Creditor Accession Undertaking definition

Creditor Accession Undertaking means an undertaking substantially in the form set out in Schedule 3 (Form of Creditor Accession Undertaking).
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Creditor Accession Undertaking means an undertaking substantially in the form set out in Schedule 2 (Form of Creditor Accession Undertaking).
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Creditor Accession Undertaking means an undertaking substantially in the form set out in Schedule 2 (Form of Creditor Accession Undertaking) [or, in the case of an acceding Debtor which is expressed to accede as an Intra-Group Lender in the relevant Debtor Accession Deed, that Debtor Accession Deed].
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Examples of Creditor Accession Undertaking in a sentence

  • Each Secured Creditor agrees with the Agents that it shall not assign or transfer any of its rights, benefits and/or obligations under the Credit Agreement unless the person to whom such assignment or transfer is made shall have acceded to this Deed by the delivery to the Agents of a duly completed Secured Creditor Accession Undertaking, Transfer Certificate or Assignment Agreement so as to ensure that such person shall be bound by the terms and conditions of this Deed as a Secured Creditor.

  • Each Notes Trustee may resign or be removed in accordance with the terms of the applicable Notes Indenture, provided that a replacement Notes Trustee agrees with the Parties to become the replacement trustee under this Agreement by the execution of a Creditor Accession Undertaking.

  • A Hedge Counterparty may (in accordance with the terms of the relevant Hedging Agreement and subject to any consent required under that Hedging Agreement) transfer any of its rights and benefits and corresponding obligations in respect of the Hedging Agreements to which it is a party if any transferee has (if not already Party as a Hedge Counterparty) acceded to this Agreement as a Hedge Counterparty pursuant to Clause ‎23.13 (Creditor Accession Undertaking).

  • No person shall become a Senior Agent, Second Lien Agent, Senior Secured Notes Trustee, Pari Passu Debt Representative, Second Lien Notes Trustee, High Yield Agent, High Yield Notes Trustee, Unsecured Agent or Unsecured Notes Trustee unless at the same time, it accedes to this Agreement in such capacity pursuant to Clause 23.13 (Creditor Accession Undertaking).

  • No person shall become an Agent unless at the same time, it accedes to this Deed as an Agent pursuant to Clause 9.4 (Creditor Accession Undertaking).

  • Any Term Loan Hedging Creditor that wishes to become a Party to this Deed in the capacity as a Secured Creditor may become a Party by delivering to the Collateral Agent, a duly completed and executed Secured Creditor Accession Undertaking.

  • Each of the Parties appoints the Collateral Agent to receive on its behalf each Creditor Accession Undertaking delivered to the Collateral Agent and the Collateral Agent shall, as soon as reasonably practicable after receipt by it, sign and accept the same if it appears on its face to have been completed, executed and, where applicable, delivered in the form contemplated by this Deed.

  • With effect from the date of acceptance by the Collateral Agent of a Secured Creditor Accession Undertaking duly executed and delivered to the Collateral Agent by such Term Loan Hedging Creditor or, if later, the date specified in that Secured Creditor Accession Undertaking, the Term Loan Hedging Creditor shall assume the same obligations and become entitled to the same rights, as if it had been an original Party to this Deed in that capacity.

  • All protections and rights to indemnities set out in each of the Intercreditor Agreement, the Notes Intercreditor Agreement, any Additional Intercreditor Agreement and any Creditor Accession Undertaking apply herein.

  • All protections and rights to indemnities set out in each of the Intercreditor Agreement, any Additional Intercreditor Agreement and any Creditor Accession Undertaking apply herein.


More Definitions of Creditor Accession Undertaking

Creditor Accession Undertaking has the meaning given to that term in the Security Trust Agreement.
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Related to Creditor Accession Undertaking

  • Standard Securitization Undertakings means all representations, warranties, covenants, indemnities, performance Guarantees and servicing obligations entered into by the Parent or any Subsidiary (other than a Receivables Subsidiary), which are customary in connection with any financing of accounts receivable.

  • Accession Agreement means an Accession Agreement substantially in the form of Annex I to the Guaranty.

  • Accession Letter means a document substantially in the form set out in Schedule 6 (Form of Accession Letter).

  • Existing Intercreditor Agreement means the existing intercreditor agreement dated 11 May 2007 (as amended by a letter dated 21 June 2007 and a further letter dated 29 June 2007, as amended and restated on 5 November 2009 and as further amended on 5 November 2010) between, inter alia, Beverage Packaging Holdings (Luxembourg) I S.A., Rank Group Holdings Limited (now Xxxxxxxx Group Holdings Limited), Beverage Packaging Holdings (Luxembourg) II S.A., Beverage Packaging Holdings (Luxembourg) III S.à x.x., Credit Suisse AG (formerly Credit Suisse) as security trustee and others.

  • Guaranty and Collateral Agreement means the Guaranty and Collateral Agreement dated as of the date hereof executed and delivered by the Loan Parties, together with any joinders thereto and any other guaranty and collateral agreement executed by a Loan Party, in each case in form and substance satisfactory to the Administrative Agent.

  • Facility Agreement means an agreement or arrangement between a State Party and the Organization relating to a specific facility subject to on-site verification pursuant to Articles IV, V and VI.

  • Additional Borrower means a company which becomes an Additional Borrower in accordance with Clause 25 (Changes to the Obligors).