Examples of Underlying Term Loan in a sentence
In any event, the Issuer shall obtain from any seller of a Loan, all Underlying Instruments with respect to each Collateral Debt Security and all Underlying Instruments related to any related Senior Tranche that govern, directly or indirectly, the rights and obligations of the owner of the Collateral Debt Security with respect to the Underlying Term Loan, the Underlying Mortgaged Property and the Collateral Debt Security and any certificate evidencing the Collateral Debt Security.
In any event, the Issuer shall obtain from any seller of a Loan, all Underlying Instruments with respect to each Collateral Debt Security and all Underlying Instruments related to any related Senior Tranche that govern, directly or indirectly, the rights and obligations of the owner of the Collateral Debt Security with respect to the Underlying Term Loan, the Underlying Mortgage Property and the Collateral Debt Security and any certificate evidencing the Collateral Debt Security.
CoBank and Agent assume no responsibility for the financial condition of Borrower or any Underlying Term Loan Borrower or for the performance of Borrower's obligations under the Loan Documents nor for the performance of any Underlying Term Borrower of its obligations under the Underlying Term Loan Documents.
In any event, the Issuer shall obtain from any seller of a Loan, all Underlying Instruments with respect to each Collateral Obligation and all Underlying Instruments related to any related Senior Tranche that govern, directly or indirectly, the rights and obligations of the owner of the Collateral Obligation with respect to the Underlying Term Loan, the Underlying Mortgage Property and the Collateral Obligation and any certificate evidencing the Collateral Obligation.
A non-refundable facility fee equal to 50 basis points multiplied by the principal amount of each Underlying Term Loan (other than the Village Farms Term Loan), payable to CoBank at the time of closing each Underlying Term Loan.
The "Base Rate Numerator" for any Underlying Term Loan Borrower shall be determined by multiplying the Base Rate Factor by the dollar amount of the entire principal balance owed (without regard to which interest option(s) is applicable to such balance) by such Underlying Term Loan Borrower under its Underlying Term Loan as of the Calculation Date.
Promptly after Borrower's receipt thereof, copies of any notices or other communications received from: (a) any governmental authority with respect to any matter or proceeding the effect of which could reasonably be expected to have a Material Adverse Effect on Borrower; and (b) an Underlying Term Loan Borrower.
Without the consent of Secured Party, Debtor shall not amend, supplement, grant consents, or otherwise modify or waive compliance with any provision of any Underlying Term Loan Document.
Each Underlying Term Loan shall be secured by a first lien on all the assets of the Underlying Term Loan Borrower, except where the Underlying Term Loan Documents for such Underlying Term Loan approved by Secured Party specifically state otherwise.
Once any or all Underlying Term Loan Borrowers have been notified, whether by Debtor or Secured Party, to make payment directly to Secured Party, all amounts and proceeds received by Debtor in respect of such Underlying Term Loans shall be received in trust for the benefit of Secured Party, shall be segregated from other funds of Debtor, and shall be immediately paid over to Secured Party in the same form as so received.