Examples of German Credit Party in a sentence
For purposes of the Abstract Acknowledgements of Indebtedness only, the Collateral Agent shall be the joint creditor (together with the relevant Secured Creditor) of all obligations of the Canadian Borrower or, in case of the Additional Abstract Acknowledgment, of all obligations of the relevant German Credit Party towards each of the Secured Creditors under the Credit Documents, the Post Petition Swap Agreements and the Post Petition Cash Management Arrangements.
Each German Credit Party hereby releases the Company from any restrictions on representing several persons and self-dealing (Insichgeschäft) pursuant to section 181 German Civil Code (Bürgerliches Gesetzbuch).
Xxxxxxxx Xxxx and Xxxxxxxx L'Orange are sometimes referred to herein individually as a "German Credit Party" and collectively as the "German Credit Parties".
Also, fragmented vacation, funeral leave, and holiday option days taken by an employee will count as a day worked in determining if an employee is to be compensated at time and one-half for all hours worked in excess of forty (40) hours within the applicable payroll week.
Notwithstanding anything set forth herein or in any other Credit Document, it is understood and agreed that neither German Borrower is a party to this Agreement on the Closing Date and no German Security Document or U.K. Security Document to which any German Credit Party is required to be a party has been entered into on the Closing Date.
In each case the foregoing is subject to the relevant guarantee and enforcement limitations as set out in the respective joinder of Amicus Germany or of any other German Credit Party and/or the German Security Documents, and shall only apply to the extent the foregoing would not result in a risk of personal or criminal liability for any officer, director, employee, manager, member of management or consultant of Amicus Germany or any other German Credit Party.