Examples of EPN Credit Agreement in a sentence
The Lenders also hereby authorize and appoint the Administrative Agent to act as their agent with respect to the execution and delivery of that certain Intercreditor Agreement dated as of June 30, 2000, by and between the Administrative Agent and The Chase Manhattan Bank, acting in its capacity as the Administrative Agent under the EPN Credit Agreement.
If at any time The Chase Manhattan Bank resigns or is replaced as the Collateral Agent then the "Required Lenders" as defined in the EPN Credit Agreement shall select a replacement "collateral agent" hereunder and for the EPN Security Documents in accordance with the procedures provided in the EPN Credit Agreement for replacement of the "Administrative Agent", subject to the approval of the Sponsor as set forth therein.
No Default or Event of Default under the EPN Credit Agreement has occurred and is continuing.
Except for the Lien granted to the Collateral Agent for the ratable benefit of the EPN Group Lenders and the Xxxxx Xxxx Lenders pursuant to this Security Agreement and the other Liens permitted to exist on the Collateral pursuant to the EPN Credit Agreement or the EPNHC Credit Agreement, each Grantor owns each item of the Collateral free and clear of any and all Liens or claims of others.
Within five days after the same are sent, deliver copies of all financial statements and reports which the Sponsor sends to the holders of its Capital Stock (as defined in the EPN Credit Agreement), and within five days after the same are filed, copies of all financial statements and reports which the Sponsor may make to, or file with, the Securities Exchange Commission or any successor or analogous Government Authority.
The Administrative Agent shall have received a certified copy of each of (i) the EPN Credit Agreement, (ii) the First Amendment to Sixth Amended and Restated Credit Agreement relating to the EPN Credit Agreement, (iii) the EPNHC Credit Agreement, (iv) the First Amendment to Amended and Restated Credit Agreement relating to the EPNHC Credit Agreement, and (v) the Borrower Guarantee.
Each Grantor will not create, incur or permit to exist, will defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral, other than the Liens created hereby and other than as permitted pursuant to the EPN Credit Agreement or the EPNHC Credit Agreement, and will defend the right, title and interest of the Collateral Agent and the EPN Group Lenders in and to any of the Collateral against the claims and demands of all Persons whomsoever.
The Collateral Agent and the EPN Group Lenders do not authorize, and each Grantor agrees not to sell, transfer, lease or otherwise dispose of any of the Collateral, or attempt, offer or contract to do so except to the extent expressly permitted by the EPN Credit Agreement or the EPNHC Credit Agreement.
The Administrative Agent shall have received a copy of the Second Amendment (as defined in the Existing EPNHC Credit Agreement), executed and delivered by a duly authorized officer of EPN, El Paso Energy Partners Finance Corporation, JPMorgan and the Required Lenders (as such term is defined in the Existing EPN Credit Agreement).
The Clawback Obligation of the Sponsor set forth in Section 1 hereof ranks in priority of payment pari passu with the Indebtedness of the Sponsor under the EPN Credit Agreement.