Common use of Certain Collateral Clause in Contracts

Certain Collateral. As of the date hereof, none of the Collateral constitutes, or is the Proceeds of, farm products and none of the Collateral has been purchased for, or will be used by any Debtor primarily for personal, family or household purposes. As of the date hereof, except as set forth on Schedule 3.4 or otherwise notified to the Administrative Agent pursuant to Sections 4.7 or 4.8, respectively: (a) such Debtor holds no commercial tort claims with a value in excess of $5,000,000; and (b) such Debtor owns no vessels, rolling stock or aircraft.

Appears in 2 contracts

Sources: Credit Agreement, Credit Agreement (USD Partners LP)

Certain Collateral. As of the date hereof, none of the Collateral constitutes, or is the Proceeds of, farm products and none of the Collateral has been purchased for, or will be used by any Debtor primarily for personal, family or household purposes. As of the date hereof, except as set forth on Schedule 3.4 or otherwise notified to the Administrative Agent pursuant to Sections 4.7 or 4.8, respectively: (a) such Debtor holds no commercial tort claims with a value in excess of $5,000,000; and (b) such Debtor owns no vessels, railroad rolling stock or aircraft.

Appears in 1 contract

Sources: Credit Agreement (USD Partners LP)