Examples of Secured Parties Representative in a sentence
The Grantors recognize that, by reason of certain prohibitions contained in the Securities Act of 1933, as amended, and applicable state securities laws, the Secured Parties Representative may be compelled, with respect to any sale of all or any part of the Collateral, to limit purchasers to those who will agree, among other things, to acquire the Collateral for their own account, for investment and not with a view to the distribution or resale thereof.
Without limiting the generality of the foregoing, so long as the Secured Parties Representative shall be entitled under this Section 4 to make collections in respect of the Collateral, the Secured Parties Representative shall have the right and power to receive, endorse and collect all checks made payable to the order of any Grantor representing any dividend, payment or other distribution in respect of the Collateral or any part thereof and to give full discharge for the same.
Subject to the provisions of Section 10.9, the Secured Parties Representative shall not be liable or responsible in any manner for any losses in connection with any such investments in Cash Equivalents, and all of said losses shall be borne by the Liquidation Account.
Other creditors not secured by the Collateral shall not have any vote for any purpose of directing the Secured Parties Representative.
The Secured Parties Representative shall perform all tasks necessary to make distributions from time to time pursuant to Section 6.5, including (a) collecting invoices with respect to Administrative Expenses and, to the extent appropriate, collection expenses and Management Fees and (b) determining the amount of principal, interest, premium and fund breakage costs and other payments due and payable to the Secured Parties.
The indemnification obligations of the Borrower pursuant to this Section 10.6 shall be, in the case of any expenses and reimbursement obligations incurred by the Secured Parties Representative, limited to the reasonable out-of-pocket expenses (including reasonable out-of-pocket fees and expenses of legal counsel) so incurred.
The Secured Parties Representative shall have the right and power to institute and maintain such suits and proceedings as it may deem appropriate to protect and enforce the rights vested in it, the Representatives and the other Secured Parties by this Agreement and the other Transaction Documents.
Notice of any such appointment shall be promptly given by the successor Secured Parties Representative to Xxxxx'x and S&P.
The Christmas Party is a popular event being rated higher than some lectures.A small but significant number of Friends attend College events including inaugural lectures (the most popular), the graduation ceremony and lunchtime concerts.
The Secured Parties Representative may conclusively rely upon information supplied to it by the Secured Parties (absent manifest error), the Representatives and the Borrower in connection with the administration of the Liquidation Account and the Secured Parties Representative shall have no liability to any of such Persons for actions taken in reliance on such information.