Secured Parties definition
Examples of Secured Parties in a sentence
Remedies for an Event of Default are granted to the Collateral Trustee for the benefit of the Secured Parties under the Indenture.
The Seller makes the following representations and warranties, on which the Purchaser relies in acquiring the Conveyed Collateral Purchased hereunder and each of the Secured Parties relies upon in entering into the Indenture or any Class A Credit Agreement or acquiring any Debt.
The Collateral Trustee shall, prior to the Closing Date, establish at the Custodian a single, segregated non-interest bearing account held in the name of the Issuer subject to the lien of the Collateral Trustee, for the benefit of the Secured Parties, which shall be designated as the "Ramp-Up Account" which shall be maintained with the Custodian in accordance with the Account Agreement.
The Collateral Trustee shall, prior to the Closing Date, establish at the Custodian, a single, segregated non-interest bearing account held in the name of the Collateral Trustee for the benefit of the Secured Parties which shall be designated as the "Revolver Funding Account" which shall be maintained with the Custodian in accordance with the Account Agreement.
The Collateral Trustee shall, prior to the Closing Date, establish at the Custodian a single, segregated non-interest bearing account held in the name of the Issuer subject to the lien of the Collateral Trustee for the benefit of the Secured Parties which shall be designated as the "Interest Reserve Account" and which shall be maintained with the Custodian in accordance with the Account Agreement.