Common use of Collateral Matters; Swap Agreements; Treasury Management Agreements Clause in Contracts

Collateral Matters; Swap Agreements; Treasury Management Agreements. The benefit of the Security Instruments and of the provisions of this Agreement relating to any Collateral securing the Obligations shall also extend to and be available to Secured Swap Parties and Treasury Management Lenders on a pro rata basis (but subject to the terms of the Loan Documents, including provisions thereof relating to the application and priority of payments to the Persons entitled thereto) in respect of any obligations of the Borrower, any of its Restricted Subsidiaries or any other Guarantors which arise under Secured Swap Agreements or Lender Treasury Management Agreements, as applicable. No Secured Swap Party or Treasury Management Lender shall have any voting or approval rights under any Loan Document as a result of the existence of obligations owed to it under any such Swap Agreements or Lender Treasury Management Agreements, as applicable. By accepting the benefits of the Collateral, each Secured Swap Party agrees that, notwithstanding anything to the contrary in any of its Swap Agreements with Parent Guarantor, the Borrower or any other Credit Party, Parent Guarantor, the Borrower and the other Credit Parties may grant Liens under the Loan Documents that burden and attach to such Swap Agreements and the rights of Parent Guarantor, the Borrower and the other Credit Parties thereunder.

Appears in 5 contracts

Samples: Credit Agreement (Ultra Petroleum Corp), Credit Agreement (Ultra Petroleum Corp), Credit Agreement (Ultra Petroleum Corp)

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Collateral Matters; Swap Agreements; Treasury Management Agreements. The benefit of the Security Instruments and of the provisions of this Agreement relating to any Collateral collateral securing the Obligations shall also extend to and be available to Secured any Swap Parties Lender and any Treasury Management Lenders on a pro rata basis (but subject Party with respect to the terms of the Loan Documents, including provisions thereof relating to the application and priority of payments to the Persons entitled thereto) in respect of any obligations of amounts payable by the Borrower, any of its Restricted Subsidiaries or Subsidiary, and any other Guarantors which arise Guarantor under any Secured Swap Agreements or Lender Agreement and/or Secured Treasury Management AgreementsAgreement on a pari passu basis with respect to repayment of principal outstanding on Loans due under this Agreement. Except as otherwise provided in Section 12.02(b)(v), as applicable. No Secured no Swap Party Lender or Treasury Management Lender Party shall have any voting or approval rights under any Loan Document as a result of the existence of obligations owed to it under any such Swap Agreements or Lender Treasury Management Agreements, as applicable. By accepting the benefits of the Collateral, each Secured Swap Party agrees that, notwithstanding anything to the contrary in any of its All Swap Agreements with Parent Guarantor, between the Borrower or any other Credit PartySubsidiary and any Swap Lender are independent agreements governed by the terms thereof and will remain in full force and effect, Parent Guarantorunaffected by any repayment, prepayment, acceleration, reduction, increase or change in the terms of the Loans created under this Agreement except as otherwise provided in said Swap Agreement, and any payoff statement from any Lender relating to this Agreement shall not apply to said Swap Agreement with such Swap Lender except as otherwise expressly provided in such payoff statement. All Treasury Management Agreements between the Borrower and any Treasury Management Party are independent agreements governed by the other Credit Parties may grant Liens terms thereof and will remain in force and effect, unaffected by any repayment, prepayment, acceleration, reduction, increase or change in the terms of the Loans created under the Loan Documents that burden this Agreement except as otherwise provided in said Treasury Management Agreement, and attach any payoff statement from any Lender relating to this Agreement shall not apply to said Treasury Management Agreement with such Swap Agreements and the rights of Parent Guarantor, the Borrower and the other Credit Parties thereunderTreasury Management Party except as otherwise expressly provided in such payoff statement.

Appears in 3 contracts

Samples: Credit Agreement (Lonestar Resources US Inc.), Credit Agreement (Lonestar Resources US Inc.), Credit Agreement (Lonestar Resources US Inc.)

