Examples of Revolving Credit Agreement Obligations in a sentence
The Borrower will at such times and from time to time as shall be reasonably requested by the Collateral Agent supply a list in form and detail reasonably satisfactory to the Collateral Agent setting forth the amount of the Secured Obligations held by each Secured Party (excluding, so long as ING is both the Collateral Agent and the Revolving Administrative Agent, the Revolving Credit Agreement Obligations) as at a date specified in such request.
Each Holding Lender has the right pursuant to applicable state law, Section 10.08 of the Prepetition Revolving Credit Agreement and section 553 of the Bankruptcy Code to set off Prepetition Revolving Credit Agreement Obligations owed to such Holding Lender against the funds of the Debtor held in the accounts of such Holding Lender.
The amount of the Prepetition Revolving Credit Agreement Obligations owed to each Prepetition Revolving Lender as of the Petition Date is no less than the amount set forth in the table below.
Pursuant to Section 8.02 of the Prepetition Revolving Credit Agreement, upon the Petition Date, by virtue of the Debtor’s filing for relief under chapter 11 of the Bankruptcy Code, and by virtue of the provisions of the Bankruptcy Code, the Prepetition Revolving Credit Agreement Obligations became automatically due and payable in full without any further act of the Prepetition Revolving Agent or the Prepetition Revolving Lenders.
Notwithstanding anything to the contrary contained herein, the Secured Parties agree that they will not propose, support or vote in favor of any plan of reorganization or similar dispositive restructuring plan in connection with an Insolvency Proceeding unless more than two-thirds in amount of allowed claims held by the Secured Parties holding Revolving Credit Agreement Obligations agree to vote for any such plan.