Pool Agreements definition
Examples of Pool Agreements in a sentence
Each Borrower will, and will cause each of its Subsidiaries to, use the proceeds of the Advances for general corporate purposes, including without limitation, for working capital and other funding needs, to fund loans under and pursuant to the Money Pool Agreements, and to pay fees and expenses incurred in connection with this Agreement.
The Borrower shall apply all amounts borrowed by it under the Facility towards working capital purposes in the normal course of the Borrower’s business operations acting in its capacity as Pool Manager (as such term is defined in the Pool Agreements) in relation to the Pools (including, without limitation, providing any Financial Indebtedness to a Pool Participant under any Pool Agreement in such capacity, provided that such Financial Indebtedness is subject to Transaction Security).
UCC may, at its sole discretion, enter into substantially similar Catering Pool Agreements with other Caterers.
The Borrower will, and will cause each Subsidiary to, use the proceeds of the Advances to repay any and all amounts outstanding under the Existing Credit Agreements and for general corporate purposes, including without limitation, for working capital, commercial paper liquidity support with respect to commercial paper issued by the Borrower or its Subsidiaries, to fund loans under and pursuant to the Money Pool Agreements, and to pay fees and expenses incurred in connection with this Agreement.
It will ensure that all gross Earnings and other payments to the Borrowers deriving from the Vessels (excluding any commissions under any Vessel Employment Contracts or management fees under Management Agreements and/or Pool Agreements approved by the Lenders) shall be paid directly from the relevant charterer or pool manager to the Borrowers' accounts with the Agent.
The Borrower shall conduct the operations of the Pool in accordance with the Pool Agreements.
The Borrower is permitted to enter into this Agreement and borrow the Loan, and the provisions of the Pool Agreements do not preclude the Borrower from entering into this Agreement or borrowing the Loan.
This Agreement is supplemental to, and shall have effect as if it formed part of and is incorporated into, each of the Pool Agreements which, save to the extent modified by this Agreement, shall continue in full force and effect, including, without limitation, with regard to the relevant law, jurisdiction and notice provisions of the the relevant Pool Agreement.
The Borrower shall not undertake any business other than pursuant to its roles pursuant to the Pool Agreements and the operation of the Vessels thereunder, each Singaporean Charter and each UK Charter.
The Entry Agreement and the STJS Agreement are collectively referred to herein as the "Pool Agreements".