Examples of Term Loan Secured Parties in a sentence
The ABL Facility Collateral Agent is hereby authorized to make any such endorsements as agent for the Directing Term Loan Collateral Agent, any such Term Loan Secured Parties and any such ABL Facility Secured Parties.
In connection with any such purchase and sale, each Revolving Loan Lender and each Purchasing First Lien Term Loan Secured Party shall execute and deliver an assignment and acceptance agreement, in form reasonably acceptable to all parties thereto, pursuant to which, among other things, each Revolving Loan Lender shall assign to the Purchasing First Lien Term Loan Secured Parties such Revolving Loan Lender’s pro rata share of the commitments and Revolving Loan Obligations.
Obligations and until the Discharge of Incremental Term Loan Obligations, if the Revolving Loan Agent or any other Revolving Loan Secured Party shall, at any time, receive any Proceeds of any such insurance policy or any such award or payment in respect of any Term Loan Priority Collateral, it shall pay such Proceeds over to the Incremental Term Loan Agent (for the benefit of the Incremental Term Loan Secured Parties) in accordance with the terms of Section 4.2.
The Revolver Secured Parties, on the one hand, and the Term Loan Secured Parties, on the other hand, shall each be responsible for keeping themselves informed of (a) the financial condition of the Grantors and all endorsers and/or guarantors of the Revolver Obligations or the Term Loan Obligations and (b) all other circumstances bearing upon the risk of nonpayment of the Revolver Obligations or the Term Loan Obligations.
Notwithstanding anything to the contrary contained herein, in connection with any such purchase and sale, the Term Loan Secured Parties shall retain all rights under the Term Loan Documents to be indemnified or held harmless by the Grantors in accordance with the terms thereof.