FDSI definition
Examples of FDSI in a sentence
This Agreement is, and each of the other Loan Documents to which FDSI or the Borrower is to be a party when delivered hereunder will be, the legal, valid and binding obligation of FDSI or the Borrower, as applicable, enforceable against FDSI or the Borrower, as applicable, in accordance with its terms.
Each bank serving as an Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent, and such bank and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with FDSI, the Borrower or any other Subsidiary or other Affiliate thereof as if it were not an Agent hereunder.
FDSI will, and will cause each of the Subsidiaries to comply, in all material respects, with all applicable laws, rules, regulations and orders (including ERISA and environmental laws), except, in any case, where the failure so to comply, either individually or in the aggregate, could not be reasonably expected to have a Material Adverse Effect.
FDSI will not permit the Leverage Ratio as of the last day of any Measurement Period to exceed 0.62 to 1.00.
FDSI will not permit the Interest Coverage Ratio as of the last day of any Measurement Period to be less than 3.25 to 1.00.
Each of FDSI and the Borrower is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation.
FDSI and the Borrower hereby request such counsel to deliver such opinion.
Each Agent may consult with legal counsel (who may be counsel for FDSI or the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.
This Agreement has been, and each of the other Loan Documents to which FDSI or the Borrower is to be a party when delivered hereunder will have been, duly executed and delivered by FDSI or the Borrower, as applicable.
Upon any such resignation, the Required Lenders shall have the right with the consent of FDSI (not to be unreasonably withheld), to appoint a successor.