Parent Credit Agreement Sample Clauses

Parent Credit Agreement. Notwithstanding anything to the contrary set forth herein, including in Sections 6.01 and 6.04, neither the Borrower nor any of its subsidiaries will become a party to, or otherwise create, incur, assume or permit to exist any Indebtedness (whether as a principal obligor or a guarantor) of the Borrower or any of its subsidiaries under the Existing Parent Term Credit Agreement or the Existing Parent Revolving Credit Agreement.
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Parent Credit Agreement. An “Event of Default” under and as defined in the Parent Credit Agreement shall have occurred and be continuing; then, and in any such event, and at any time thereafter, if any Event of Default shall then be continuing, the Administrative Agent, upon the written request of the Required Lenders, shall by written notice to the Borrowers, take any or all of the following actions, without prejudice to the rights of the Administrative Agent, any Lender or the holder of any Note to enforce its claims against any Credit Party (provided that, if an Event of Default specified in Section 10.05 shall occur, the result which would occur upon the giving of written notice by the Administrative Agent to the Borrowers as specified in clauses (i) and (ii) below shall occur automatically without the giving of any such notice): (i) declare the Revolving Loan Commitments terminated, whereupon all Revolving Loan Commitments of each Lender shall forthwith terminate immediately and any Commitment Commission shall forthwith become due and payable without any other notice of any kind; (ii) declare the principal of and any accrued interest in respect of all Loans and the Notes and all Obligations owing hereunder and thereunder to be, whereupon the same shall become, forthwith due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by each Credit Party; and (iii) enforce, as Collateral Agent, all of the Liens and security interests created pursuant to the Security Documents.
Parent Credit Agreement. The Parent Credit Agreement Condition shall have been satisfied.
Parent Credit Agreement. An “Event of Default” under and as defined in the Parent Credit Agreement shall have occurred and be continuing; or
Parent Credit Agreement. Each of the representations and warranties made by the Parent in Sections 6.4, 6.5, 6.7 and 6.13 of the Parent Credit Agreement are true and accurate in all material respects.
Parent Credit Agreement. A copy of the fully-executed copy of the Parent Credit Agreement, and all conditions precedent to funding thereunder shall have been satisfied.
Parent Credit Agreement. Borrower and Parent shall promptly provide to Lender, but in no event later than ten (10) business days after Borrower’s and/or Parent’s receipt of same, a true, complete and correct copy of: (i) any and all amendments, modifications and/or restatements of the Parent Credit Agreement and the Loan Documents (as defined in the Parent Credit Agreement), and (ii) any and all notices from Parent Lender with respect to either (A) the intent of Parent Lender to accelerate all or any portion of the indebtedness owing under the Parent Credit Agreement, and/or (B) the acceleration of all or any portion of the indebtedness owing under the Parent Credit Agreement.
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Parent Credit Agreement. Parent Lender shall have declared all or any portion of the indebtedness owing under and/or in connection with the Parent Credit Agreement to be immediately due and payable; or
Parent Credit Agreement. (a) Except as otherwise expressly provided herein, capitalized terms used in this Agreement, not otherwise defined herein and defined in the Parent Credit Agreement shall have the meanings specified in the Parent Credit Agreement. Unless the context otherwise requires, all terms defined in the New York UCC (as defined herein) and not defined in this Agreement have the meanings specified therein; the term “instrument” shall have the meaning specified in Article 9 of the New York UCC.
Parent Credit Agreement. The outstanding principal amount of all borrowings under the Parent Credit Agreement as of the date hereof does not exceed $200,400,000. Section 4.30
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