Examples of Collateral Management Agreement in a sentence
Assignment Subject to customary permitted assignments, no assignment (as that term is defined in the Advisers Act) of the Collateral Management Agreement may be made without the prior written consent of the required majority of the holders of the CLO Equity Securities and otherwise in compliance with the terms of the CLO Transaction Documents.
The Collateral Management Agreement provides that so long as any Class A Notes are outstanding, the Collateral Manager may be removed at any time without cause upon not less than ninety (90) days' prior written notice to the Collateral Manager, the Trustee, the Hedge Provider and to the Rating Agency, at the direction of holders of at least 66 2/3% in aggregate outstanding principal amount of such aforementioned Notes, voting together as a single class (a "Collateral Manager Removal").
Under the Collateral Management Agreement, the Collateral Manager (acting for or on behalf of the Issuer) is responsible for managing and servicing the Collateral Bonds and the Authorised Investments, including executing the acquisition and disposal of Collateral Bonds and Authorised Investments, in each case, subject to compliance with the applicable provisions of the Security Deed and the Collateral Management Agreement.
So long as any Class A Notes or Class B Notes are Outstanding, the Collateral Manager may be removed by the Issuer at the direction of Holders of at least 66-2/3% in Aggregate Outstanding Amount of the Controlling Class of Notes if the Class A/B Overcollateralization Test is less than 100% as of the immediately preceding Determination Date, upon not less than 45 days’ prior written notice to the Collateral Manager, pursuant to Section 11(c) of the Collateral Management Agreement.
EXHIBIT A AMENDMENT TO COLLATERAL MANAGEMENT AGREEMENT This Amendment (this "Amendment"), dated as of [ ] [ ], 2016, to the Collateral Management Agreement (the "Collateral Management Agreement") entered into by the parties hereto as of November 15, 2013 is entered into by and between Xxxxxx Xxx Xxxx Credit Strategies LP (the "Collateral Manager") and KVK CLO 2013-2 Ltd., (the "Issuer").