Parallel Debt. (a) Each Loan Party which agrees to provide security expressed to be governed by Dutch law (a “Dutch Collateral Party”) hereby irrevocably and unconditionally undertakes to pay to the Administrative Agent an amount equal to the amounts due by that Dutch Collateral Party in respect of its Corresponding Obligations as they may exist from time to time. The payment undertaking of each Dutch Collateral Party under this Article 8 (Parallel Debt) are each to be referred to as a “Parallel Debt”.
Appears in 4 contracts
Samples: First Amendment Agreement (PQ Group Holdings Inc.), Patent Security Agreement (PQ Group Holdings Inc.), Trademark Security Agreement (PQ Group Holdings Inc.)
Parallel Debt. (a) Each Holdings, and any other Loan Party which agrees to provide providing security expressed to be governed by under a Dutch law Collateral Document (each a “Dutch Collateral Party”) hereby irrevocably and unconditionally undertakes to pay to the Administrative Agent an amount equal to the amounts aggregate amount due by that Dutch Collateral Party in respect of its the Corresponding Obligations as they may exist from time to time. The They payment undertaking of each of the Dutch Collateral Party Parties under this Article 8 Section 9.12 (Parallel Debt) are each is to be referred to as a its “Parallel Debt”.
Appears in 4 contracts
Samples: Credit Agreement (Ichor Holdings, Ltd.), Credit Agreement (Ichor Holdings, Ltd.), Credit Agreement (Ichor Holdings, Ltd.)
Parallel Debt. (ai) Each Dutch Loan Party which agrees to provide security expressed to be governed by Dutch law (a “Dutch Collateral Party”) hereby irrevocably and unconditionally undertakes to pay to the Administrative Agent an amount equal to the amounts aggregate amount due by that such Dutch Collateral Loan Party in respect of its the Corresponding Obligations as they may exist from time to time. The payment undertaking of each of the Dutch Collateral Party Loan Parties under this Article 8 Section 28 (Parallel Debt) are each is to be referred to as a its “Parallel Debt”.
Appears in 2 contracts
Samples: Credit Agreement (Sprague Resources LP), Security Agreement
Parallel Debt. (a) Each Loan Netherlands Collateral Party which agrees to provide security expressed to be governed by Dutch law (a “Dutch Collateral Party”) hereby irrevocably and unconditionally undertakes to pay to the Administrative Collateral Agent an amount equal to the amounts aggregate amount due by that Dutch Collateral Party in respect of its the Corresponding Obligations as they may exist from time to time. The payment undertaking of each Dutch of the Netherlands Collateral Party Parties under this Article 8 (Parallel Debt) are each Section 8.19 is to be referred to as a “Parallel Debt”."
Appears in 2 contracts
Samples: Credit Agreement (Elephant Talk Communications Corp), Credit Agreement (PARETEUM Corp)
Parallel Debt. (a) Each Loan Party which agrees to provide security For the purpose of any Security Document expressed to be governed by Dutch law (a “law, each Dutch Collateral Party”) Credit Party hereby irrevocably and unconditionally undertakes to pay to the Administrative Foreign Collateral Agent an amount equal to the amounts aggregate amount due by that the Dutch Collateral Party Credit Parties in respect of its the Corresponding Obligations as they may exist from time to time. The payment undertaking of each of the Dutch Collateral Party Guarantors under this Article 8 (Parallel Debt) are each Section 11.29 is to be referred to as a its “Parallel Debt”.
Appears in 1 contract
Samples: Credit Agreement (Nn Inc)
