TROL definition
Examples of TROL in a sentence
No event of default or default has occurred and is continuing under the terms of (a) any of the TROL Documents, (b) under any of the agreements and documents executed with respect to the Senior Subordinated Notes or under which the Senior Subordinated Notes have been issued, or (c) under any of the agreements and documents executed with respect to the BofA Note.
The obligations of the lenders and the holders (and any other parties from time to time party to the TROL) under the TROL have been (or will be upon the initial borrowing hereunder and the application of the proceeds thereof) terminated and the obligations of the Borrower (as defined in the TROL) thereunder shall have been (or will be upon such borrowing and application of proceeds) paid in full and fully satisfied, except for those obligations that by their terms survive termination of the TROL.
Administrative Agent and each Lender hereby reserve the absolute and unconditional right to revoke the Fifth TROL Default Waiver at any time, in the sole discretion of Administrative Agent or either Lender, with or without cause, by giving verbal or written notice of such revocation to Borrower, effective immediately at the time such notice is given (with any verbal notice to be followed by written notice, but effective as of the time of the verbal notice).
Bank of America, N.A. and its Affiliates may accept deposits from, lend money to, act as trustee under indentures of, and generally engage in any kind of business with, any Obligor, any Restricted Subsidiary, any Affiliate thereof, and any Person who may do business therewith, all as if Bank of America, N.A. were not Administrative Agent and without any duty to account therefor to any Lender, including, without limitation, the TROL Transaction.
No Company will agree to any amendment to the TROL Financing and the TROL Financing documents which increases the amount of the TROL Financing or results in annual debt service requirements greater than the present debt service requirements of the TROL Financing.
No security agreement, financing statement or other public notice with respect to all or any part of the Collateral is on file or of record in any public office, except such as have been filed in favor of the Administrative Agent, for the ratable benefit of the Lenders, pursuant to this Agreement or as are permitted pursuant to the Credit Agreement or the TROL Transaction Documents.
Pursuant to the terms of the Credit Agreement, an Event of Default has occurred pursuant to Section 12.01(e)(i) as a result of the Parent's failure to make the scheduled interest payment due with respect to the Senior Subordinated Notes on the due date therefor, August 15, 2001, and pursuant to Section 12.01(e)(ii) with respect to the resultant cross-default occurring under the TROL Documents arising due to such failure to make such scheduled interest payment.
Promptly after preparation but no later than ninety (90) days after the last day of each fiscal year of Borrower, audited Financials showing the Companies' consolidated financial condition and results of operations as of, and for the year ended on, that last day (with expenses and obligations related to the TROL Financing clearly indicated), accompanied by (i) the opinion, without qualification, of a firm of independent certified public accountants acceptable to Required Lenders (Gran▇ ▇▇▇▇▇▇▇▇ ▇.▇.P.
The Fifth TROL Default Waiver will automatically expire and terminate on the earlier of (1) the date on which Administrative Agent or either Lender exercises its unconditional revocation right pursuant to the next sentence hereof, (2) the date on which the TROL Lenders accelerate the maturity of the Lease Obligations (as defined in the TROL Guaranty) and (3) the date on which the TROL Lenders commence the exercise of any remedies under the TROL Financing Documents.
Promptly after preparation but no later than thirty (30) days after the last day of each month, Financials showing the Companies' consolidated and consolidating financial condition and results of operations for that month and for the period from the beginning of the current fiscal year to the last day of that month (with expenses and obligations related to the TROL Financing clearly indicated), accompanied by a Compliance Certificate with respect to the period covered by such Financials.