Secured Party Representatives definition

Secured Party Representatives means the collective reference to the Security Trustee and the Administrative Agent.
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Secured Party Representatives has the meaning assigned to such term in Section 12.09.
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Secured Party Representatives has the meaning set forth in Section 13.13(b).
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Examples of Secured Party Representatives in a sentence

  • If the Debtor shall fail to insure the Equipment to the Secured Party Representative's satisfaction, or if the Debtor shall fail so to endorse and deposit all policies or certificates with respect thereto, the Secured Party Representative shall have the right (but shall be under no obligation) to procure such insurance and the Debtor agrees to reimburse the Secured Party Representative for all costs and expenses of procuring such insurance, together with interest at a rate per annum equal to 15%.

  • In the event that the Collateral Agent receives such a notice of the occurrence of any Event of Default, the Collateral Agent shall give notice thereof to the Secured Party Representatives.

  • PESRM agrees and acknowledges that notwithstanding the rights granted to the Secured Party Representatives hereunder, PESRM will continue to be liable to Owner for all obligations under the Infrastructure Agreement.

  • The Secured Party Representatives may deem and treat the payee of any Note as the owner thereof for all purposes unless such Note shall have been transferred in accordance with Section 10.04 and all actions required by such Section in connection with such transfer shall have been taken.

  • The rights and remedies of the Secured Party Representatives and the Lenders hereunder are cumulative and are not exclusive of any rights or remedies that they would otherwise have.

  • The Collateral Agent shall promptly distribute to the Secured Party Representatives copies of all notices, documents and certificates received by it from Grantor under this Deed of Trust unless this Deed of Trust provides that Grantor shall distribute such notice, document or certificate directly to the Secured Party Representatives.

  • The Collateral Agent may resign as Collateral Agent at any time upon written notice to the Secured Party Representatives and Grantor, and may be removed at any time with or without cause by the Required Secured Parties, with any such resignation or removal to become effective only upon the appointment of a successor Collateral Agent under this Section.

  • The Secured Party Representatives may deem and treat the payee of any Note as the Holder thereof for all purposes unless such Note shall have been transferred in accordance with Section 5.02 of the Note Purchase Agreement or Section 3.02 of the Credit Agreement, as the case may be, and all actions required by such Section in connection with such transfer shall have been taken.

  • PESRM hereby agrees (and acknowledges to Owner) that it shall not agree to any material amendment of the Infrastructure Agreement without prior written notice to, and the prior written consent of, each of the Secured Party Representatives.

  • At the option of the Secured Parties, the Secured Party Representatives may jointly discharge taxes, liens, interests, or perform or cause to be performed for and on behalf of Borrower any actions and conditions, obligations, or covenants that Borrower has failed or refused to perform.


More Definitions of Secured Party Representatives

Secured Party Representatives means the First Lien Representatives and the Second Lien Representatives.
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Related to Secured Party Representatives

  • Creditor Representative means, with respect to Series 2023-7, the Indenture Trustee.

  • Secured Parties means, collectively, the Administrative Agent, the Lenders, the Hedge Banks, the Cash Management Banks, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.05, and the other Persons the Obligations owing to which are or are purported to be secured by the Collateral under the terms of the Collateral Documents.

  • Second Priority Representative means (i) in the case of the Initial Second Priority Debt Facility covered hereby, the Initial Second Priority Representative and (ii) in the case of any Second Priority Debt Facility and the Second Priority Debt Parties thereunder the trustee, administrative agent, collateral agent, security agent or similar agent under such Second Priority Debt Facility that is named as the Representative in respect of such Second Priority Debt Facility in the applicable Joinder Agreement.

  • First Lien Secured Parties means (i) the Credit Agreement Secured Parties and (ii) the Additional First-Lien Secured Parties with respect to each Series of Additional First-Lien Obligations.

  • Priority Lien Secured Parties means the holders of Priority Lien Obligations, each Priority Lien Representative and the Collateral Trustee.