QTLP definition
Examples of QTLP in a sentence
Each of QIPR, QTS Richmond TRS, QTLP and REIT hereby repeats and reaffirms all representations and warranties made by such Person to the Agent and the Lenders in the Credit Agreement and the other Loan Documents to which it is a party on and as of the date hereof with the same force and effect as if such representations and warranties were set forth in this Amendment in full.
Each of QIPR, QTS Richmond TRS, QTLP and REIT has the right and power, and has taken all necessary action to authorize the execution and delivery of this Amendment and to perform its obligations hereunder and under the Credit Agreement, as amended by this Amendment, in accordance with their respective terms.
REIT and QTLP specifically acknowledge that any subsequent assumption or transfer of any interest in REIT, QTLP, Borrowers, and Guarantors in violation of the Loan Documents shall be a Default thereunder.
QTLP shall be permitted to pay amounts with respect to the “Subordinate Debt” (as defined in the QTLP Subordination and Standstill Agreement) only at such times and to the extent that no Default or Event of Default exists or would arise as a result thereof.
Each of QTLP and QTS Richmond TRS hereby consents to the modifications and amendments relating to the Credit Agreement and Loan Documents as set forth herein, reaffirms its continuing obligations to the Agent and the Lenders under the Guaranty and agrees that the transactions contemplated by the Amendment shall not in any way affect the validity and enforceability of the Guaranty, or reduce, impair or discharge the obligations of such Person, in its capacity as a Guarantor, thereunder.
The effectiveness of this Amendment is subject to receipt by the Agent of a counterpart of this Amendment duly executed by QIPR, QTS Richmond TRS, QTLP, REIT and the Required Lenders.
Interest Expense shall exclude interest paid pursuant to the QTLP Subordinate Note.
The petitioned supervisory entity must indicate its response to the information request if the said information is confidential in nature.
The Agent shall have received an executed counterpart of the QTLP Subordination and Standstill Agreement.
Each of QIPR, QTS Richmond TRS, and QTLP has the right and power, and has taken all necessary action to authorize the execution and delivery of this Amendment and to perform its obligations hereunder and under the Credit Agreement, as amended by this Amendment, in accordance with their respective terms.