Examples of Guarantee and Collateral Agreement in a sentence
As of the Closing Date, all action necessary (including the filing of UCC-1 financing statements) to protect and evidence the Trustee’s security interest in the Collateral in the United States will have been duly and effectively taken (as described in, and subject to any exceptions to be set forth in, the Base Indenture or the Guarantee and Collateral Agreement).
Upon request by the Collateral Agent at any time, the Required DIP Creditors or such DIP Creditors required to authorize or approve the releases and subordination described herein will confirm in writing the Collateral Agent’s authority to release or subordinate its interest in particular types or items of property pursuant to this paragraph or to release any Guarantor from the obligations under the Guarantee and Collateral Agreement or any other Security Document.
On the Closing Date, the Guarantee and Collateral Agreement will conform in all material respects to the description thereof in each of the Pricing Disclosure Package and the Offering Memorandum.
At the Closing Date, each of the Guarantors will have all requisite limited liability company power and authority to execute, deliver and perform its obligations under the Guarantee and Collateral Agreement.
Any property subject to any Transaction Document that grants a Lien to secure any obligations under the Indenture or the Guarantee and Collateral Agreement (“ Collateral”) is owned with good title by one of the Co-Issuers or a Guarantor, free and clear of all Liens other than Permitted Liens.