LCHI definition
Examples of LCHI in a sentence
Notwithstanding any provision of this Agreement or in any other Loan Document, express or implied, in no event shall ▇▇▇▇ or LCHI be obligated to make any payments in respect of an Obligation of the Company, LUSA or a Loan Party that is a U.S. person, it being the intention of the parties hereto to avoid adverse tax consequences due to the application of Section 956 of the Code.
Each of (x) the Company and LUSA shall, jointly and severally with respect to all Obligations and (y) ▇▇▇▇ and LCHI shall, with respect to their own respective Obligations, indemnify the Administrative Agent, and shall make payment in respect thereof within 10 days after demand therefor, for any amount which a Lender or an L/C Issuer for any reason fails to pay indefeasibly to the Administrative Agent as required pursuant to Section 3.01(c)(ii) below.
Each of the Parent and the Subsidiary Guarantors (each a “Guarantor” and collectively the “Guarantors”, and excluding, for the avoidance of doubt, LCHI), consents to the execution and delivery by the Borrower of this Amendment and hereby ratifies and confirms the terms of each Guarantee to which it is a party with respect to all Indebtedness and other Obligations now or hereafter outstanding under the Credit Agreement as amended hereby.
Each of (x) the Company and LUSA shall, jointly and severally with respect to all Obligations and (y) ▇▇▇▇ and LCHI shall, with respect to their own respective Obligations, indemnify the Administrative Agent, and shall make payment in respect thereof within 10 days after demand therefor, for any amount which a Lender for any reason fails to pay indefeasibly to the Administrative Agent as required pursuant to Section 3.01(c)(ii) below.