Related Swap Contract definition
Examples of Related Swap Contract in a sentence
Permit the Company or any other Loan Party party to any Related Swap Contract to amend, supplement or otherwise modify the terms of any Related Swap Contract or any document relating thereto in any way to advantage, or provide any incremental credit support to, any Hedge Bank without amending, modifying or supplementing each other Related Swap Contract to equally advantage, or to provide the same incremental credit support to, the Hedge Bank.
There occurs under any Related Swap Contract any default or event of default under such Related Swap Contract as to which the Borrower or any Credit Party is the defaulting party.
With respect to any action by Agent to enforce the rights and remedies of Agent and the Lenders under this Agreement, the other Loan Documents or any Related Swap Contract, each Secured Party hereby consents to the jurisdiction of the court in which such action is maintained, and agrees to deliver its Notes to Agent to the extent necessary to enforce the rights and remedies of Agent for the benefit of the Secured Parties under the Mortgages in accordance with the provisions hereof.
Notwithstanding any provision of SECTION 10.01 to the contrary, each Lender hereby agrees that, to the extent any such amendment will not adversely affect the rights of any Lender Party or any Affiliate of a Lender party to a Related Swap Contract, the Administrative Agent may enter into such amendment without the consent or approval of any Lender Party.
Upon any Executive Officer obtaining knowledge of (a) any event, development or occurrence which could reasonably be expected to have a Material Adverse Effect, or (b) any Default or Event of Default hereunder or under any Related Swap Contract, cause such officer or a Responsible Officer of SEI to promptly notify the Administrative Agent of the nature thereof, the period of existence thereof, and what action such Borrower or such Subsidiary or other Loan Party proposes to take with respect thereto.
Nothing in this Agreement, any of the Loan Documents or any Related Swap Contract, express or implied, is intended to or shall be construed to impose upon Agent any obligations in respect of this Agreement, any of the Loan Documents or any Related Swap Contract, except as expressly set forth herein or therein.
Each Secured Party agrees that it will not take any action, nor institute any actions or proceedings, with respect to the Loans, against Borrower or any Credit Party hereunder or under the other Loan Documents or under any Related Swap Contract or against any of the Real Estate encumbered by Mortgages without the consent of the Requisite Lenders.
The obligations of each Qualified ECP Guarantor under this Section 3.3 shall remain in full force and effect until the guarantees in respect of Swap Obligations under each Related Swap Contract have been discharged, or otherwise released or terminated in accordance with the terms of this Agreement (other than contingent obligations under general indemnification provisions as to which no claim is pending).