Examples of Standard Chartered Bank in a sentence
Prior to receipt of a Senior Bank Discharge Notice, if any Distribution on account of the Subordinated Obligations is received by Lender (other than a Permitted Distribution or the Specified Permitted Distribution), such Distribution shall not be commingled with any of the assets of Lender, shall be held in trust by Lender for the benefit of Standard Chartered Bank and the Senior Lenders and shall be promptly paid over to Standard Chartered Bank.
This Loan Agreement shall not be construed so as to confer any right or benefit upon any person or entity other than the parties to this Loan Agreement and their respective successors and assigns; provided that, notwithstanding the foregoing, Standard Chartered Bank shall be an express third party beneficiary of Sections 2.8, Section 2.9 and 6.2 hereof.
The Lender acknowledges and agrees that Standard Chartered Bank has a valid, perfected, first-priority lien over all assets of the Borrower subject to the terms of the Senior Loan Documents.
This Loan Agreement shall be governed by and construed in accordance with the laws of the State of Illinois; provided, however, that Section 2.8, Section 2.9 and the interpretation, determination and legal effect of the third party beneficiary status of Standard Chartered Bank pursuant to Section 6.3 shall in each case be governed by and construed in accordance with the laws of the State of New York.
None of the terms of this Loan Agreement or any of the other Loan Documents may be amended or otherwise modified except by an instrument executed by each of the Borrower and the Lender; provided that Section 2.5, Section 2.8, Section 2.9 and this Section 6.2 of this Loan Agreement shall not be amended without the consent of Standard Chartered Bank.