{"component": "clause", "props": {"groups": [{"snippet": "The Administrative Agent shall also act as the \u201ccollateral agent\u201d under the Loan Documents, and each of the Lenders (including in its capacities as a potential Hedge Bank and a potential Cash Management Bank) and the L/C Issuer hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of such Lender and the L/C Issuer for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Secured Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Administrative Agent, as \u201ccollateral agent\u201d and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 9.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Article IX and Article XI (including Section 11.04(c), as though such co-agents, sub-agents and attorneys-in-fact were the \u201ccollateral agent\u201d under the Loan Documents) as if set forth in full herein with respect thereto.", "samples": [{"hash": "60gAYefpDU8", "uri": "/contracts/60gAYefpDU8#collateral-agent", "label": "Credit Agreement (Mission Produce, Inc.)", "score": 37.2464065552, "published": true}, {"hash": "kIYOItO493e", "uri": "/contracts/kIYOItO493e#collateral-agent", "label": "Second Amendment to Credit Agreement (Houlihan Lokey, Inc.)", "score": 36.6358642578, "published": true}, {"hash": "kwb4uxQdefz", "uri": "/contracts/kwb4uxQdefz#collateral-agent", "label": "Credit Agreement (DocGo Inc.)", "score": 36.5975341797, "published": true}], "snippet_links": [{"key": "agent-shall", "type": "definition", "offset": [19, 30]}, {"key": "the-loan-documents", "type": "clause", "offset": [72, 90]}, {"key": "each-of-the-lenders", "type": "clause", "offset": [96, 115]}, {"key": "hedge-bank", "type": "definition", "offset": [160, 170]}, {"key": "cash-management-bank", "type": "definition", "offset": [187, 207]}, {"key": "administrative-agent-to-act", "type": "clause", "offset": [275, 302]}, {"key": "the-agent", "type": "clause", "offset": [306, 315]}, {"key": "for-purposes-of", "type": "clause", "offset": [350, 365]}, {"key": "granted-by", "type": "definition", "offset": [431, 441]}, {"key": "the-loan-parties", "type": "clause", "offset": [449, 465]}, {"key": "to-secure", "type": "clause", "offset": [466, 475]}, {"key": "the-secured-obligations", "type": "clause", "offset": [483, 506]}, {"key": "agents-and-attorneys", "type": "clause", "offset": [678, 698]}, {"key": "pursuant-to-section", "type": "definition", "offset": [745, 764]}, {"key": "the-collateral-documents", "type": "clause", "offset": [873, 897]}, {"key": "rights-and-remedies", "type": "clause", "offset": [921, 940]}, {"key": "benefits-of", "type": "clause", "offset": [1023, 1034]}, {"key": "article-ix", "type": "clause", "offset": [1058, 1068]}, {"key": "article-xi", "type": "definition", "offset": [1073, 1083]}], "size": 271, "hash": "e465d4b5bd90bb9383e153ee4f6966eb", "id": 1}, {"snippet": "(a) The Trustee and each of the Holders by acceptance of the Notes hereby authorize the appointment of the Collateral Agent as the Trustee\u2019s and the Holders\u2019 collateral agent under the Collateral Agreements, and the Trustee and each of the Holders by acceptance of the Notes hereby irrevocably authorize the Collateral Agent to take such action on their behalf under the provisions of the Collateral Agreements, including the Intercreditor Agreements, and to exercise such powers and perform such duties as are expressly delegated to the Collateral Agent by the terms of this Indenture, the Intercreditor Agreements and the other Collateral Agreements, together with such powers as are reasonably incidental thereto.\n(b) The Collateral Agent may resign and its successor appointed in accordance with the terms of the Intercreditor Agreement.\n(c) The Trustee is authorized and directed by the Holders and the Holders by acquiring the Notes are deemed to have authorized the Trustee, as applicable, to (1) enter into the Intercreditor Agreement, (2) bind the Holders on the terms as set forth in the Intercreditor Agreement, (3) perform and observe its obligations and exercise its rights and powers under the Intercreditor Agreement, including entering into amendments permitted by the terms of this Indenture, the Intercreditor Agreement or the other Collateral Agreements and (4) cause the Collateral Agent to enter into and perform its obligations under the Collateral Agreements. The Collateral Agent is authorized and directed by the Trustee and the Holders and the Holders by acquiring the Notes are deemed to have authorized the Collateral Agent, to (i) enter into the other Collateral Agreements to which it is a party, (ii) bind the Trustee and the Holders on the terms as set forth in such Collateral Agreements and (iii) perform and observe its obligations and exercise its rights and powers under such Collateral Agreements, including entering into amendments permitted by the terms of this Indenture or the Collateral Agreements. Each Holder, by its acceptance of a Note, is deemed to have consented and agreed to the terms of the Intercreditor Agreement and each other Collateral Agreement, as originally in effect and as amended, restated, replaced, supplemented or modified from time to time in accordance with its terms or the terms of this Indenture. Each of the Trustee and the Holders by acquiring the Notes is hereby deemed to (A) agree that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreement and the Collateral Trust Agreement and (B) acknowledge that it has received copies of the Intercreditor Agreement and the Collateral Trust Agreement and that the exercise of certain of the Trustee\u2019s rights and remedies hereunder may be subject to, and restricted by, the provisions of the Intercreditor Agreement and the Collateral Trust Agreement. NOTWITHSTANDING ANY OTHER PROVISION CONTAINED IN THIS INDENTURE, IN THE EVENT OF ANY CONFLICT OR INCONSISTENCY BETWEEN THE PROVISIONS OF THIS INDENTURE AND THE INTERCREDITOR AGREEMENT OR THE COLLATERAL TRUST AGREEMENT, THE INTERCREDITOR AGREEMENT OR THE COLLATERAL TRUST AGREEMENT, AS APPLICABLE, SHALL CONTROL.\n(d) The Collateral Agent shall have no obligation whatsoever to the Trustee or any of the Holders to assure that the Collateral exists or is owned by the Company or any of the Collateral Grantors or is cared for, protected or insured or has been encumbered, or that the Collateral Agent\u2019s Liens have been properly or sufficiently or lawfully created, perfected, protected, maintained or enforced or are entitled to any particular priority, or to determine whether all of the applicable Collateral Grantor\u2019s property constituting Collateral intended to be subject to the Lien and security interest of the Collateral Agreements has been properly and completely listed or delivered, as the case may be, or the genuineness, validity, marketability or sufficiency thereof or title thereto.