Secured Parties definition
Examples of Secured Parties in a sentence
Article CCXXXVIII No Holdco Subsidiary has any Indebtedness, other than the Obligations incurred under this Agreement and the other Credit Documents, and no property or asset of any Holdco Subsidiary (including the Capital Stock of any Business or other Subsidiary owned by it) is subject to any Lien, other than Liens created under the Credit Documents in favor of the Collateral Agent, for the benefit of the Secured Parties.
On or prior to the date hereof, Company shall cause to be established, and thereafter Company shall maintain, the Collection Account, which shall, subject to Section 5.8, be under the springing dominion and control of the Collateral Agent pursuant to the Account Control Agreement and shall bear a designation clearly indicating that the funds and other property credited thereto are held for the Collateral Agent for the benefit of the Secured Parties.
Article CCC Each Guarantor agrees that the provisions of this Article X are for the benefit of the Secured Parties and their respective successors, transferees, endorsees and assigns, and nothing herein contained shall impair, as between any other Credit Party, on the one hand, and any Secured Party, on the other hand, the obligations of such other Credit Party under the Credit Documents.
Article CCCVII Each Guarantor agrees to pay, and to save the Secured Parties (including all Indemnitees pursuant to Section 9.3), harmless from, any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the execution, delivery, enforcement, performance and administration of this Article X to the extent Company would be required to do so pursuant to Section 9.3.
All Collections and proceeds of Collateral shall be held in trust for the benefit of Collateral Agent on behalf of the Secured Parties until deposited into the Collection Account for application pursuant to Section 2.11.