Assets Documents definition
Examples of Assets Documents in a sentence
Subject to Section 5.19, in the event of any conflict between the provisions of this Agreement and the provisions of the Fixed Assets Documents the provisions of this Agreement shall govern and control.
The Chargor shall not amend, extend, renew or otherwise modify any material Security Assets Documents, commence or settle or take any action with respect to the enforcement of any Security Assets Documents following any breach or default thereunder, or permit or authorize any of the foregoing, in each case without the prior written consent of the Chargee.
This Agreement, together with the other Fixed Assets Documents and the Fixed Assets Collateral Documents, represents the entire agreement of each of the Grantors and the Fixed Assets Claimholders with respect to the subject matter hereof and thereof and supersedes any and all previous agreements and understandings, oral or written, relating to the subject matter hereof and thereof.
To the extent any Collateral Agent or any other Fixed Assets Claimholder receives proceeds of such insurance policy and such proceeds are not permitted or required to be returned to any Grantor under the applicable Fixed Assets Documents, such proceeds shall be turned over to the Applicable Collateral Agent for application as provided in Section 2.1 hereof.
The Chargor has delivered to the Chargee true, correct and complete copies of all Security Assets Documents and no amendments, variations, supplements or modifications have been proposed or agreed by the parties thereto, except as consented to by the Chargee, and each of the Security Assets Documents are valid and subsisting and no action has been taken by any party thereto which would in any way render the Security Assets Documents inoperative or unenforceable in any material respect.
In entering into this Agreement, or in taking (or forbearing from) any action under or pursuant to this Agreement, each Fixed Assets Debt Agent and the ABL Agent shall have and be protected by all of the rights, immunities, indemnities and other protections granted to it under the ABL Debt Documents and the applicable Fixed Assets Documents, as applicable.
Except as Disclosed to the Purchaser, to the Vendor’s Knowledge: (i) true and complete copies, in all material respects, of all of the Existing Hotel Contracts and Existing Leases shall be included in the Hotel Assets Documents; and (ii) the Hotel Assets Documents Disclosed to the Purchaser pursuant to Section 2.5(f) and prepared by the Vendor, as well as any other due diligence documents provided to the Purchaser by the Vendor and prepared by the Vendor, are true and complete in all material respects.
If any of the Representatives and/or Collateral Agents resigns or is replaced pursuant to the applicable Fixed Assets Documents its successor shall be deemed to be a party to this Agreement and shall have all the rights of, and be subject to all the obligations of, this Agreement.
The Transferor hereby grants the Transferee and its assignees an irrevocable, transferable, ownership interest in the Contributed Assets (subject to the limitations that may be set forth in the Contributed Assets Documents).