NBGL definition
Examples of NBGL in a sentence
The Borrower shall have delivered true and correct copies of the NBGL Documents to the Agent.
The Borrower, the Guarantors and NBGL jointly and severally agree to pay to the Agent the customary per diem rates plus reasonable out-of-pocket expenses for each of the Agent's examiners and the reasonable costs to the Agent with respect to third party examiners, for a total of three examinations per calendar year prior to an Event of Default and for unlimited examinations after an Event of Default.
In addition to the foregoing, and notwithstanding anything to the contrary contained in this Section, neither the Borrower nor CPS shall (nor shall NBGL be permitted to), unless the Required Banks otherwise consent in writing, repurchase any Credit Card Receivables from Great Lakes pursuant to Section 2.05 of the Receivables Agreement.
NBGL has full right and authority, subject to no interest or participation of, or agreement with, any other party, to sell and assign each Account to Household Bank pursuant to this Agreement except as provided in the Securitization Contracts.
During the year prior to the Cut-Off Time, Accounts and NBGL Retained Accounts were charged off by Seller in accordance with the Charge-Off Practices.
No Account or NBGL Retained Account is currently pledged by NBGL or the Company or is subject to any Liens other than Permitted Liens.
No Account Receivable or NBGL Receivable is currently pledged by any Seller or is subject to any Liens other than Permitted Liens.
The respective obligations of Household Bank and NBGL under this Section 6.11 shall survive the termination of this Agreement until such Party has no other obligations under this Agreement or any other Transaction Document.
The Agent has the sole right to waive the provisions hereunder and permit the Borrower and CPS to change or modify (or cause NBGL to change or modify) the Credit Card Agreements or its' Credit Card Guidelines, provided, however, that to the extent that such waiver, change or modification would have a Material Adverse Effect, the consent of the Required Banks shall be obtained.
When a term defined herein with respect to Accounts or Account Receivables is used with respect to NBGL Retained Accounts or NBGL Receivables, such term shall have the meaning it would have if the NBGL Retained Accounts were a subset of the Accounts rather than excluded from the definition of "Accounts".