Collateral Matters; Swap Agreements; Treasury Management Agreements. The benefit of the Security Instruments and of the provisions of this Agreement relating to any Collateral securing the Obligations shall also extend to and be available to Secured Swap Parties and Treasury Management Lenders on a pro rata basis (but subject to the terms of the Loan Documents, including provisions thereof relating to the application and priority of payments to the Persons entitled thereto) in respect of any obligations of the Borrower, any of its Restricted Subsidiaries or any other Guarantors which arise under Secured Swap Agreements or Lender Treasury Management Agreements, as applicable. No Secured Swap Party or Treasury Management Lender shall have any voting or approval rights under any Loan Document as a result of the existence of obligations owed to it under any such Swap Agreements or Lender Treasury Management Agreements, as applicable. By accepting the benefits of the Collateral, each Secured Swap Party agrees that, notwithstanding anything to the contrary in any of its Swap Agreements with Parent Guarantorthe Parent, the Borrower or any other Credit PartyRestricted Subsidiary, Parent Guarantorthe Parent, the Borrower and the other Credit Parties Restricted Subsidiaries may grant Liens under the Loan Documents that burden and attach to such Swap Agreements and the rights of Parent Guarantorthe Parent, the Borrower and the other Credit Parties Restricted Subsidiaries thereunder.

Appears in 3 contracts

Samples: Credit Agreement (Rice Energy Inc.), Credit Agreement (Rice Midstream Partners LP), Credit Agreement (Rice Midstream Partners LP)

Collateral Matters; Swap Agreements; Treasury Management Agreements. The benefit of the Security Instruments and of the provisions of this Agreement relating to any Collateral securing the Obligations shall also extend to and be available to Secured any Swap Parties Lender and any Treasury Management Lenders on a pro rata basis (but subject Party with respect to the terms of the Loan Documents, including provisions thereof relating to the application and priority of payments to the Persons entitled thereto) in respect of any obligations of amounts payable by the Borrower, any of its Restricted Subsidiaries or Subsidiary, and any other Guarantors which arise Guarantor under any Secured Swap Agreements or Lender Agreement and/or Secured Treasury Management AgreementsAgreement on a pari passu basis with respect to repayment of principal outstanding on Loans due under this Agreement. Except as otherwise provided in Section 12.02(b)(v), as applicable. No Secured no Swap Party Lender or Treasury Management Lender Party shall have any voting or approval rights under any Loan Document as a result of the existence of obligations owed to it under any such Swap Agreements or Lender Treasury Management Agreements, as applicable. By accepting the benefits of the Collateral, each Secured Swap Party agrees that, notwithstanding anything to the contrary in any of its All Swap Agreements with Parent Guarantor, between the Borrower or any other Credit PartySubsidiary and any Swap Lender are independent agreements governed by the terms thereof and will remain in full force and effect, Parent Guarantorunaffected by any repayment, prepayment, acceleration, reduction, increase or change in the terms of the Loans created under this Agreement except as otherwise provided in said Swap Agreement, and any payoff statement from any Lender relating to this Agreement shall not apply to said Swap Agreement with such Swap Lender except as otherwise expressly provided in such payoff statement. All Treasury Management Agreements between the Borrower and any Treasury Management Party are independent agreements governed by the other Credit Parties may grant Liens terms thereof and will remain in force and effect, unaffected by any repayment, prepayment, acceleration, reduction, increase or change in the terms of the Loans created under the Loan Documents that burden this Agreement except as otherwise provided in said Treasury Management Agreement, and attach any payoff statement from any Lender relating to this Agreement shall not apply to said Treasury Management Agreement with such Swap Agreements and the rights of Parent Guarantor, the Borrower and the other Credit Parties thereunderTreasury Management Party except as otherwise expressly provided in such payoff statement.

Appears in 1 contract

Samples: Credit Agreement (Lonestar Resources US Inc.)

