Onshore Collateral Agent definition

Onshore Collateral Agent shall have the meaning assigned to such term in the preamble.

Onshore Collateral Agent means Banco Monex, S.A., Institución de Banca Múltiple, Monex Grupo Financiero, in its capacity as Onshore Collateral Agent of the Finance Parties, and any successor thereto pursuant to Section 13.12.

Onshore Collateral Agent has the meaning assigned thereto in clause (viii) of the introductory paragraph to this Common Agreement.

Examples of Onshore Collateral Agent in a sentence

• The Onshore Collateral Agent shall be entitled to exercise any and all rights, prerogatives and actions permitted by this Agreement, the Master Security Agreement or applicable Peruvian law.

• The Onshore Collateral Agent shall provide no less than twenty (20) days notice in advance of such auction, which such notice shall include an identification of the designated auctioneer.

• Such sale or auction shall be carried out by the Onshore Collateral Agent, acting as instructed by the Administrative Agent, in a commercially reasonable manner.

• If the Guaranty is foreclosed through an auction, such auction shall be performed by an authorized auctioneer designated by the Onshore Collateral Agent.

• To the extent permitted by applicable Peruvian law and the Master Security Agreement, the Onshore Collateral Agent shall have the right to bid for and purchase the Goods and Assets offered for sale at the auction described herein, and upon compliance with the terms of the sale may hold and dispose of such property.

More Definitions of Onshore Collateral Agent

Onshore Collateral Agent means such successor agent effective upon its appointment, and the rights, powers and duties of the former Offshore Collateral Agent or Onshore Collateral Agent, as applicable, shall be terminated, without any other or further act or deed on the part of such former Collateral Agent (except that the applicable Collateral Agent that is resigning or being removed shall deliver all Collateral then in its possession to the successor Offshore Collateral Agent or Onshore Collateral Agent, as applicable) or any of the other Secured Parties. After any Collateral Agent's resignation or removal hereunder as Offshore Collateral Agent or Onshore Collateral Agent, as applicable, the provisions of this Article IX shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Offshore Collateral Agent or Onshore Collateral Agent, as applicable.

Onshore Collateral Agent means Banco Nacional de México, S.A., Integrante del Grupo Financiero Banamex, División Fiduciaria in its capacity as onshore collateral agent under any of the Collateral Documents, or any successor onshore collateral agent appointed.

Onshore Collateral Agent the meaning given in the preamble of the MSA.

Onshore Collateral Agent means such successor agent effective upon its appointment, and the former Offshore Collateral Agent’s or the Onshore Collateral Agent’s, as applicable, rights, powers and duties as Offshore Collateral Agent or the Onshore Collateral Agent shall be terminated, without any other or further act or deed on the part of such former Offshore Collateral Agent or the Onshore Collateral Agent (except that the former Offshore Collateral Agent and the Onshore Collateral Agent shall deliver all Collateral then in its possession to the successor Offshore Collateral Agent or the Onshore Collateral Agent, as applicable) or any of the other Secured Parties. After resignation or removal hereunder as Offshore Collateral Agent or the Onshore Collateral Agent, as applicable, the provisions of this Agreement shall continue to inure to the former Offshore Collateral Agent’s or the Onshore Collateral Agent’s benefit as to any actions taken or omitted to be taken by it while it was Offshore Collateral Agent or the Onshore Collateral Agent. The fees payable by the Borrower to a successor Collateral Agent shall be same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor.

Onshore Collateral Agent has the meaning set forth in the introductory paragraph hereof.

Onshore Collateral Agent. La Sucursal de Citibank N.A., establecida en la República Argentina or any other bank acceptable to the Senior Lenders; “Onshore E&I Contractor” Nordex Windpower, S.A.; “Onshore Erection and Installation Agreement” the offer letter entitled “Carta Oferta de Servicios Onshore Consistente en Transporte Interno, Instalación y Puesta en Marcha de Aerogeneradores AW125/3150 para el Parque Eólico de Achiras” issued by the Onshore E&I Contractor dated December 27, 2016, and accepted by the Borrower on December 28, 2016;

Onshore Collateral Agent means the branch of Citibank, N.A. established in the Republic of Argentina (together with its permitted successors in such capacity).