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:
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Each Grantor or “any Grantor, as applicable. (b) The provisions of this Section 5.03 shall remain operative and in full force and effect regardless of the termination of this Agreement or any other Note Document, the consummation of the transactions contemplated hereby or thereby, the repayment of any of the Secured Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Note Document, or any investigation made by or on behalf of any Secured Party. All amounts due under this Section 5.03 shall be payable not later than twenty (20) Business Days after written demand therefor; provided, however, any
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Examples of Each Grantor in a sentence

  • Should there be more than one Grantor, the obligations imposed by this Conservation Restriction upon each Grantor shall be joint and several.

  • As security for the payment or performance, as the case may be, in full of the Secured Obligations, each Grantor hereby grants to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, a security interest (the “Security Interest”) in all of such Grantor’s right, title and interest in, to and under the Intellectual Property on Schedule I attached hereto (collectively, the “Intellectual Property Collateral”).

  • Without limiting the generality of the foregoing, each Grantor agrees that the Collateral Agent shall have the right, subject to the mandatory requirements of applicable law and the notice requirements described below, to sell or otherwise dispose of all or any part of the Collateral at a public or private sale or at any broker’s board or on any securities exchange, for cash, upon credit or for future delivery as the Collateral Agent shall deem appropriate.

  • Without the prior written consent of the Collateral Agent, each Grantor shall not make or maintain any Deposit Account, Commodity Account or Securities Account except for the accounts set forth in Schedule IV hereto.

  • This Agreement and the rights and benefits hereof shall inure to the benefit of, and be binding upon, each Collateral Agent, Representative, the First Lien Secured Parties and their respective successors and assigns and shall inure to the benefit of each of, and be binding upon, the holders of the First Lien Obligations; provided that each Grantor is an intended third-party beneficiary of, and may assert the benefits of Sections 2.04, 5.03(b), 5.03(c) and 5.19.

  • Pursuant to Section 9 of the Pledge and Security Agreement and in accordance with Section 7.1 of the Collateral Trust Agreement, by executing and delivering this Amendment, the Issuers and each Grantor party hereto, hereby amend and restate all Schedules to the Pledge and Security Agreement as set forth in Annex I hereto.

  • Should there be more than one Grantor, the obligations imposed by this Conservation Restriction/Easement upon each Grantor shall be joint and several.

  • This Amendment shall be binding upon the successors and assigns of each Grantor and shall inure to the benefit of the parties hereto and their successors and assigns; provided, that no Issuers or other Grantors may assign, transfer or delegate any of their rights or obligations under this Amendment without the prior written consent of the Collateral Trustee and any such assignment, transfer or delegation without such consent shall be null and void.

  • The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement.

Related to Each Grantor

  • the Constitution means the Constitution of the Republic of South Africa, Act 108 of 1996

  • Grantor means each and all of the persons or entities granting a Security Interest in any Collateral for the Loan, including without limitation all Borrowers granting such a Security Interest.

  • Legal Action means and includes any claim, counterclaim, demand, action, suit, counterclaim, arbitration, inquiry, proceeding or investigation before any

  • Debtor as defined in 11 U.S.C. Section 101 or any successor statute thereto (unless, in the case of a petition filed against Lessee, the same is dismissed within sixty (60) days); (iii) the appointment of a trustee or receiver to take possession of substantially all of Lessee's assets located at the Premises or of Lessee's interest in this Lease, where possession is not restored to Lessee within thirty (30) days; or (iv) the attachment, execution or other judicial seizure of substantially all of Lessee's assets located at the Premises or of Lessee's interest in this Lease, where such seizure is not discharged within thirty (30) days; provided, however, in the event that any provision of this subparagraph 13.1 (e) is contrary to any applicable law, such provision shall be of no force or effect, and not affect the validity of the remaining provisions.

  • Original Jurisdiction means, in relation to an Obligor, the jurisdiction under whose laws that Obligor is incorporated as at the date of this Agreement or, in the case of an Additional Obligor, as at the date on which that Additional Obligor becomes Party as a Borrower or a Guarantor (as the case may be).

  • Secured Party means either party, when that party (i) makes a demand for or is entitled to receive Eligible Credit Support under Paragraph 3(a) or (ii) holds or is deemed to hold Posted Credit Support.

  • Execution Venue means the entity with which client orders, assets or securities are placed and/or to which the Company transmits Client’s orders for execution.