Fleet Documents definition
Examples of Fleet Documents in a sentence
Accrued interest will continue to be paid on -------- the Allowed Secured Fleet Claim monthly, in arrears, on the first day of the month, at the rate of interest provided in the New Fleet Documents.
The Pledgor and Fleet acknowledge that this Agreement supplements the Pledgor's existing cash management and other relationships with Fleet and in no way is this Agreement intended to abridge any rights that Fleet might otherwise have under the Fleet Documents or applicable law.
In addition to the principal --------------------- payments provided for above, mandatory prepayments of principal will be due and payable from and after the Effective Date on a quarterly basis, on the 15th day of each March, June, September and December, beginning June 15, 1997, based on fifty percent (50%) of Excess Cash Flow as defined in the New Fleet Documents, and in accordance with the New Fleet Documents.
In addition, with respect to this section 10 and each of the other provisions of this Agreement, if any, which relate to the subordination of the Notes to Superior Indebtedness, the holders of the Superior Indebtedness, including, without limitation, Fleet and its successors and assigns under and with respect to the Fleet Documents, are third-party beneficiaries.
Upon the Effective Date, the Allowed ---------------- Secured Fleet Claim shall be treated as an allowed, fully secured claim that is payable from and after the Effective Date pursuant to the terms hereof and the New Fleet Documents, without defense, offset or counterclaim.
Nothing in this section 7.1 shall release the Fleet Released Parties from any of its obligations under, or otherwise affect any party's rights pursuant to the Plan or the New Fleet Documents.
New Fleet Documents...................................................