Each Grantor definition

Each Grantor has guaranteed the Borrower's obligations under the Credit Agreement pursuant to the Guaranty dated as of June 12, 1998, each among the Grantors in favor of the Banks, the Co-Documentation Agents and the Agent (as amended or otherwise modified from time to time, the "Guaranty"). Under the Credit Agreement, each Grantor is required to execute and deliver this Security Agreement. Therefore, in order to induce the Banks to enter into the Credit Agreement and to make the Advances and the Issuing Banks to issue the Letters of Credit in accordance with the terms of the Credit Agreement, each Grantor hereby agrees with the Agent for its benefit and the ratable benefit of the Banks as follows:
View Source
Each Grantor or “any Grantor, as applicable.
View Source

Examples of Each Grantor in a sentence

  • Each Grantor acknowledges and agrees that any such private sale may result in prices and other terms less favorable than if such sale were a public sale and, notwithstanding such circumstances, agrees that any such private sale shall be deemed to have been made in a commercially reasonable manner.

  • Each Grantor acknowledges and agrees that any such sale might result in prices and other terms less favorable to the seller than if such sale were a public sale without such restrictions.

  • Each Grantor further agrees, at the Administrative Agent’s request, to assemble the Collateral and make it available to the Administrative Agent at places which the Administrative Agent shall reasonably select, whether at such Grantor’s premises or elsewhere.

  • Each Grantor agrees that, to the extent notice of sale shall be required by law, at least ten days’ notice to such Grantor of the time and place of any public sale or the time after which any private sale is to be made shall constitute reasonable notification.

  • Each Grantor agrees to provide such information to the Collateral Agent promptly upon request.

  • Each Grantor understands that compliance with the Federal Securities Laws might very strictly limit the course of conduct of the Collateral Agent if the Collateral Agent were to attempt to dispose of all or any part of the Pledged Collateral, and might also limit the extent to which or the manner in which any subsequent transferee of any Pledged Collateral could dispose of the same.

  • Each Grantor hereby waives notice of the time and place of any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may be made.

  • Each Grantor also acknowledges that any private sale may result in prices and other terms less favorable to the seller than if such sale were a public sale and, notwithstanding such circumstances, agrees that any such private sale shall not be deemed to have been made in a commercially unreasonable manner solely by virtue of such sale being private.

  • Each Grantor agrees that it would not be commercially unreasonable for the Collateral Agent to dispose of the Collateral or any portion thereof by using Internet sites that provide for the auction of assets of the types included in the Collateral or that have the reasonable capability of doing so, or that match buyers and sellers of assets.

  • Each Grantor agrees that, to the extent notice of sale shall be required by law, at least ten (10) days notice to such Grantor of the time and place of any public sale or the time after which any private sale is to be made shall constitute reasonable notification.