Security Pooling Agreement definition
Examples of Security Pooling Agreement in a sentence
Without prejudice to the provisions in clause 7 (Amendments to the Financing Documents) of the Security Pooling Agreement, all amendments, consents and waivers under this Agreement may be given by the Agent acting on the direction of the Majority Lenders.
The benefit of this Agreement (including, without limitation, all warranties and undertakings and any sums received by the Security Agent pursuant to this Agreement) shall be held by the Security Agent upon and subject to the terms of the Security Pooling Agreement for the benefit of the Lenders.
The New Lender confirms (i) that it becomes a party to the Security Pooling Agreement and the Shareholders Undertaking Agreement by virtue of the assignment and assumption hereunder and (ii) that it is bound by, and entitled to all benefits arising from, the provisions of such agreements as if it had been an original party to such agreements.
The BORROWER and the LENDERS shall further agree to the amendments of the Security Pooling Agreement of December 13, 2000 that are necessary in this connection essentially in accordance with the draft of an amended version of the Security Pooling Agreement enclosed with this Agreement as Annex 6.
The Parties acknowledge and confirm that they have taken note of all amendments in the Amended Pulp Mill Facility Agreement, the Amended Blue Mill Facility Agreement and the Amended Security Pooling Agreement.
In the event of any conflict or inconsistency between the terms and conditions of Amended Pulp Mill Facility Agreement, the Amended Pulp Mill Facility Agreement or the Amended Security Pooling Agreement and the terms and conditions hereof, the terms and conditions of this Agreement shall prevail.
Terms defined in clause 1 (Definitions) of the Facility Agreement shall, unless otherwise defined in this Agreement, have the same meaning when used herein and, in addition: Agency and Security Pooling Agreement has the same meaning given to such term in the Facility Agreement.
As of this date, the New Lender will be bound by the Loan Agreement, the Agency and Security Pooling Agreement and the Security Documents as an Lender.
Invalid provisions shall be construed in accordance with the intent of the parties and the purpose of this Security Pooling Agreement.
The Security Pooling Agreement shall be amended with effect from the Amendment Date in the form as set out in Schedule 2 (Amended Security Pooling Agreement) so that (i) the rights and obligations of the parties to the Security Pooling Agreement shall, on and from the Amendment Date, be governed and construed in accordance with the provisions of the Amended Security Pooling Agreement and (ii) IKB shall become a party thereto.