\n(e) The grant of permissive rights or powers to the Collateral Agent shall not be construed to impose duties to act. For the avoidance of doubt, nothing herein shall require the Collateral Agent to file financing statements or continuation statements, or be responsible for maintaining the security interests purported to be created by the Collateral Agreements and such responsibility shall be solely that of the Company.", "samples": [{"hash": "aWet8Lmnv9L", "uri": "/contracts/aWet8Lmnv9L#collateral-agent", "label": "Indenture (Comstock Oil & Gas, LP)", "score": 27.6858310699, "published": true}, {"hash": "1Zwxn5hnnYI", "uri": "/contracts/1Zwxn5hnnYI#collateral-agent", "label": "Indenture (Comstock Oil & Gas, LP)", "score": 27.6858310699, "published": true}, {"hash": "A0JH9Lon6h", "uri": "/contracts/A0JH9Lon6h#collateral-agent", "label": "Indenture (Comstock Oil & Gas, LP)", "score": 27.6639289856, "published": true}], "snippet_links": [{"key": "acceptance-of-the", "type": "clause", "offset": [43, 60]}, {"key": "appointment-of-the-collateral-agent", "type": "clause", "offset": [88, 123]}, {"key": "collateral-agreements", "type": "definition", "offset": [185, 206]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [367, 388]}, {"key": "intercreditor-agreements", "type": "definition", "offset": [426, 450]}, {"key": "to-exercise", "type": "clause", "offset": [456, 467]}, {"key": "the-terms", "type": "definition", "offset": [558, 567]}, {"key": "other-collateral", "type": "definition", "offset": [624, 640]}, {"key": "successor-appointed", "type": "clause", "offset": [761, 780]}, {"key": "in-accordance-with", "type": "clause", "offset": [781, 799]}, {"key": "terms-of-the", "type": "clause", "offset": [804, 816]}, {"key": "by-the-holders", "type": "clause", "offset": [885, 899]}, {"key": "the-notes-are", "type": "definition", "offset": [929, 942]}, {"key": "and-exercise", "type": "clause", "offset": [1163, 1175]}, {"key": "rights-and-powers", "type": "clause", "offset": [1180, 1197]}, {"key": "under-the-intercreditor-agreement", "type": "clause", "offset": [1198, 1231]}, {"key": "entering-into", "type": "clause", "offset": [1243, 1256]}, {"key": "amendments-permitted", "type": "clause", "offset": [1257, 1277]}, {"key": "agreement-or", "type": "definition", "offset": [1328, 1340]}, {"key": "to-enter", "type": "definition", "offset": [1408, 1416]}, {"key": "obligations-under-the", "type": "clause", "offset": [1438, 1459]}, {"key": "by-the-trustee", "type": "clause", "offset": [1531, 1545]}, {"key": "a-party", "type": "clause", "offset": [1718, 1725]}, {"key": "a-note", "type": "clause", "offset": [2076, 2082]}, {"key": "agreed-to", "type": "definition", "offset": [2116, 2125]}, {"key": "in-effect", "type": "clause", "offset": [2218, 2227]}, {"key": "as-amended", "type": "definition", "offset": [2232, 2242]}, {"key": "from-time-to-time", "type": "clause", "offset": [2289, 2306]}, {"key": "no-actions", "type": "clause", "offset": [2496, 2506]}, {"key": "contrary-to", "type": "definition", "offset": [2507, 2518]}, {"key": "collateral-trust-agreement", "type": "clause", "offset": [2573, 2599]}, {"key": "copies-of-the", "type": "clause", "offset": [2641, 2654]}, {"key": "exercise-of", "type": "clause", "offset": [2727, 2738]}, {"key": "certain-of-the", "type": "clause", "offset": [2739, 2753]}, {"key": "rights-and-remedies", "type": "clause", "offset": [2764, 2783]}, {"key": "notwithstanding-any-other-provision", "type": "clause", "offset": [2914, 2949]}, {"key": "contained-in", "type": "definition", "offset": [2950, 2962]}, {"key": "in-the-event-of", "type": "definition", "offset": [2979, 2994]}, {"key": "conflict-or-inconsistency", "type": "clause", "offset": [2999, 3024]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [3033, 3055]}, {"key": "agent-shall", "type": "definition", "offset": [3245, 3256]}, {"key": "no-obligation", "type": "clause", "offset": [3262, 3275]}, {"key": "to-the-trustee", "type": "clause", "offset": [3287, 3301]}, {"key": "by-the-company", "type": "clause", "offset": [3373, 3387]}, {"key": "collateral-grantors", "type": "definition", "offset": [3402, 3421]}, {"key": "determine-whether", "type": "clause", "offset": [3672, 3689]}, {"key": "applicable-collateral", "type": "definition", "offset": [3701, 3722]}, {"key": "lien-and-security-interest", "type": "clause", "offset": [3796, 3822]}, {"key": "the-case", "type": "definition", "offset": [3909, 3917]}, {"key": "grant-of", "type": "definition", "offset": [4019, 4027]}, {"key": "rights-or-powers", "type": "clause", "offset": [4039, 4055]}, {"key": "to-act", "type": "definition", "offset": [4120, 4126]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [4128, 4154]}, {"key": "require-the", "type": "clause", "offset": [4177, 4188]}, {"key": "to-file", "type": "definition", "offset": [4206, 4213]}, {"key": "financing-statements", "type": "definition", "offset": [4214, 4234]}, {"key": "continuation-statements", "type": "clause", "offset": [4238, 4261]}, {"key": "responsible-for", "type": "clause", "offset": [4269, 4284]}, {"key": "the-security-interests", "type": "definition", "offset": [4297, 4319]}, {"key": "created-by", "type": "definition", "offset": [4336, 4346]}, {"key": "of-the-company", "type": "clause", "offset": [4418, 4432]}], "size": 218, "hash": "635b1c9dbb6d204e911f0f17d4a850fa", "id": 3}, {"snippet": "(i) Each Buyer hereby (a) appoints Empery Tax Efficient, LP as the collateral agent hereunder and under the Security Documents (in such capacity, the \u201cCollateral Agent\u201d), and (b) authorizes the Collateral Agent (and its officers, directors, employees and agents) to take such action on such Buyer\u2019s behalf in accordance with the terms hereof and thereof. The Collateral Agent shall not have, by reason hereof or pursuant to any Security Documents, a fiduciary relationship in respect of any Buyer. Neither the Collateral Agent nor any of its officers, directors, employees and agents shall have any liability to any Buyer for any action taken or omitted to be taken in connection hereof or the Security Documents except to the extent caused by its own gross negligence or willful misconduct, and each Buyer agrees to defend, protect, indemnify and hold harmless the Collateral Agent and all of its officers, directors, employees and agents (collectively, the \u201cCollateral Agent Indemnitees\u201d) from and against any losses, damages, liabilities, obligations, penalties, actions, judgments, suits, fees, costs and expenses (including, without limitation, reasonable attorneys\u2019 fees, costs and expenses) incurred by such Collateral Agent Indemnitee, whether direct, indirect or consequential, arising from or in connection with the performance by such Collateral Agent Indemnitee of the duties and obligations of Collateral Agent pursuant hereto or any of the Security Documents.