Examples of Loan Document Claimholders in a sentence
Nothing in this Agreement shall impair, as between Parent or any of its Subsidiaries and Agent and the other Loan Document Claimholders, or as between Parent or any of its Subsidiaries and Txxxxxx, any obligations of Parent or its Subsidiaries to pay principal, interest, fees and other amounts as provided in the Loan Documents and the Txxxxxx Documents, respectively.
This Agreement shall be binding upon Agent, Loan Document Claimholders, Txxxxxx, and their respective successors and assigns (including any trust holding any of assets or properties of such persons and any estates (if any) of such persons).
The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of Agent and the other Loan Document Claimholders, on the one hand, and Txxxxxx on the other hand.
Agent and the other Loan Document Claimholders may continue, at any time, without notice to Txxxxxx, to extend credit and other financial accommodations to or for the benefit of Parent or any of its Subsidiaries constituting Loan Document Debt.
Agent, for itself and on behalf of the Loan Document Claimholders, and Txxxxxx, for himself and on behalf of the Sellers, desire to enter into this Agreement to (a) confirm the relative priority of their respective Liens in the Collateral (as hereinafter defined), and (b) address certain other matters.
This Agreement and the rights and benefits hereof shall inure to the benefit of each of the parties hereto and its respective successors and assigns and shall inure to the benefit of and bind each of Loan Document Claimholders and Txxxxxx.
Notwithstanding the foregoing, Agent agrees on behalf of itself and the other Loan Document Claimholders that the Commitments under the Loan Documents shall terminate on March 31, 2013 unless Txxxxxx in his sole discretion shall agree in a writing delivered to Agent to extend such date.
In connection with any exercise of rights or remedies with respect to the Collateral, the Loan Document Claimholders may enforce the provisions of the Loan Documents and exercise remedies thereunder, all in such order and in such manner as they may determine in the exercise of their sole discretion.
Furthermore, anything to the contrary contained herein notwithstanding and for the avoidance of doubt, Agent and the other Loan Document Claimholders may at any time and from time to time exercise any rights or remedies with respect to any assets of any Borrower or Guarantor other than the Collateral.