Examples of Parent Credit Agreement in a sentence
On each Interest Determination Date (as defined in the Parent Credit Agreement, as in effect on the date hereof), the Servicer shall provide to the Administrative Agent and the Funding Agent written notice of the “Leverage Ratio” as calculated pursuant to the terms of the Parent Credit Agreement, as in effect on the date hereof.
All of the outstanding Equity Interests in all Subsidiaries of Parent have been validly issued, are fully paid and non assessable and are owned by Parent or one or more of its Subsidiaries free and clear of all Liens, except those created under (i) on or prior to the Closing Date, the Collateral Documents (as defined in the Existing Parent Credit Agreement (as in effect on the date hereof)) and (ii) from and after the Closing Date, the Collateral Documents.
The occurrence of any Default or Event of Default under (and as such term is defined in) the Parent Credit Agreement.
For the avoidance of doubt, any sale of the North Carolina Business that does not result in a repayment in full of all “Obligations” (as defined in the Parent Credit Agreement) shall not be satisfactory to the Administrative Agent.
The incorporation by reference into this Agreement of the terms and conditions of the Parent Credit Agreement is for convenience only, and this Agreement and the Parent Credit Agreement shall at all times be, and be deemed to be and treated as, separate and distinct loan obligations.