Secured Parties definition

Secured Parties means, collectively, the Administrative Agent, the Lenders, the L/C Issuers, the Hedge Banks, the Cash Management Banks, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.05, and the other Persons the Obligations owing to which are or are purported to be secured by the Collateral under the terms of the Collateral Documents.

Secured Parties means (a) the Lenders, (b) the Administrative Agent, (c) the Collateral Agent, (d) the beneficiaries of each indemnification obligation undertaken by any Loan Party under any Loan Document and (e) the successors and assigns of each of the foregoing.

Secured Parties as defined in the Guarantee and Collateral Agreement.

Examples of Secured Parties in a sentence

• If any payments on the Pool Receivables or other Collections are received by the Seller, the Servicer or an Originator, it shall hold such payments in trust for the benefit of the Administrative Agent, the Group Agents and the other Secured Parties and promptly (but in any event within two (2) Business Day after receipt) remit such funds into a Collection Account.

• The Collateral Agent shall take such action with respect to any Event of Default as might be directed by the Controlling Party in accordance with Article V; provided, however, that unless and until the Collateral Agent has received any such direction, the Collateral Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Event of Default as it shall deem advisable or in the best interest of the Secured Parties.

• If any amount shall be paid to any Grantor on account of such subrogation, contribution or reimbursement rights at any time when all of the Secured Obligations shall not have been paid in full, such amount shall constitute Asset Proceeds and shall be held by such Grantor in trust for the Secured Parties, segregated from other funds of such Grantor, and, immediately upon receipt by such Grantor, shall be deposited into the Collection Account, to be applied in accordance with the Priority of Payments.

• No injury to, or loss or destruction of, the Secured Parties Collateral or any part thereof shall relieve any Grantor of any of its obligations hereunder or any of the Secured Obligations.

• Without limiting the generality of the foregoing, the Debtor shall cause to be delivered to the Collateral Agent, the Purchase Money Notes Guarantor, the NGPMN Agent and the Advance Lender information indicating any possible Environmental Hazards with respect to any Collateral or any Secured Parties Collateral and any notice or report provided to the Debtor or the Manager pursuant to Section 5.5 of the Servicing Agreement as in effect on the Closing Date.

More Definitions of Secured Parties

Secured Parties has the meaning assigned to that term in the Pledge and Security Agreement.

Secured Parties has the meaning set forth in the Security Agreement.

Secured Parties means, collectively, the Administrative Agent, the Lenders, the Swing Line Lender, the Issuing Lender, the Hedge Parties, each Supplemental Administrative Agent and each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Article IX.

Secured Parties means (a) the Lenders, (b) the Administrative Agent, (c) each Issuing Bank, (d) each provider of Banking Services, to the extent the Banking Services Obligations in respect thereof constitute Secured Obligations, (e) each counterparty to any Swap Agreement, to the extent the obligations thereunder constitute Secured Obligations, (f) the beneficiaries of each indemnification obligation undertaken by any Loan Party under any Loan Document and (g) the successors and assigns of each of the foregoing.

Secured Parties means, collectively, the Agents, any Interest Hedge Counterparty, the Collateral Administrator, the Custodian, the Document Custodian, the Securities Intermediary and the Lenders.

Secured Parties means the Administrative Agent and the Lenders.

Secured Parties means the Lenders, the Issuers, the Administrative Agent and any other holder of any Secured Obligation.