OPNY definition
Examples of OPNY in a sentence
OPNY LP is a limited partnership, duly formed, validly existing and in good standing under the Laws of Delaware.
THIS ASSIGNMENT has been granted in conjunction with the security interest granted to the OPNY Administrative Agent for the benefit of the Secured Parties under the Security Agreement.
This Agreement shall create a continuing pledge, assignment of hypothecation of and security interest in the Collateral and shall remain in full force and effect until no OPNY Lender shall have any Commitment outstanding and until the Notes, together with interest, and all other Secured Obligations are indefeasibly paid in full in cash.
Pledgor will hold and preserve such records and will permit representatives of the OPNY Administrative Agent at any time, upon reasonable prior notice, during normal business hours to inspect and make abstracts from such records.
Each of the Seller Entities (other than OPNY LP) is a corporation, duly formed, validly existing and in good standing under the Laws of Delaware.
UNLESS OTHERWISE DEFINED HEREIN OR IN THE OPNY CREDIT AGREEMENT, TERMS USED IN ARTICLE 9 OF THE NY UCC ARE USED HEREIN AS THEREIN DEFINED.
No effective financing statement or other instrument similar in effect covering all or any part of such Collateral has been executed or authorized by Pledgor or, is on file in any recording office, except such as may have been filed in favor of (i) the OPMW Administrative Agent relating to this Agreement or (ii) the OPNY Administrative Agent relating to the First Lien Partnership Interest Pledge Agreement (as hereinafter defined).
OPNY LP is owned by Orion Power New York LP, LLC, a Delaware limited liability company (“OPNY LLC”), and OPNY GP.
In addition, to the extent certificates or instruments are held by the OPNY Administrative Agent, the OPNY Administrative Agent shall have the right at any time to exchange certificates or instruments representing or evidencing Collateral for certificates or instruments of smaller or larger denominations.
All agreements, statements, representations and warranties made by Pledgor herein or in any certificate or other instrument delivered by Pledgor or on its behalf under this Agreement shall be considered to have been relied upon by the OPNY Lenders and shall survive the execution and delivery of this Agreement, the OPNY Credit Agreement and the other Financing Documents regardless of any investigation made by the Lenders or on their behalf.