Examples of U.S. Security Documents in a sentence
The Liens granted to Administrative Agent pursuant to the U.S. Security Documents for the benefit of the Secured Parties (i) have been validly created, (ii) will attach to each item of Collateral owned by U.S. Borrowers on the Closing Date and (iii) when so attached, will secure all the Obligations.
Each Lender and L/C Issuer hereby consents to the automatic release and hereby directs the Administrative Agent and the U.S. Collateral Agents, as applicable, to release or subordinate any Lien held by the U.S. Collateral Agents for the benefit of the U.S. Secured Parties in accordance with the U.S. Security Documents.
Subject to Section 3(f), U.S. Collateral Agent agrees to make such demands and give such notices under the U.S. Security Documents as the Requisite Obligees may request, and to take such action to amend or modify or enforce the U.S. Security Documents and to foreclose upon, collect and dispose of the U.S. Collateral or any portion thereof as may be directed by Requisite Obligees.
Each of the agreements and acknowledgments made by each First Lien Creditor is made on behalf of itself and its successors and assigns and is deemed effective by virtue of such First Lien Creditors acceptance of the benefits of the applicable US Security Documents.
Any default by U.S. Borrower or any Subsidiary Guarantor in the performance or observance of any covenant or provision of the Collateral Agency and Intercreditor Agreement, the Subsidiary Guarantee Agreement or any of the U.S. Security Documents and such default shall continue for more than thirty (30) days after the first date on which a Senior Officer (as defined in the Collateral Agency and Intercreditor Agreement) shall have become aware of such default.