Examples of Other Secured Parties in a sentence
Except as expressly provided herein, the Initial Other Authorized Representative and the Initial Other Collateral Agent is acting in the capacity of a collateral agent and authorized representative solely for the Initial Other Secured Parties.
Fiduciary for Holders Only; Agent for Other Secured Parties 113 Section 6 16.
Whenever it considers it expedient in the interests of the Noteholders or Other Secured Parties, the Trustee may, in the conduct of its trust business, instead of acting personally, employ and pay an agent selected by it, whether or not a lawyer or other professional person, to transact or conduct, or concur in transacting or conducting, any business and to do or concur in doing all acts required to be done by the Trustee (including the receipt and payment of money).
None of the Other Secured Parties, the Noteholders, Coupons, Receipts or Talons shall be entitled to proceed directly against the Issuer unless the Trustee, having become bound to proceed in accordance with the terms of this Principal Trust Deed, fails or neglects to do so.
The claim (or the potential claim) of the holders of the Notes or Coupons shall be the amount of the principal and interest in respect of the Notes accrued to the Calculation Date.The Trustee will divide each category of the Charged Property as nearly as practicable in the respective proportions of the claims (or potential claims) of the Other Secured Parties and the holders of the Notes or Coupons.
The Collateral Agent and the Other Secured Parties 32 Section 11.12.
The Trustee shall, as soon as practicable, notify the Issuer, the Noteholders and Other Secured Parties upon such borrowing being made.
Whenever it considers it expedient in the interests of the Noteholders or Other Secured Parties, the Trustee may delegate to any person on any terms (including power to sub delegate) all or any of its functions.
If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of any Borrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the Loan Guarantors forthwith on demand by the Lender, the Export-Related Lender, any Other Secured Parties and the Issuing Bank.
Effect of Secured Party’s Notice on Other Secured Parties on the NoticeAn amendment, continuation statement, or termination statement authorised by one secured party on the notice does not affect the rights of another secured party on the notice.