Collateral Matters; Swap Agreements; Treasury Management Agreements. The benefit of the Security Instruments Collateral Documents and of the provisions of this Agreement relating to any Collateral collateral securing the Obligations shall also extend to and be available to Secured any Swap Parties Lender and any Treasury Management Lenders on a pro rata basis (but subject Party with respect to the terms of the Loan Documents, including provisions thereof relating to the application and priority of payments to the Persons entitled thereto) in respect of any obligations of amounts payable by the Borrower, any of its Restricted Subsidiaries or Subsidiary, and any other Guarantors which arise Guarantor under any Secured Swap Agreements or Lender Agreement and/or Secured Treasury Management AgreementsAgreement on a pari passu basis with respect to repayment of principal outstanding on Loans due under this Agreement. Except as otherwise provided in Section 12.02(b)(v), as applicable. No Secured no Swap Party Lender or Treasury Management Lender Party shall have any voting or approval rights under any Loan Document as a result of the existence of obligations owed to it under any such Swap Agreements or Lender Treasury Management Agreements, as applicable. By accepting the benefits of the Collateral, each Secured Swap Party agrees that, notwithstanding anything to the contrary in any of its All Swap Agreements with Parent Guarantor, between the Borrower or any other Credit PartySubsidiary and any Swap Lender are independent agreements governed by the terms thereof and will remain in full force and effect, Parent Guarantorunaffected by any repayment, prepayment, acceleration, reduction, increase or change in the terms of the Loans created under this Agreement except as otherwise provided in said Swap Agreement, and any payoff statement from any Lender relating to this Agreement shall not apply to said Swap Agreement with such Swap Lender except as otherwise expressly provided in such payoff statement. All Treasury Management Agreements between the Borrower and any Treasury Management Party are independent agreements governed by the other Credit Parties may grant Liens terms thereof and will remain in force and effect, unaffected by any repayment, prepayment, acceleration, reduction, increase or change in the terms of the Loans created under the Loan Documents that burden this Agreement except as otherwise provided in said Treasury Management Agreement, and attach any payoff statement from any Lender relating to this Agreement shall not apply to said Treasury Management Agreement with such Swap Agreements and the rights of Parent Guarantor, the Borrower and the other Credit Parties thereunderTreasury Management Party except as otherwise expressly provided in such payoff statement.

Appears in 1 contract

Samples: Credit Agreement (PMFG, Inc.)

Collateral Matters; Swap Agreements; Treasury Management Agreements. The benefit of the Security Instruments and of the provisions of this Agreement relating to any Collateral securing the Obligations shall also extend to and be available to Secured Swap Parties and Treasury Management Lenders on a pro rata basis (but subject to the terms of the Loan Documents, including provisions thereof relating to the application and priority of payments to the Persons entitled thereto) in respect of any obligations of the Borrower, any of its Restricted Subsidiaries or any other Guarantors which arise under Secured Swap Agreements or Lender Treasury Management Agreements, as applicable. No Secured Swap Party or Treasury Management Lender shall have any voting or approval rights under any Loan Document as a result of the existence of obligations owed to it under any such Swap Agreements or Lender Treasury Management Agreements, as applicable. By accepting the benefits of the Collateral, each Secured Swap Party agrees that, notwithstanding anything to the contrary in any of its Swap Agreements with Parent Guarantor, the Borrower or any other Credit Party, Parent GuarantorRestricted Subsidiary, the Borrower and the other Credit Parties its Restricted Subsidiaries may grant Liens under the Loan Documents and the Permitted Second Lien Debt Documents that burden and attach to such Swap Agreements and the rights of Parent Guarantor, the Borrower and the other Credit Parties its Restricted Subsidiaries thereunder.

Appears in 1 contract

Samples: Credit Agreement (Rice Energy Inc.)

Collateral Matters; Swap Agreements; Treasury Management Agreements. The benefit of the Security Instruments and of the provisions of this Agreement relating to any Collateral securing the Obligations shall also extend to and be available to Secured Swap Parties and Treasury Management Lenders on a pro rata basis (but subject to the terms of the Loan Documents, including provisions thereof relating to the application and priority of payments to the Persons entitled thereto) in respect of any obligations of the Borrower, any of its Restricted Subsidiaries or any other Guarantors which arise under Secured Swap Agreements or Lender Treasury Management Agreements, as applicable. No Secured Swap Party or Treasury Management Lender shall have any voting or approval rights under any Loan Document as a result of the existence of obligations owed to it under any such Swap Agreements or Lender Treasury Management Agreements, as applicable. By accepting the benefits of the Collateral, each Secured Swap Party agrees that, notwithstanding anything to the contrary in any of its Swap Agreements with Parent Guarantor, the Borrower or any other Credit Party, Parent GuarantorSubsidiary, the Borrower and the other Credit Parties its Subsidiaries may grant Liens under the Loan Documents that burden and attach to such Swap Agreements and the rights of Parent Guarantor, the Borrower and the other Credit Parties its Subsidiaries thereunder.

