GBRP definition
Examples of GBRP in a sentence
GBRP and the Borrower shall not amend, modify or supplement the GBRP Engagement Letter without the prior written consent of the Administrative Agent and the FILO B Documentation Agent, and the Borrower agrees not to terminate, or cause the termination of, the services of GBRP without the prior written consent of the Administrative Agent and the FILO B Documentation Agent.
This Section 5.07(f) shall be of no further force or effect following the completion of two (2) Inventory Appraisals, acceptable to the Administrative Agent and the FILO B Documentation Agent, in the normal course pursuant to Section 5.07(c), unless prior to the completion of the second such Inventory Appraisal, the Administrative Agent requires such engagement of GBRP to continue.
Merchants intend to request, in connection with the Approval Order, that the Existing Agreement be assumed pursuant to Section 365 of the Bankruptcy Code, pursuant to which GBRP would be authorized to continue the store closing sales at the Prior Stores under the terms of the Existing Agreement.
The Borrower shall cause GBRP to provide the Administrative Agent and the FILO B Documentation Agent with such reports and evaluations relating to the foregoing services on a monthly basis.
The Loan Parties shall at all times comply with the terms of the GBRP Engagement Letter, cooperate fully and completely with GBRP and agree to provide GBRP with full and complete access to all of the books and records, employees and personnel, management and premises of the Loan Parties as and when deemed necessary by GBRP in connection with the services provided by GBRP under the GBRP Engagement Letter.
The Borrower hereby acknowledges that the Administrative Agent may, in its Permitted Discretion, implement and Availability Reserve based on the results of any of the services that GBRP will be providing in connection with the GBRP Engagement Letter as described above.