\n(ii) The Collateral Agent shall be entitled to rely upon any written notices, statements, certificates, orders or other documents or any telephone message believed by it in good faith to be genuine and correct and to have been signed, sent or made by the proper Person, and with respect to all matters pertaining to this Agreement or any of the other Transaction Documents and its duties hereunder or thereunder, upon advice of counsel selected by it.\n(iii) The Collateral Agent may resign from the performance of all its functions and duties hereunder and under the Notes and the Security Documents at any time by giving at least ten (10) Business Days prior written notice to the Company and each holder of the Notes. Such resignation shall take effect upon the acceptance by a successor Collateral Agent of appointment as provided below. Upon any such notice of resignation, the holders of a majority of the outstanding principal amount of Notes shall appoint a successor Collateral Agent. Upon the acceptance of the appointment as Collateral Agent, such successor Collateral Agent shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Collateral Agent, and the retiring Collateral Agent shall be discharged from its duties and obligations under this Agreement, the Notes and the Security Agreement. After any Collateral Agent\u2019s resignation hereunder, the provisions of this Section 4(q) shall inure to its benefit. If a successor Collateral Agent shall not have been so appointed within said ten (10) Business Day period, the retiring Collateral Agent shall then appoint a successor Collateral Agent who shall serve until such time, if any, as the holders of a majority of the outstanding principal amount of Notes appoints a successor Collateral Agent as provided above.\n(iv) The Company hereby covenants and agrees to take all actions as promptly as practicable reasonably requested by either the holders of a majority of the outstanding principal amount of Notes or the Collateral Agent (or its successor), from time to time pursuant to the terms of this Section 4(q), to secure a successor Collateral Agent satisfactory to such requesting part(y)(ies), in their sole discretion, including, without limitation, by paying all fees of such successor Collateral Agent, by having the Company agree to indemnify any successor Collateral Agent and by each of the Company executing a collateral agency agreement or similar agreement and/or any amendment to the Security Documents reasonably requested or required by the successor Collateral Agent.\n(v) The Company agrees to pay the Collateral Agent, by wire transfer of immediately available funds in accordance with the Collateral Agent\u2019s written wire instructions, a quarterly agency fee of $10,000 within three (3) Business Days following the end of each calendar quarter that the Collateral Agent acted as collateral agent in accordance with this Section 4(q) and the Security Documents during such calendar quarter, provided, such fee shall be non-duplicative to any existing fee arrangements with the Collateral Agent arising from existing Indebtedness.", "samples": [{"hash": "lDICvZRBo1D", "uri": "/contracts/lDICvZRBo1D#collateral-agent", "label": "Securities Purchase Agreement (Ener-Core, Inc.)", "score": 29.42710495, "published": true}, {"hash": "chpeVNViKgu", "uri": "/contracts/chpeVNViKgu#collateral-agent", "label": "Securities Purchase Agreement (Ener-Core, Inc.)", "score": 29.232717514, "published": true}, {"hash": "NYLwdjOje9", "uri": "/contracts/NYLwdjOje9#collateral-agent", "label": "Securities Purchase Agreement (Ener-Core, Inc.)", "score": 29.068447113, "published": true}], "snippet_links": [{"key": "agent-hereunder", "type": "clause", "offset": [78, 93]}, {"key": "the-security-documents", "type": "clause", "offset": [104, 126]}, {"key": "employees-and-agents", "type": "definition", "offset": [241, 261]}, {"key": "such-buyer", "type": "definition", "offset": [286, 296]}, {"key": "in-accordance-with", "type": "clause", "offset": [306, 324]}, {"key": "agent-shall", "type": "definition", "offset": [370, 381]}, {"key": "fiduciary-relationship", "type": "definition", "offset": [450, 472]}, {"key": "in-respect-of", "type": "clause", "offset": [473, 486]}, {"key": "action-taken", "type": "clause", "offset": [630, 642]}, {"key": "except-to-the-extent", "type": "clause", "offset": [713, 733]}, {"key": "caused-by", 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"offset": [2329, 2350]}, {"key": "holders-of", "type": "clause", "offset": [2356, 2366]}, {"key": "a-majority", "type": "definition", "offset": [2367, 2377]}, {"key": "amount-of-notes", "type": "clause", "offset": [2407, 2422]}, {"key": "appointment-as-collateral-agent", "type": "clause", "offset": [2494, 2525]}, {"key": "the-rights", "type": "clause", "offset": [2603, 2613]}, {"key": "duties-of-the", "type": "definition", "offset": [2638, 2651]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [2753, 2785]}, {"key": "the-security-agreement", "type": "clause", "offset": [2801, 2823]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [2881, 2907]}, {"key": "business-day-period", "type": "definition", "offset": [3027, 3046]}, {"key": "the-company-hereby", "type": "clause", "offset": [3303, 3321]}, {"key": "all-actions", "type": "definition", "offset": [3351, 3362]}, {"key": "requested-by", "type": "definition", "offset": [3401, 3413]}, {"key": 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"offset": [4251, 4261]}, {"key": "following-the", "type": "definition", "offset": [4304, 4317]}, {"key": "calendar-quarter", "type": "definition", "offset": [4330, 4346]}, {"key": "fee-arrangements", "type": "clause", "offset": [4553, 4569]}, {"key": "existing-indebtedness", "type": "definition", "offset": [4609, 4630]}], "size": 224, "hash": "82935b73b2d430fcbc196f205d93763f", "id": 2}, {"snippet": "The rights, privileges, protections, immunities and benefits given to the Trustee, including its right to be indemnified, are extended to, and shall be enforceable by, the Collateral Agent as if the Collateral Agent were named as the Trustee herein and the Security Documents were named as this Indenture herein.", "samples": [{"hash": "aOy40WaCvpv", "uri": "/contracts/aOy40WaCvpv#collateral-agent", "label": "Indenture (Salem Media Group, Inc. /De/)", "score": 32.7070503235, "published": true}, {"hash": "bREFULWVgV8", "uri": "/contracts/bREFULWVgV8#collateral-agent", "label": "Indenture (Salem Media