Appears in 1 contract

Samples: Credit Agreement (Rice Energy Inc.)

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Collateral Matters; Swap Agreements; Treasury Management Agreements. The benefit of the Security Instruments and of the provisions of this Agreement relating to any Collateral securing the Obligations shall also extend to and be available to Secured Swap Parties and Treasury Management Lenders on a pro rata basis (but subject to the terms of the Loan Documents, including provisions thereof relating to the application and priority of payments to the Persons entitled thereto) in respect of any obligations of the Borrower, any of its Restricted Subsidiaries or any other Guarantors which arise under Secured Swap Agreements or Lender Treasury Management Agreements, as applicable. No Secured Swap Party or Treasury Management Lender shall have any voting or approval rights under any Loan Document as a result of the existence of obligations owed to it under any such Swap Agreements or Lender Treasury Management Agreements, as applicable. By accepting the benefits of the Collateral, each Secured Swap Party agrees that, notwithstanding anything to the contrary in any of its Swap Agreements with Parent Guarantor, the Borrower or any other Credit Party, Parent GuarantorRestricted Subsidiary, the Borrower and the other Credit Parties Restricted Subsidiaries may grant Liens under the Loan Documents that burden and attach to such Swap Agreements and the rights of Parent Guarantor, the Borrower and the other Credit Parties Restricted Subsidiaries thereunder.

Appears in 1 contract

Samples: Credit Agreement (Rice Energy Inc.)

Collateral Matters; Swap Agreements; Treasury Management Agreements. The benefit of the Security Instruments and of the provisions of this Agreement relating to any Collateral securing the Obligations shall also extend to and be available to Secured Swap Parties and Treasury Management Lenders on a pro rata basis (but subject to the terms of the Loan Documents, including provisions thereof relating to the application and priority of payments to the Persons entitled thereto) in respect of any obligations of the Borrower, any of its Restricted Subsidiaries or any other Guarantors which arise under Secured Swap Agreements or Lender Treasury Management Agreements, as applicable. No Secured Swap Party or Treasury Management Lender shall have any voting or approval rights under any Loan Document as a result of the existence of obligations owed to it under any such Swap Agreements or Lender Treasury Management Agreements, as applicable. By accepting the benefits of the Collateral, each Secured Swap Party agrees that, notwithstanding anything to the contrary in any of its Swap Agreements with Parent GuarantorParent, the Borrower or any other Credit Party, Parent GuarantorParent, the Borrower and the other Credit Parties may grant Liens under the Loan Documents that burden and attach to such Swap Agreements and the rights of Parent GuarantorParent, the Borrower and the other Credit Parties thereunder.

Appears in 1 contract

Samples: Credit Agreement (Rice Energy Inc.)

Collateral Matters; Swap Agreements; Treasury Management Agreements. The benefit of the Security Instruments and of the provisions of this Agreement relating to any Collateral securing the Obligations shall also extend to and be available to Secured Swap Parties and Treasury Management Lenders on a pro rata basis (but subject to the terms of the Loan Documents, including provisions thereof relating to the application and priority of payments to the Persons entitled thereto) in respect of any obligations of the Borrower, any of its Restricted Subsidiaries or any other Guarantors which arise under Secured Swap Agreements or Lender Treasury Management Agreements, as applicable. No Secured Swap Party or Treasury Management Lender shall have any voting or approval rights under any Loan Document as a result of the existence of obligations owed to it under any such Swap Agreements or Lender Treasury Management Agreements, as applicable. By accepting the benefits of the Collateral, each Secured Swap Party agrees that, notwithstanding anything to the contrary in any of its Swap Agreements with Parent Guarantor, the Borrower or any other Credit Party, Parent GuarantorRestricted Subsidiary, the Borrower and the other Credit Parties its Restricted Subsidiaries may grant Liens under the Loan Documents that burden and attach to such Swap Agreements and the rights of Parent Guarantor, the Borrower and the other Credit Parties its Restricted Subsidiaries thereunder.

Appears in 1 contract

Samples: Credit Agreement (Rice Energy Inc.)

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