Additional Undertaking. As a separate, additional and continuing obligation, Genlyte Group unconditionally and irrevocably undertakes and agrees, for the benefit of the Administrative Agents, the Letter of Credit Issuers and the Lenders and their Affiliates referred to in section 14.1, that, should any amounts described in section 14.1 not be recoverable from Genlyte Group under section 14.1 for any reason whatsoever (including, without limitation, by reason of any provision of any Credit Document or Specified Hedge Agreement or any other agreement or instrument executed in connection therewith being or becoming void, unenforceable, or otherwise invalid under any applicable law) then, notwithstanding any notice or knowledge thereof by any Lender, either Administrative Agent, any of their respective Affiliates, or any other Person, at any time, Genlyte Group as sole, original and independent obligor, upon demand by the Administrative Agents (acting on instructions from any affected Lender, on its own behalf or on behalf of any of its Affiliates), will make payment to the Administrative Agents, for the account of the affected Administrative Agents, Letter of Credit Issuers or Lenders (or any such Affiliate), of all such obligations not so recoverable by way of full indemnity, in such currency and otherwise in such manner as is provided in any applicable agreement or instrument.
Appears in 2 contracts
Sources: Credit Agreement (Genlyte Group Inc), Credit Agreement (Genlyte Group Inc)
Additional Undertaking. As a separate, additional and continuing obligation, Genlyte Group ▇▇▇▇▇▇ unconditionally and irrevocably undertakes and agrees, for the benefit of the Administrative Agents, the Letter of Credit Issuers and the Lenders and their Affiliates referred to in section 14.112.1, that, should any amounts described in section 14.1 12.1 not be recoverable from Genlyte Group ▇▇▇▇▇▇ under section 14.1 12.1 for any reason whatsoever (including, without limitation, by reason of any provision of any Credit Document or Specified Hedge Agreement or any other agreement or instrument executed in connection therewith being or becoming void, unenforceable, or otherwise invalid under any applicable law) then, notwithstanding any notice or knowledge thereof by any Lender, either Administrative Agent, any of their respective Affiliates, or any other Person, at any time, Genlyte Group ▇▇▇▇▇▇ as sole, original and independent obligor, upon demand by the Administrative Agents (acting on instructions from any affected Lender, on its own behalf or on behalf of any of its Affiliates), will make payment to the Administrative Agents, for the account of the affected Administrative Agents, Letter of Credit Issuers or Lenders (or any such Affiliate), of all such obligations not so recoverable by way of full indemnity, in such currency and otherwise in such manner as is provided in any applicable agreement or instrument.
Appears in 1 contract
Sources: Credit Agreement (Genlyte Group Inc)