
The Lender shall not transfer or assign the Loan Note (or any interest therein) and, other than as permitted hereunder, each of the Agent, the Borrower and the Lender shall not transfer or assign any of its rights or obligations hereunder or under any other Loan Document, in each case, without the prior written consent of the Controlling Party.