Group, Inc. /De/)", "score": 28.38945961, "published": true}, {"hash": "3KYnSIZAaQU", "uri": "/contracts/3KYnSIZAaQU#collateral-agent", "label": "Indenture (Cenveo, Inc)", "score": 25.4955501556, "published": true}], "snippet_links": [{"key": "the-rights", "type": "clause", "offset": [0, 10]}, {"key": "and-benefits", "type": "clause", "offset": [48, 60]}, {"key": "to-the-trustee", "type": "clause", "offset": [67, 81]}, {"key": "right-to", "type": "clause", "offset": [97, 105]}, {"key": "the-collateral-agent", "type": "clause", "offset": [168, 188]}, {"key": "the-security-documents", "type": "clause", "offset": [253, 275]}], "size": 36, "hash": "705d71175f87983d8a36939746a7d97f", "id": 9}, {"snippet": "Each reference herein to any right granted to, benefit conferred upon or power exercisable by the \u201cCollateral Agent\u201d shall be a reference to the Collateral Agent, for the benefit of the Secured Parties.", "samples": [{"hash": "h2xInKoGfMl", "uri": "/contracts/h2xInKoGfMl#collateral-agent", "label": "Security and Pledge Agreement (UpHealth, Inc.)", "score": 35.1218338013, "published": true}, {"hash": "gas6HBqRdHR", "uri": "/contracts/gas6HBqRdHR#collateral-agent", "label": "Security and Pledge Agreement (Porch Group, Inc.)", "score": 34.3004798889, "published": true}, {"hash": "cihwxyWyS3b", "uri": "/contracts/cihwxyWyS3b#collateral-agent", "label": "Indenture (Porch Group, Inc.)", "score": 34.3004798889, "published": true}], "snippet_links": [{"key": "reference-herein-to", "type": "definition", "offset": [5, 24]}, {"key": "granted-to", "type": "definition", "offset": [35, 45]}, {"key": "a-reference-to", "type": "clause", "offset": [126, 140]}, {"key": "the-collateral-agent", "type": "clause", "offset": [141, 161]}, {"key": "benefit-of-the-secured-parties", "type": "clause", "offset": [171, 201]}], "size": 51, "hash": "6f28f41c1285aa9b55a989f98c153956", "id": 8}, {"snippet": "The Administrative Agent shall also act as the \u201ccollateral agent\u201d under the Loan Documents, and each of the Lenders (including in its capacities as a potential Qualified Counterparty and a potential Cash Management Provider) and the Issuing Lenders hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of such Lender and the Issuing Lenders (with the full power to appoint and to substitute and to delegate) on its behalf, or in its own name as joint and several creditor or creditor of a parallel debt (as the case may be) for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Administrative Agent, as \u201ccollateral agent\u201d and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 10.5 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the benefits of all provisions of this Section 10 and Section 11, as though such co-agents, sub-agents and attorneys-in-fact were the \u201ccollateral agent\u201d under the Loan Documents as if set forth in full herein with respect thereto. Without limiting the generality of the foregoing, the Lenders hereby expressly authorize the Administrative Agent on its behalf and/or in its own name (including under any parallel debt) to execute any and all documents (including releases) with respect to the Collateral and the rights of the Secured Parties with respect thereto, as contemplated by and in accordance with the provisions of this Agreement and the Security Documents and acknowledge and agree that any such action by any Agent shall bind the Lenders. Each Lender agrees that it shall not take or institute any actions or proceedings, judicial or otherwise, for any right or remedy with respect to any Collateral against any Borrower or any other Loan Party or any other obligor under any of the Loan Documents, Specified Swap Agreements or any Specified Cash Management Agreement (including, in each case, the exercise of any right of setoff, rights on account of any banker\u2019s lien or similar claim or other rights of self-help), or institute any actions or proceedings, or otherwise commence any remedial procedures, with respect to any Collateral of any Borrower or any other Loan Party, without the prior written consent of the Administrative Agent. In the event of a foreclosure by the Administrative Agent on any of the Collateral pursuant to a public or private sale or a sale of any of the Collateral pursuant to Section 363 of the Bankruptcy Code (or an equivalent process in any foreign jurisdiction), the Administrative Agent or any Lender may be the purchaser of any or all of such Collateral at any such sale and the Administrative Agent, as agent for and representative of the Lenders (but not any Lender or Lenders in its or their respective individual capacities unless the Required Lenders shall otherwise agree in writing) shall be entitled, with the consent or at the direction of the Required Lenders, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such sale, to use and apply any of the Obligations as a credit on account of the purchase price for any Collateral payable by the Administrative Agent at such sale.", "samples": [{"hash": "40OWE74DtXh", "uri": "/contracts/40OWE74DtXh#collateral-agent", "label": "Credit Agreement (Clarivate PLC)", "score": 35.0835037231, "published": true}, {"hash": "bVZXwjd5zkr", "uri": "/contracts/bVZXwjd5zkr#collateral-agent", "label": "Credit Agreement (CLARIVATE PLC)", "score": 34.5961685181, "published": true}, {"hash": "4yrVWcgPCee", "uri": "/contracts/4yrVWcgPCee#collateral-agent", "label": "Incremental Facility Amendment (CLARIVATE PLC)", "score": 33.257358551, "published": true}], "snippet_links": [{"key": "agent-shall", "type": "definition", "offset": [19, 30]}, {"key": "the-loan-documents", "type": "clause", "offset": [72, 90]}, {"key": "each-of-the-lenders", "type": "clause", "offset": [96, 115]}, {"key": "qualified-counterparty", "type": "definition", "offset": [160, 182]}, {"key": "cash-management-provider", "type": "definition", "offset": [199, 223]}, {"key": "issuing-lenders", "type": "definition", "offset": [233, 248]}, {"key": "administrative-agent-to-act", "type": "clause", "offset": [296, 323]}, {"key": "the-agent", "type": "clause", "offset": [327, 336]}, {"key": "power-to-appoint", "type": "clause", "offset": [391, 407]}, {"key": "to-delegate", "type": "clause", "offset": [430, 441]}, {"key": "joint-and-several", "type": "clause", "offset": [480, 497]}, {"key": "parallel-debt", "type": "definition", "offset": [524, 537]}, {"key": "the-case", "type": "definition", "offset": [542, 550]}, {"key": "for-purposes-of", "type": "clause", "offset": [559, 574]}, {"key": "granted-by", "type": "definition", "offset": [640, 650]}, {"key": "the-loan-parties", "type": "clause", "offset": [658, 674]}, {"key": "to-secure", "type": "clause", "offset": [675, 