Examples of Other Loan Agreement in a sentence
If an Event of Loss occurs at any time with respect to any Other Mortgaged Rig, the Indenture and the applicable Other Loan Agreement require that the Company shall apply funds to the principal amount of the applicable Other Loan secured by the Other Mortgaged Rig outstanding on the Loss Date for such other Mortgaged Rig, together with all accrued and unpaid interest (including Special Interest, if any, and Additional Amounts, if any) thereon, to the payment of such Other Loan.
Borrower shall use the proceeds of the Loans solely (i) for the purpose of acquiring the Pledged Shares and the “Pledged Shares” (as defined in the Other Loan Agreement) pursuant to the Purchase Agreement and (ii) to pay fees and expenses in connection with transactions contemplated by the Transaction Documents.
Neither Borrower nor General Partner shall, directly or indirectly, create, incur, assume or suffer to exist any Debt, other than Debt created under this Agreement and Debt created under the Other Loan Agreement.
Borrower shall not (i) sell (except as specifically contemplated by Section 2.09(b) hereof or Section 2.09(b) of the Other Loan Agreement), transfer, pledge or encumber, or suffer to exist a Lien (other than Permitted Liens) on any Shares, or (ii) enter into any Restricted Transactions.
Assign or otherwise transfer its rights under any Intercompany Documents or Material Underlying Financing Documents to any Person other than the assignment of the related Intercompany Documents and Material Underlying Financing Documents to the Collateral Agent as security for the benefit of the Secured Parties and to the Other Collateral Agent as security for the benefit of the Secured Parties (as defined in the Other Loan Agreement).