Collateral Monitor means HSBC, when acting in its capacity as Collateral Monitor under any of the Loan Documents, and any successor thereto.
Collateral Monitor s reports may contain confidential information which is non-public, confidential or proprietary in nature, and therefore is being provided to Agent and Banks on a confidential basis and is to be used for the sole purpose of assisting Agent and Banks in their independent credit analysis of Borrower and its Subsidiaries as described above. Except as may be required by applicable law or by any federal regulator or any auditor of Agent or any Bank, each Bank and Agent will not disclose any of the contents of such reports to any person, including Borrower and its Subsidiaries, other than those officers, directors, employees, representatives and professional advisors of such Bank or Agent or who need to know the contents thereof for the purpose of such credit analysis described above. The Collateral Monitor shall have no duties or responsibilities except those expressly set forth in this Agreement and any other Loan Document. The Collateral Monitor shall not be bound by any waiver, amendment, supplement or modification of this Agreement or any other Loan Document which affects its duties hereunder or thereunder unless it shall have given its prior written consent.
Examples of Collateral Monitor in a sentence
If a Collateral Monitor proposes an adjustment or revision to Borrowing Base eligibility standards, advance rates applicable to the Borrowing Base or Reserves, or makes any other proposal regarding a determination or action which may be made by the Collateral Monitors pursuant to this Agreement or any Credit Document, the other Collateral Monitors shall respond to such proposal within three (3) Business Days of its receipt of such written proposal.
More Definitions of Collateral Monitor
Collateral Monitor means LaSalle Business Credit, Inc., in its capacity as collateral monitor for the Lenders, and its successors in such capacity (including any successor designated by the Majority Lenders).
Collateral Monitor means any Person appointed to act as “collateral monitor” under any Collateral Monitor Agreement, together with any such Person’s Affiliates, or any successor collateral monitors in such capacity.
Collateral Monitor means FundRock Management Company S.A. "Company Law" means the Luxembourg law of 10 August 1915 on
Collateral Monitor as defined in the Custodian Agreement.
Collateral Monitor shall have the meaning assigned to such term in the preamble hereof.
Collateral Monitor shall have the meaning set forth in the Introduction.
Collateral Monitor means Ernst & Young or other successor collateral monitor selected in accordance with SECTION 6.11.