Collateral Agent definition

Collateral Agent as defined in the preamble hereto.

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

Collateral Agent shall have the meaning assigned to such term in the introductory statement to this Agreement.

Examples of Collateral Agent in a sentence

• The Administrative Agent, the Collateral Agent and each Lender may regard any notice or other communication pursuant to any Loan Document from the Borrower Representative as a notice or communication from all Loan Parties.

• On the Closing Date, JPMorgan Chase Bank, N.A., as collateral agent under the ABL Credit Agreement, shall have received notice of the Refinancing (as defined in the Intercreditor Agreement) from the Collateral Agent.

• The Administrative Agent may at any time give notice of its resignation (including as Collateral Agent) to the Lenders and the Borrower.

• The Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account.

• Each Borrower is accepting joint and several liability hereunder in consideration of the financial accommodations to be provided by the Administrative Agent, the Collateral Agent and the Lenders and L/C Issuers under this Agreement, for the mutual benefit, directly and indirectly, of each of the Borrowers and in consideration of the undertakings of each of the Borrowers to accept joint and several liability for the obligations of each of them.

More Definitions of Collateral Agent

Collateral Agent as defined in the preamble to this Agreement.

Collateral Agent means the Administrative Agent acting as collateral agent for the Secured Creditors pursuant to the Security Documents.

Collateral Agent shall have the meaning provided in the first paragraph of this Agreement.

Collateral Agent means the Person who is then the Collateral Agent thereunder.

Collateral Agent means JPMorgan Chase Bank, N.A., in its capacity as collateral agent for the Secured Parties.

Collateral Agent means Bank of America, in its capacity as collateral agent or pledgee in its own name under any of the Loan Documents, or any successor collateral agent.

Collateral Agent means such successor administrative agent or collateral agent and/or Supplemental Agent, as the case may be, and the retiring Administrative Agent’s or Collateral Agent’s appointment, powers and duties as the Administrative Agent or Collateral Agent shall be terminated. After the retiring Administrative Agent’s or the Collateral Agent’s resignation or removal hereunder as the Administrative Agent or Collateral Agent, the provisions of this Article IX and Sections 10.04 and 10.05 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Administrative Agent or Collateral Agent under this Agreement. If no successor agent has accepted appointment as the Administrative Agent or the Collateral Agent by the date which is thirty (30) days following the retiring Administrative Agent’s or Collateral Agent’s notice of resignation or fifteen (15) days following the Borrower’s notice of removal, the retiring Administrative Agent’s or the retiring Collateral Agent’s resignation shall nevertheless thereupon become effective and the Lenders shall perform all of the duties of the Administrative Agent or Collateral Agent hereunder until such time, if any, as the Required Lenders appoint a successor agent as provided for above. Upon the acceptance of any appointment as the Administrative Agent or Collateral Agent hereunder by a successor and upon the execution and filing or recording of such financing statements, or amendments thereto, and such other instruments or notices, as may be necessary or desirable, or as the Required Lenders may request, in order to (a) continue the perfection of the Liens granted or purported to be granted by the Collateral Documents or (b) otherwise ensure that Section 6.11 is satisfied, the Administrative Agent or Collateral Agent shall thereupon succeed to and become vested with all the rights, powers, discretion, privileges, and duties of the retiring Administrative Agent or Collateral Agent, and the retiring Administrative Agent or Collateral Agent shall be discharged from its duties and obligations under the Loan Documents. After the retiring Administrative Agent’s or Collateral Agent’s resignation hereunder as the Administrative Agent or the Collateral Agent, the provisions of this Article IX shall continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as the Administrative Agent or the Collateral Agent.