Examples of Grantor Subsidiary in a sentence
The Domestic Borrower shall maintain (or cause each Collateral Grantor Subsidiary to maintain) either (i) a separate bank account wherein the proceeds of such Collateral Grantor Subsidiary's Accounts Receivable are deposited, or (ii) records pertaining to a commingled account of the Domestic Borrower plainly identifying all monies belonging to each Collateral Grantor Subsidiary.
At the request and sole expense of such Grantor, a Grantor Subsidiary shall be released from its obligations hereunder in the event that all the Capital Stock or substantially all of the assets of such Grantor Subsidiary shall be sold, transferred or otherwise disposed of in a transaction permitted by the Credit Agreement (including by way of merger or consolidation).
The Guarantor and each Grantor Subsidiary hereby confirms that each Credit Document to which it is a party or otherwise bound and all Collateral encumbered thereby will continue to guarantee or secure, as the case may be, to the fullest extent possible in accordance with the Credit Documents the payment and performance of all “Obligations” under each of the Credit Documents to which it is a party (in each case as such term is defined in the applicable Credit Document).
Corporation Delaware 00 Xxxxxx Xxxxxx, Xxx Xxxx, XX 00000 5230394 Mulberry Management Corporation Corporation Delaware 00 Xxxxxx Xxxxxx, Xxx Xxxx, XX 00000 5584228 Schedule II to the Guarantee and Collateral Agreement EQUITY INTERESTS; PLEDGED DEBT SECURITIES Grantor Subsidiary Certificate No. No. Shares/Percentage Interest Mulberry Health Inc.
The Guarantor and each Grantor Subsidiary hereby acknowledges that it has reviewed the terms and provisions of the LC Facility Agreement and this Second Amendment and acknowledges the amendment of the LC Facility Agreement effected pursuant to this Second Amendment.
The provisions of this Section 6.4 are, and are intended, solely to establish certain rights as between the Secured Parties and shall not create, and shall not be construed as creating, any rights enforceable by any Grantor, any Subsidiary or any Affiliate of any Grantor (regardless of whether such Grantor, Subsidiary or Affiliate is a Secured Party) or rights enforceable by the Indenture Trustee against any Grantor unless and to the extent required by the express terms of the Indenture.
SCHEDULE C to Perfection Certificate Subsidiaries Name of Grantor Subsidiary Number of Shares/Units Class of Interests Percentage of Class Owned Certificate Nos.
The payment by the Company of the principal of, and premium and interest on, the Floating Rate Securities is fully and unconditionally guaranteed on a joint and several senior secured basis by each of the Grantor Subsidiary Guarantors and on a senior unsecured basis by each other Subsidiary Guarantor, in each case, to the extent set forth in the Indenture and the Security Documents.
The Guarantor and each Grantor Subsidiary acknowledges and agrees that any of the Credit Documents to which it is a party or otherwise bound shall continue in full force and effect and that all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this First Amendment.
Upon the sale, transfer or disposition (other than by an operating lease) by any Grantor of a Railcar (that constitutes Collateral) to (x) any Person that is not a Grantor, Subsidiary or Affiliate or (y) to JAIX Leasing Company in a transaction permitted by the Credit Agreement, the security interest in and Lien of the Administrative Agent on such Railcar is automatically released.