Examples of Principal Lending Agreement in a sentence
Thereupon, unless waived in writing by the Required Holders within five (5) days of receipt of such notice by the holders of the Notes, such Additional Covenant shall be deemed automatically incorporated by reference into this Agreement, mutatis mutandis, as if set forth fully herein, without any further action required on the part of any Person, effective as of the date when such Additional Covenant became effective under such Principal Lending Agreement.
Thereupon, unless waived in writing by the Required Holders within five (5) Business Days of receipt of such notice by the holders of the Notes, such Additional Covenant shall be deemed automatically incorporated by reference into this Agreement, mutatis mutandis, as if set forth fully herein, without any further action required on the part of any Person, effective as of the date when such Additional Covenant is effective under such Principal Lending Agreement.
Except as herein specifically agreed, the Credit Agreement is hereby ratified and confirmed and shall remain in full force and effect according to its terms; provided, however, for the avoidance of doubt, nothing herein shall constitute a waiver of any Default under Section 8.01(g) as a result of noncompliance by any Loan Party with any financial covenants set forth in any Principal Lending Agreement.
Effective on the date of execution, amendment, modification or termination of such Principal Lending Agreement, as the case may be, the applicable provisions of Sections 7.11(a) through (d) shall automatically be deemed to be amended to include such Revised Financial Ratio; provided that in no event shall the level of any such Revised Financial Ratio be less restrictive on such Loan Party than the corresponding financial ratio in Sections 7.11(a) through (d) in effect on the Closing Date.
Thereupon, unless waived in writing by the Required Holders within five (5) Business Days of receipt of such notice by the holders of the Notes, such Additional Financial Covenant shall be deemed automatically incorporated by reference into this Agreement, mutatis mutandis, as if set forth full herein, without any further action required on the part of any Person, effective as of the date when such Additional Financial Covenant is effective under such Principal Lending Agreement.
Any Additional Covenant incorporated into this Agreement pursuant to this paragraph 5K shall remain unchanged herein notwithstanding any subsequent waiver, amendment or other modification of such Additional Covenant (except to the extend that any such waiver, amendment or modification adds another Additional Covenant) under the applicable Principal Lending Agreement.
Thereupon, unless waived in writing by the Required Lenders within five (5) Business Days of receipt of such notice by the Administrative Agent and the Lenders, such Additional Covenant shall be deemed automatically incorporated by reference into this Agreement, mutatis mutandis, as if set forth fully herein, without any further action required on the part of any Person, effective as of the date when such Additional Covenant is effective under such Principal Lending Agreement.
Upon receipt by the Bank of the MFP Statement, the Bank shall, within a reasonable period of time, notify the Guarantor or Borrower if it wishes to incorporate such More Favourable Provision(s) into this Contract or, in case of urgency, the Guarantor or, as the case may be, Borrower shall upon written request grant the same rights to the Bank as are available to the Other Person under the Principal Lending Agreement.
Effective on the date of execution, amendment, modification or termination of such Principal Lending Agreement, as the case may be, the applicable provisions of Sections 7.11(a) through (d) shall automatically be deemed to be amended to include such Revised Financial Ratio; provided that in no event shall the level of any such Revised Financial Ratio be less restrictive on such Loan Party than the corresponding financial ratio in Sections 7.11(a) through (d) in effect on the date hereof.
Thereupon, unless waived in writing by the Required Lenders within five (5) Business Days of receipt of such notice by the Administrative Agent and the Lenders, such Additional Financial Covenant shall be deemed automatically incorporated by reference into this Agreement, mutatis mutandis, as if set forth fully herein, without any further action required on the part of any Person, effective as of the date when such Additional Financial Covenant is effective under such Principal Lending Agreement.