684]}, {"key": "the-obligations", "type": "clause", "offset": [692, 707]}, {"key": "agents-and-attorneys", "type": "clause", "offset": [879, 899]}, {"key": "section-10", "type": "clause", "offset": [958, 968]}, {"key": "the-collateral", "type": "clause", "offset": [1020, 1034]}, {"key": "the-security-documents", "type": "clause", "offset": [1074, 1096]}, {"key": "rights-and-remedies", "type": "clause", "offset": [1120, 1139]}, {"key": "benefits-of", "type": "clause", "offset": [1222, 1233]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [1238, 1264]}, {"key": "section-11", "type": "definition", "offset": [1272, 1282]}, {"key": "without-limiting-the-generality-of-the-foregoing", "type": "clause", "offset": [1449, 1497]}, {"key": "all-documents", "type": "definition", "offset": [1655, 1668]}, {"key": "with-respect-to", "type": "clause", "offset": [1690, 1705]}, {"key": "rights-of-the-secured-parties", "type": "clause", "offset": [1729, 1758]}, {"key": "in-accordance-with-the-provisions-of-this-agreement", "type": "definition", "offset": [1804, 1855]}, {"key": "acknowledge-and-agree", "type": "clause", "offset": [1887, 1908]}, {"key": "action-by-any-agent", "type": "clause", "offset": [1923, 1942]}, {"key": "each-lender", "type": "clause", "offset": [1967, 1978]}, {"key": "actions-or-proceedings", "type": "definition", "offset": [2026, 2048]}, {"key": "right-or-remedy", "type": "clause", "offset": [2081, 2096]}, {"key": "loan-party", "type": "clause", "offset": [2162, 2172]}, {"key": "other-obligor", "type": "definition", "offset": [2180, 2193]}, {"key": "specified-swap-agreements", "type": "definition", "offset": [2227, 2252]}, {"key": "specified-cash-management-agreement", "type": "definition", "offset": [2260, 2295]}, {"key": "each-case", "type": "definition", "offset": [2311, 2320]}, {"key": "exercise-of", "type": "clause", "offset": [2326, 2337]}, {"key": "right-of-setoff", "type": "definition", "offset": [2342, 2357]}, {"key": "rights-of-self", "type": "clause", "offset": [2424, 2438]}, {"key": "consent-of-the-administrative-agent", "type": "clause", "offset": [2632, 2667]}, {"key": "in-the-event-of-a", "type": "clause", "offset": [2669, 2686]}, {"key": "pursuant-to-a", "type": "clause", "offset": [2752, 2765]}, {"key": "public-or-private-sale", "type": "clause", "offset": [2766, 2788]}, {"key": "sale-of", "type": "clause", "offset": [2794, 2801]}, {"key": "bankruptcy-code", "type": "clause", "offset": [2855, 2870]}, {"key": "foreign-jurisdiction", "type": "clause", "offset": [2904, 2924]}, {"key": "lender-may", "type": "definition", "offset": [2959, 2969]}, {"key": "the-purchaser", "type": "definition", "offset": [2973, 2986]}, {"key": "lender-or-lenders", "type": "definition", "offset": [3127, 3144]}, {"key": "individual-capacities", "type": "clause", "offset": [3172, 3193]}, {"key": "unless-the-required-lenders", "type": "clause", "offset": [3194, 3221]}, {"key": "in-writing", "type": "definition", "offset": [3244, 3254]}, {"key": "direction-of-the-required-lenders", "type": "definition", "offset": [3302, 3335]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [3337, 3355]}, {"key": "purchase-price-for", "type": "clause", "offset": [3404, 3422]}, {"key": "a-credit", "type": "definition", "offset": [3526, 3534]}], "size": 203, "hash": "29dc72ac592e68c6827b47aad714e4f3", "id": 4}, {"snippet": "(a) The Collateral Agent is authorized and empowered to appoint one or more co-Collateral Agents as it deems necessary or appropriate.\n(b) Subject to Section 7.01, neither the Trustee nor the Collateral Agent nor any of their respective officers, directors, employees, attorneys or agents will be responsible or liable for the existence, genuineness, value or protection of any Collateral, for the legality, enforceability, effectiveness or sufficiency of the Security Documents, for the creation, perfection, priority, sufficiency or protection of any First Priority Lien, or for any defect or deficiency as to any such matters, or for any failure to demand, collect, foreclose or realize upon or otherwise enforce any of the First Priority Liens or Security Documents or any delay in doing so.\n(c) Subject to the Security Documents and the Intercreditor Agreements, the Collateral Agent will be subject to such directions as may be given it by the Trustee from time to time (as required or permitted by this Indenture). Subject to the Security Documents and the Intercreditor Agreements, except as directed by the Trustee as required or permitted by this Indenture and any other representatives, the Collateral Agent will not be obligated:\n(i) to act upon directions purported to be delivered to it by any other Person;\n(ii) to foreclose upon or otherwise enforce any First Priority Lien; or\n(iii) to take any other action whatsoever with regard to any or all of the First Priority Liens, Security Documents or Collateral.\n(d) The Collateral Agent will be accountable only for amounts that it actually receives as a result of the enforcement of the First Priority Liens or Security Documents.\n(e) In acting as Collateral Agent or co-Collateral Agent, the Collateral Agent and each co-Collateral Agent may conclusively rely upon and enforce each and all of the rights, powers, immunities, indemnities and benefits of the Trustee under Article 7 hereof.\n(f) [Reserved].\n(g) If the Issuer (i) Incurs additional First Priority Lien Obligations or second priority lien obligations, in each case, permitted to be so Incurred and secured pursuant to the terms of this Indenture at any time when no applicable intercreditor agreement is in effect or at any time when Indebtedness constituting First Priority Lien Obligations or second priority lien obligations subject to an existing Intercreditor Agreement is concurrently retired, and (ii) delivers to the Collateral Agent an Officers\u2019 Certificate so stating and requesting the Collateral Agent to enter into an intercreditor agreement (on substantially the same terms as an Intercreditor Agreement in effect on the Issue Date) with a designated agent or representative for the holders of the First Priority Lien Obligations or second priority lien obligations so Incurred, the Trustee and the Collateral Agent shall (and is hereby authorized and directed to) enter into such intercreditor agreement, bind the Holders on the terms set forth therein and perform and observe its obligations thereunder.", "samples": [{"hash": "6qQPkM6W2Vk", "uri": "/contracts/6qQPkM6W2Vk#collateral-agent", "label": "Indenture (Berry Global Group, Inc.)", "score": 35.4038314819, "published": true}, {"hash": "9gHJUI9dfEW", "uri": "/contracts/9gHJUI9dfEW#collateral-agent", "label": "Indenture (Berry Global Group, Inc.)", "score": 