Common use of Obligations with Respect to Loan Parties Clause in Contracts

Obligations with Respect to Loan Parties. The obligations of the Company to direct or prohibit the taking of certain actions by the other Loan Parties and Subsidiaries as specified herein shall be absolute and not subject to any defense the Company may have that the Company does not control such Loan Parties or Subsidiaries.

Appears in 7 contracts

Samples: Loan Agreement (Park Hotels & Resorts Inc.), Assignment and Assumption Agreement (Park Hotels & Resorts Inc.), Credit Agreement (Park Hotels & Resorts Inc.)

AutoNDA by SimpleDocs

Obligations with Respect to Loan Parties. The obligations of the Company to direct or prohibit the taking of certain actions by the other Loan Parties and Subsidiaries as specified herein and in the other Credit Documents shall be absolute and not subject to any defense the Company may have that the Company does not control such Loan Parties or SubsidiariesParties.

Appears in 3 contracts

Samples: Credit Agreement (Serologicals Corp), Credit Agreement (Docucorp Inc), Credit Agreement (Docucorp Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.