Examples of Master Operating Agreement in a sentence
The Mill Owners shall have the right to exercise the Mill Owner Step-In Rights in accordance with Section 11.4(a)(ii) of the Master Operating Agreement.
Unless otherwise defined herein, all terms used in this Consent shall have the meanings given in Exhibit A to the Master Operating Agreement.
The parties hereto acknowledge that the Collateral Agent, acting on behalf of the Secured Parties, is a "Lender" within the meaning of the Master Operating Agreement, and that, without the consent of the parties hereto, no other Person (other than a secured Lender who executes a counterpart of, or acknowledges to be bound by, this Consent) shall be deemed a Lender under the Contracts.
On the Effective Date, the Master Operating Agreement shall be deemed to be amended so that the "initial term" described in section 5.1 thereof shall be extended from twenty years from the effective date of the Master Operating Agreement to twenty-three years from such effective date, with all other terms remaining the same.
Distributions shall be made in accordance with Section 8.7 of the Master Operating Agreement and, except as otherwise provided herein, the Series shall first use available assets to pay outstanding debts and obligations, if any, of the Series.