Examples of Additional Secured Parties in a sentence
Each of the parties hereto hereby acknowledges and agrees that each of the Additional Priority Debt Representative and the Additional Secured Parties shall be entitled to the benefits of the guarantee of the Guarantors pursuant to Article 2 of the Guarantee and Collateral Agreement.
The Additional Priority Debt Representative on behalf of the Additional Secured Parties hereby agrees to be bound by the terms of the Guarantee and Collateral Agreement as fully as if the Additional Priority Debt Representative had executed and delivered said Guarantee and Collateral Agreement as of the date thereof and shall be entitled to the benefits of the guarantee of the Guarantors pursuant to the Article 2 of said Guarantee and Collateral Agreement.
Each of the Guarantors and Pledgors, as applicable, hereby reaffirms and confirms its respective guarantees, pledges, grants of security interests and other obligations, as applicable, under and subject to the terms of the Guarantee and Collateral Agreement in favor of the Additional Priority Debt Representative for the benefit of the Additional Secured Parties with respect to the Additional Guaranteed Obligations.
If the Grantor incurs or guarantees any Additional Secured Debt, the Additional Representative of the holders of such Additional Secured Debt shall enter into an Accession Agreement, and thereafter the relationship between the Existing Secured Parties and the Additional Secured Parties will be governed by this Agreement.
Pursuant to the Credit Agreement Documents and the Senior Notes First Lien Documents (each as defined in the Intercreditor Agreement), the Company and the other Debtors are required to grant to the Collateral Agent, for the benefit of the Credit Agreement Secured Parties, the Senior Notes Secured Parties and the Additional Secured Parties (each as defined in the Intercreditor Agreement) a pledge, security interest and lien over each Debtor’s rights in the Collateral.