35.0424385071, "published": true}, {"hash": "jf2A6QfAwWY", "uri": "/contracts/jf2A6QfAwWY#collateral-agent", "label": "Indenture (Berry Global Group, Inc.)", "score": 34.2402458191, "published": true}], "snippet_links": [{"key": "collateral-agents", "type": "definition", "offset": [79, 96]}, {"key": "subject-to-section", "type": "clause", "offset": [139, 157]}, {"key": "be-responsible", "type": "clause", "offset": [294, 308]}, {"key": "protection-of", "type": "clause", "offset": [360, 373]}, {"key": "the-security-documents", "type": "clause", "offset": [456, 478]}, {"key": "failure-to-demand", "type": "clause", "offset": [641, 658]}, {"key": "first-priority-liens", "type": "clause", "offset": [727, 747]}, {"key": "subject-to-the", "type": "clause", "offset": [800, 814]}, {"key": "intercreditor-agreements", "type": "definition", "offset": [842, 866]}, {"key": "by-the-trustee", "type": "clause", "offset": [943, 957]}, {"key": "from-time-to-time", "type": "clause", "offset": [958, 975]}, {"key": "as-required", "type": "clause", "offset": [977, 988]}, {"key": "as-directed", "type": "definition", "offset": [1097, 1108]}, {"key": "other-representatives", "type": "definition", "offset": [1175, 1196]}, {"key": "to-act", "type": "definition", "offset": [1246, 1252]}, {"key": "any-other-person", "type": "definition", "offset": [1304, 1320]}, {"key": "other-action", "type": "clause", "offset": [1412, 1424]}, {"key": "with-regard-to", "type": "clause", "offset": [1436, 1450]}, {"key": "enforcement-of", "type": "clause", "offset": [1632, 1646]}, {"key": "the-rights", "type": "clause", "offset": [1858, 1868]}, {"key": "benefits-of", "type": "clause", "offset": [1906, 1917]}, {"key": "article-7", "type": "definition", "offset": [1936, 1945]}, {"key": "the-issuer", "type": "clause", "offset": [1977, 1987]}, {"key": "additional-first-priority-lien-obligations", "type": "definition", "offset": [1999, 2041]}, {"key": "second-priority-lien-obligations", "type": "definition", "offset": [2045, 2077]}, {"key": "each-case", "type": "definition", "offset": [2082, 2091]}, {"key": "terms-of", "type": "clause", "offset": [2149, 2157]}, {"key": "at-any-time", "type": "clause", "offset": [2173, 2184]}, {"key": "applicable-intercreditor-agreement", "type": "definition", "offset": [2193, 2227]}, {"key": "existing-intercreditor-agreement", "type": "clause", "offset": [2369, 2401]}, {"key": "an-officers", "type": "clause", "offset": [2469, 2480]}, {"key": "to-enter", "type": "definition", "offset": [2541, 2549]}, {"key": "same-terms", "type": "clause", "offset": [2604, 2614]}, {"key": "effect-on-the", "type": "clause", "offset": [2648, 2661]}, {"key": "issue-date", "type": "definition", "offset": [2662, 2672]}, {"key": "designated-agent", "type": "definition", "offset": [2681, 2697]}, {"key": "holders-of", "type": "clause", "offset": [2724, 2734]}, {"key": "agent-shall", "type": "definition", "offset": [2851, 2862]}, {"key": "directed-to", "type": "definition", "offset": [2893, 2904]}], "size": 91, "hash": "870bcb0607df6c18699f4e02de9cb543", "id": 7}, {"snippet": "(i) Collateral Agent may resign at any time by giving thirty (30) days\u2019 prior written notice thereof to Lenders and Company. Upon any such notice of resignation, the Requisite Lenders shall have the right, upon five (5) Business Days\u2019 notice to Company, to appoint a successor Collateral Agent provided, that the appointment of a successor Collateral Agent shall require (so long as no Default or Event of Default has occurred and is continuing) Company\u2019s approval, which approval shall not be unreasonably withheld, delayed or conditioned. If, however, a successor Collateral Agent is not appointed within sixty (60) days after the giving of notice of resignation, the Collateral Agent may petition a court of competent jurisdiction for the appointment of a successor Collateral Agent. Upon the acceptance of any appointment as Collateral Agent hereunder by a successor Collateral Agent, that successor Collateral Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Collateral Agent and the retiring Collateral Agent shall promptly (i) transfer to such successor Collateral Agent all sums, Securities and other items of Collateral held under the Collateral Documents, together with all records and other documents necessary or appropriate in connection with the performance of the duties of the successor Collateral Agent under the Credit Documents, and (ii) execute and deliver to such successor Collateral Agent such amendments to financing statements, and take such other actions, as may be necessary or appropriate in connection with the appointment of such successor Collateral Agent and the assignment to such successor Collateral Agent of the security interests created under the Collateral Documents, whereupon such retiring Collateral Agent shall be discharged from its duties and obligations hereunder. After any retiring Collateral Agent\u2019s resignation hereunder as Collateral Agent, the provisions of this Section 8 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Collateral Agent hereunder.\n(ii) Notwithstanding anything herein to the contrary, Collateral Agent may assign its rights and duties as Collateral Agent hereunder to one of its Affiliates without the prior written consent of, or prior written notice to, Company or the Lenders; provided that Company and the Lenders may deem and treat such assigning Collateral Agent as Collateral Agent for all purposes hereof, unless and until such assigning Collateral Agent provides written notice to Company and the Lenders of such assignment. Upon such assignment such Affiliate shall succeed to and become vested with all rights, powers, privileges and duties as Collateral Agent hereunder and under the other Credit Documents.", "samples": [{"hash": "imTgPZyPpIj", "uri": "/contracts/imTgPZyPpIj#collateral-agent", "label": "Credit Agreement (Enova International, Inc.)", "score": 33.5722122192, "published": true}, {"hash": "cVUMBNYfNlU", "uri": "/contracts/cVUMBNYfNlU#collateral-agent", "label": "Fourth Amended and Restated Credit Agreement (Enova International, Inc.)", "score": 32.1540031433, "published": true}, {"hash": "jommcEvqPPH", "uri": "/contracts/jommcEvqPPH#collateral-agent", "label": "Credit Agreement (On Deck Capital, Inc.)", "score": 30.8480491638, "published": true}], "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [32, 43]}, {"key": "notice-thereof", "type": "clause", "offset": [86, 100]}, {"key": "to-lenders", "type": "definition", "offset": [101, 111]}, {"key": "and-company", "type": "clause", "offset": [112, 123]}, {"key": "notice-of-resignation", "type": "definition", "offset": [139, 160]}, {"key": "requisite-lenders", "type": "clause", "offset": [166, 