Examples of Term A Loan Obligations in a sentence
The Borrower covenants and agrees, and the Term B Lenders and any other holder of the Term B Loans (Term B Lenders and such holders being hereinafter referred to collectively as “Holder”) by its acceptance thereof likewise covenants and agrees, that the Term B Loan Obligations shall be subordinated in accordance with the provisions of this Article XIV to the prior payment in full of all Term A Loan Obligations.
With respect to payments under this Agreement and the other Loan Documents on account of all Revolver Obligations, Term A Loan Obligations and other Obligations payable to Administrative Agent or any Lender in its capacity as such, Borrower shall make each such payment not later than 2:00 p.m. New York time on the day when due in immediately available funds in Dollars to the Administrative Agent's Account.
The Distributor will, provide the Company, in writing on a monthly basis, with the monthly average selling prices of the Products in the Territory.
Notwithstanding the foregoing clause (ii), the entire unpaid balance of the aggregate Term A Loan and all other Term A Loan Obligations shall be due and payable in full on the Term A Loan Maturity Date, if not sooner paid in full in accordance with the terms of the Loan Documents (without limiting Borrower's obligation to timely make all payments required under the terms of the Loan Documents).
Upon acceleration of the Term A Loans or on the Maturity Date, no direct or indirect payment by or on behalf of the Borrower in respect of the Term B Loan Obligations shall be made until the Term A Loan Obligations have been paid in full.
The Borrower shall give prompt written notice to each Holder of any fact known to the Borrower that would prohibit the making of any payment on or in respect of the Term B Loan Obligations, but failure to give such notice shall not affect the subordination of the Term B Loan Obligations to the Term A Loan Obligations provided in this Article XIV.
The following is historical information of work performed on a previous contract of similar scope to assist in developing a diverse team.
The provisions of this Article XIV shall continue to be effective or be reinstated, and the Term A Loan Obligations shall not be deemed to be paid in full, as the case may be, if at any time any payment of any of the Term A Loan Obligations is rescinded or must otherwise be returned by the holder thereof upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, all as though such payment had not been made.
No right of any present or future holder of any Term A Loan Obligations to enforce subordination as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act by any such holder, or by any noncompliance by the Borrower with the terms and provisions and covenants herein regardless of any knowledge thereof such holder may have or otherwise be charged with.
Nothing contained in this Section 14.06 shall limit the right of the holders of Term A Loan Obligations to recover payments as contemplated by Sections 14.01 and 14.02.