Secured Parties definition
Examples of Secured Parties in a sentence
The Controlling Collateral Agent, the other Authorized Representatives and the other First Lien Secured Parties shall each be responsible for keeping themselves informed of (a) the financial condition of the Borrower and the other Grantors and all endorsers or guarantors of the First Lien Obligations and (b) all other circumstances bearing upon the risk of nonpayment of the First Lien Obligations.
The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the First Lien Secured Parties in relation to one another.
None of the IO Lender, Royalty Collateral Agent nor the Term Loan Collateral Agent shall owe any fiduciary duty to any party hereto, any Authorized Representative or any other First Lien Secured Parties.
The Term Loan Collateral Agent represents and warrants that this Agreement is binding upon the Credit Agreement Secured Parties.
The IO Lender represents and warrants that it is authorized under the terms of the IO Loan Agreement to execute this Agreement on behalf of the IO Secured Parties.