183]}, {"key": "business-days", "type": "definition", "offset": [220, 233]}, {"key": "successor-collateral-agent", "type": "definition", "offset": [267, 293]}, {"key": "appointment-of-a-successor", "type": "clause", "offset": [313, 339]}, {"key": "agent-shall", "type": "definition", "offset": [351, 362]}, {"key": "no-default-or-event-of-default", "type": "clause", "offset": [383, 413]}, {"key": "days-after", "type": "definition", "offset": [618, 628]}, {"key": "giving-of-notice", "type": "clause", "offset": [633, 649]}, {"key": "the-collateral-agent", "type": "clause", "offset": [666, 686]}, {"key": "court-of-competent-jurisdiction", "type": "clause", "offset": [702, 733]}, {"key": "for-the-appointment-of", "type": "clause", "offset": [734, 756]}, {"key": "acceptance-of", "type": "clause", "offset": [796, 809]}, {"key": "agent-hereunder", "type": "clause", "offset": [840, 855]}, {"key": "the-rights", "type": "clause", "offset": [975, 985]}, {"key": "duties-of-the", "type": "definition", "offset": [1010, 1023]}, {"key": "collateral-agent-and-the", "type": "clause", "offset": [1033, 1057]}, {"key": "transfer-to", "type": "definition", "offset": [1103, 1114]}, {"key": "other-items", "type": "definition", "offset": [1172, 1183]}, {"key": "the-collateral-documents", "type": "clause", "offset": [1209, 1233]}, {"key": "all-records", "type": "clause", "offset": [1249, 1260]}, {"key": "and-other-documents", "type": "clause", "offset": [1261, 1280]}, {"key": "in-connection-with", "type": "clause", "offset": [1306, 1324]}, {"key": "the-performance", "type": "clause", "offset": [1325, 1340]}, {"key": "the-credit-documents", "type": "clause", "offset": [1395, 1415]}, {"key": "deliver-to", "type": "definition", "offset": [1438, 1448]}, {"key": "amendments-to-financing-statements", "type": "clause", "offset": [1486, 1520]}, {"key": "other-actions", "type": "definition", "offset": [1536, 1549]}, {"key": "assignment-to", "type": "clause", "offset": [1664, 1677]}, {"key": "the-security-interests", "type": "definition", "offset": [1713, 1735]}, {"key": "duties-and-obligations", "type": "clause", "offset": [1846, 1868]}, {"key": "section-8", "type": "definition", "offset": [1984, 1993]}, {"key": "actions-taken", "type": "clause", "offset": [2031, 2044]}, {"key": "agent-may-assign", "type": "clause", "offset": [2180, 2196]}, {"key": "duties-as-collateral-agent", "type": "clause", "offset": [2212, 2238]}, {"key": "consent-of", "type": "clause", "offset": [2300, 2310]}, {"key": "the-lenders", "type": "clause", "offset": [2351, 2362]}, {"key": "provided-that", "type": "definition", "offset": [2364, 2377]}, {"key": "collateral-agent-as-collateral-agent", "type": "clause", "offset": [2436, 2472]}, {"key": "all-purposes", "type": "definition", "offset": [2477, 2489]}, {"key": "written-notice-to-company", "type": "clause", "offset": [2556, 2581]}, {"key": "affiliate-shall", "type": "definition", "offset": [2644, 2659]}, {"key": "all-rights", "type": "clause", "offset": [2694, 2704]}, {"key": "other-credit-documents", "type": "clause", "offset": [2780, 2802]}], "size": 160, "hash": "5d019c96d85f2b16c3f198ac5728884c", "id": 5}, {"snippet": "(a) The Issuer hereby appoints Bank of America, N.A. to act on behalf of the Secured Parties as the Collateral Agent under this Indenture and each of the Security Documents and Intercreditor Agreements and to exercise such powers and perform such duties as are expressly delegated to the Collateral Agent by the terms of this Indenture and the Security Documents, and Bank of America, N.A. agrees to act as such. The provisions of this Section 13.03 are solely for the benefit of the Collateral Agent and neither the Trustee nor any of the Holders shall have any rights as a third party beneficiary of any of the provisions contained herein. Each Holder agrees that any action taken by the Collateral Agent in accordance with the provisions of this Indenture, the Intercreditor Agreement and the Security Documents, and the exercise by the Collateral Agent of any rights or remedies set forth herein and therein shall be authorized and binding upon all Holders. Notwithstanding any provision to the contrary contained elsewhere in this Indenture or the Security Documents, the Collateral Agent shall not have any duties or responsibilities except those expressly set forth in this Indenture, the Security Documents to which it is party and in the Intercreditor Agreements. The Collateral Agent shall not be liable for any action taken or not taken by it in the absence of its own gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final, non-appealable order). The Collateral Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper person. The Collateral Agent may also rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper person, and shall not incur any liability for relying thereon. The Collateral Agent may consult with legal counsel (who may be counsel for the Trustee), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.\n(b) Subject to the provisions of the Intercreditor Agreements and the Collateral Documents, the Trustee and the Collateral Agent are authorized and empowered to receive for the benefit of the Holders any funds collected or distributed under the Collateral Documents and Intercreditor Agreements to which the Collateral Agent or Trustee is a party and to make further distributions of such funds to Holders according to the provisions of this Indenture.\n(c) Each Holder and other Secured Party hereby agrees that (A) it will be bound by and will take no actions contrary to the provisions of any such intercreditor agreement or other agreements or documents, (B) agrees that the Liens on the Collateral securing the Obligations shall be subject in all respects to the provisions thereof and (C) agrees that the Trustee and the Collateral Agent are authorized to take or refrain from taking any actions in accordance with the terms of an Intercreditor Agreement. Without limiting the generality of the foregoing and subject to the Security Documents, the Collateral Agent:\n(i) shall not be subject to any fiduciary or other implied duties, regardless of whether an Event of Default has occurred and is continuing;\n(ii) shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated by the Security Documents or Intercreditor Agreement that the Collateral Agent is required to exercise;\n(iii) shall not, except as expressly set forth in the Security Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Issuer or any of its Affiliates that is communicated to or obtained by the person serving as the Collateral Agent or any of its Affiliates in any capacity;\n(iv) shall not be liable for any action taken or not taken by it (A) with the