PCOH definition
Examples of PCOH in a sentence
PCOH hereby waives any claims against the Collateral Agent arising by reason of the fact that the price at which any Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale, even if the Collateral Agent accepts the first offer received and does not offer such Collateral to more than one offeree.
PCOH shall not, without the prior written consent of the Collateral Agent given in accordance with the Credit Agreement, assign any of its rights, duties or obligations hereunder.
This Agreement and the other Credit Documents embody the entire agreement and understanding between PCOH and the Collateral Agent and supersede all prior agreements and understandings between such parties relating to the subject matter hereof and thereof.
The obligations of PCOH hereunder shall not be reduced, limited, impaired, discharged, deferred, suspended or terminated by any case or proceeding, voluntary or involuntary, involving the bankruptcy, insolvency, receivership, reorganization, liquidation or arrangement of Borrowers or any Guarantor or by any defense which Borrowers or any Guarantor may have by reason of the order, decree or decision of any court or administrative body resulting from any such proceeding.
Without limiting the generality of the forgoing, for the purposes of realizing upon the security interest, the Receiver may sell, lease, or otherwise dispose of Collateral as agent for PCOH or as agent for the Collateral Agent as it may specify in writing in its sole discretion.
In the event of such a transfer, the Collateral Agent shall within a reasonable time thereafter give PCOH written notice of such transfer or registration.
PCOH agrees to ratify and confirm all actions of any Receiver appointed by the Collateral Agent acting as agent for PCOH, and to release and indemnify the Receiver in respect of all such actions, except in the case of the Receiver’s fraud, willful misconduct or gross negligence.
The Collateral Agent shall, at PCOH’s expense, execute and deliver, or otherwise authorize the filing of, such documents as may be necessary or as PCOH shall reasonably request, in form and substance reasonably satisfactory to the Collateral Agent, including financing statement amendments, to evidence or effect such release.
Upon any such termination, the Collateral Agent shall, at PCOH’s request and expense, execute and deliver to PCOH, or otherwise authorize the filing of, such documents as may be necessary or as PCOH shall reasonably request, including financing statement amendments, to evidence or effect such termination.
Upon any disposition of property permitted by the Credit Agreement, the Liens granted herein shall be automatically released and such property shall automatically revert to PCOH with no further action on the part of any Person.