Examples of Term Loan Guarantees in a sentence
Each Guarantor agrees that the Second Priority Term Loan Obligations, and any of them, shall conclusively be deemed to have been created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon the Second Priority Term Loan Guarantees.
If a distribution is made to holders of the Term Loan Guarantees that because of this Article IIA should not have been made to them, the holders of the Term Loan Guarantees who receive the distribution shall hold it in trust for holders of the Revolving Obligations and pay it over to them as their interests may appear.
Each Guarantor, and by its making of a Second Priority Term Loan on the Closing Date, each Lender, hereby confirms that it is the intention of all such parties that the Second Priority Term Loan Guarantee(s) of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to any Second Priority Term Loan Guarantee.
After all Revolving Obligations are paid in full and until the Term Loan Guarantees are repaid in full, the Term Lenders shall be subrogated to the rights of holders of the Revolving Obligations to receive distributions applicable to Revolving Obligations.
No right of any holder of Revolving Obligations to enforce the subordination of the Term Loan Guarantees shall be impaired by any act or failure to act by any Guarantor or by its failure to comply with this Agreement.
Each Guarantor agrees that the First Priority Term Loan Obligations, and any of them, shall conclusively be deemed to have been create, contracted or incurred, or renewed, extended, amended or waived, in reliance upon the First Priority Term Loan Guarantees.
The Guarantors may not pay the principal of, premium, if any, interest on, or any other amount in respect of the Term Loan Guarantees or otherwise repay any Term Loan Guarantee (collectively, "repay the Term Loan Guarantees") during the continuance of any Default or Event of Default consisting of non-payment of any Revolving Obligation when due.
If a person moves out of the Exempt Household and the Exempt Household is over or at its occupancy limit, then another person cannot move into the Exempt Household to replace the person who moved out.
A distribution made under this Article IIA to holders of Revolving Obligations that otherwise would have been made to holders of the Term Loan Guarantees is not, as between any Guarantor and holders of the Term Loan Guarantees, a payment by such Guarantor on Revolving Obligations.
Notwithstanding the provisions described in the immediately preceding sentence [[NYCORP:2304021v10:4272D:09/26/03--03:05 p]] (but subject to the provisions contained in the first sentence of this Section), unless the holders of the Revolving Obligations shall have accelerated the maturity of such Revolving Obligations, the Guarantors may resume payment of the Term Loan Guarantees after such Payment Blockage Period.