Parallel Loan Agreement definition
Examples of Parallel Loan Agreement in a sentence
Each Loan Party shall ensure that at all times the payment obligations of each of the Loan Parties under the Loan Documents rank at least pari passu in right of payment with all the indebtedness under the Parallel Loan Agreement and all other present and future unsecured and unsubordinated indebtedness of such Loan Party.
The Borrower represents and warrants that all Sustainability Information was true, complete and accurate in all material respects as at the date it was provided and is not misleading in any respect, provided that it is understood and agreed that any breach of this Section 6.24 shall not constitute a Default or Event of Default or otherwise result in the failure of any condition precedent to the making of any Loan under this Agreement or the Parallel Loan Agreement.
The Borrower shall and shall cause each of its Subsidiaries to ensure that the Loans and the loans provided under the Parallel Loan Agreement comply with the SLLP.
Any Event of Default, under and as defined in the Parallel Loan Agreement, occurs other than any Event of Default thereunder which specifically references a default under or a breach of this Agreement (referred to herein as a “Parallel Loan Event of Default”).