Examples of Bridge in a sentence
If Buyer, using good faith efforts, is unable to obtain a Bridge Loan and Sketch Plan Approval, Buyer shall provide Seller with written notice within said Sketch Plan and Bridge Loan Contingency Period and this Agreement shall be terminated, the Deposit returned to Buyer, and neither party shall have any further obligations under this Agreement.
None of the Existing Notes Collateral Agent, the FP Notes Collateral Agent nor the Bridge Notes Collateral Agent shall have any liability or responsibility for the actions or omissions of any other Secured Party’s compliance with (or failure to comply with) the terms of this Agreement.
For the avoidance of doubt, the parties hereto acknowledge that in no event shall the Existing Notes Collateral Agent, the FP Notes Collateral Agent or the Bridge Notes Collateral Agent be responsible or liable for special, punitive, indirect, or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether any such party has been advised of the likelihood of such loss or damage and regardless of the form of action.
Each Collateral Agent, on behalf of itself and each Secured Party under the applicable Bridge Notes NPA, Existing NPA, FP NPA or Additional First Lien Debt Facility, agrees that it will (at the sole cost and expense of the Company) take such further action and shall execute and deliver such additional documents and instruments (in recordable form, if requested) as the other parties hereto may reasonably request to effectuate the terms of, and the Lien priorities contemplated by, this Agreement.
The Bridge Notes Collateral Agent represents and warrants that the Bridge Notes NPA provides that this Agreement is binding upon the Bridge Notes Secured Parties.