consent or at the request of the Trustee, (B) in the absence of its own gross negligence or willful misconduct (it being understood that any determination that the Collateral Agent\u2019s actions constituted gross negligence or willful misconduct must be determined by a court of competent jurisdiction in a final, non-appealable order) or (C) in reliance on a certificate of an authorized officer of the Issuer stating that such action is permitted by the terms of the Intercreditor Agreement or any other Security Document. The Collateral Agent shall be deemed not to have actual knowledge of any Event of Default unless and until written notice describing such Event of Default is given by the Trustee or the Issuer and received by a Responsible Officer of the Collateral Agent;\n(v) shall not be responsible for or have any duty to ascertain or inquire into (A) any statement, warranty or representation made in or in connection with any Security Document, (B) the contents of any certificate, report or other document delivered thereunder or in connection therewith, (C) the performance or observance of any of the covenants, agreements or other terms or conditions set forth therein or the occurrence of any Event of Default, (D) the validity, enforceability, effectiveness or genuineness of any Security Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Security Documents, (E) the value or the sufficiency of any Collateral, or (F) the satisfaction of any condition set forth in any Security Document, other than to confirm receipt of items expressly required to be delivered to the Collateral Agent; and\n(vi) shall not be responsible or liable for creating, preserving, perfecting or validating the security interest granted to the Trustee and the Collateral Agent pursuant to the Security Documents or any lien and/or any filing, or recording or otherwise creaing, perfecting, continuing or maintaining any lien or the perfection thereof. By accepting the Notes, each Holder will be deemed to have irrevocably agreed to the foregoing provisions of the prior paragraph and shall be bound by those agreements to the fullest extent permitted by law.\n(d) Subject to the provisions of the applicable Security Document, each Holder, by its acceptance of the Notes, agrees that the Collateral Agent shall execute and deliver the Security Documents to which it is a party and all agreements, power of attorney, documents and instruments incidental thereto, and act in accordance with the terms thereof. The Collateral Agent shall hold (directly or through any agent) and is directed by each Holder to so hold, and shall be entitled to enforce on behalf of the Holders on the Collateral for their benefit, subject to the provisions of the Intercreditor Agreement. Holders may not, individually or collectively, take any direct action to enforce any rights in their favor under the Security Documents. The Holders may only act by written instruction to the Trustee, subject to the terms hereof, which shall instruct the Collateral Agent.\n(e) If at any time or times the Trustee shall receive 1. by payment, foreclosure, set-off or otherwise, any proceeds of Collateral or any payments with respect to the Note Obligations arising under, or relating to, this Indenture, except for any such proceeds or payments received by the Trustee from the Collateral Agent pursuant to the terms of this Indenture, or 2. payments from the Collateral Agent in excess of the amount required to be paid to the Trustee pursuant to Article 5, the Trustee shall promptly turn the same over to the Collateral Agent, in kind, and with such endorsements as may be required to negotiate the same to the Collateral Agent such proceeds to be applied by the Collateral Agent pursuant to the terms of this Indenture and the Intercreditor Agreement.\n(f) The Collateral Agent shall have no obligation whatsoever to the Trustee or any of the Holders to assure that the Collateral exists or is owned by any Issuer or Guarantor or is cared for, protected, or insured or has been encumbered, or that the Collateral Agent\u2019s Liens have been properly or sufficiently or lawfully created, perfected, protected, maintained or enforced or are entitled to any particular priority, or to determine whether all of the Issuer\u2019s or any Guarantor\u2019s property constituting Collateral has been properly and completely listed or delivered, as the case may be, or the genuineness, validity, marketability or sufficiency thereof or title thereto, or to exercise at all or in any particular manner or under any duty of care, disclosure, or fidelity, or to continue exercising, any of the rights, authorities, and powers granted or available to the Collateral Agent pursuant to this Indenture or any Security Documents, it being understood and agreed that in respect of the Collateral, or any act, omission, or event related thereto, the Collateral Agent shall have no other duty or liability whatsoever to the Trustee or any Holder as to any of the foregoing.\n(g) Notwithstanding anything to the contrary in this Indenture or any Security Document, neither the Collateral Agent nor the Trustee shall be responsible for, and neither makes any representation regarding, the validity, effectiveness or priority of any of the Security Documents or the security interests or Liens intended to be created thereby.\n(h) The benefits, protections and indemnities of the Trustee hereunder, as applicable of this Indenture shall apply mutatis mutandis to the Collateral Agent in its capacity as such, including, without limitation, the rights to reimbursement and indemnification.\n(i) The Collateral Agent is authorized and empowered to appoint one or more co-Collateral Agents as it deems necessary or appropriate.\n(j) Subject to the Intercreditor Agreements, the Trustee is authorized and empowered to institute and maintain, or direct the Collateral Agent to institute and maintain, such suits and proceedings as it may deem expedient to protect or enforce the Liens securing the First Lien Obligations or the Collateral Documents to which the Collateral Agent or Trustee is a party or to prevent any impairment of Collateral by any acts that may be unlawful or in violation of the Collateral Documents or the Intercreditor Agreements to which the Collateral Agent or Trustee is a party or this Indenture, and such suits and proceedings as the Trustee or the Collateral Agent may deem expedient to preserve or protect its interests and the interests of the Holders in the Collateral, including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest hereunder or be prejudicial to the interests of Holders, the Trustee or the Collateral Agent.", "samples": [{"hash": "3f7e3pFnjmh", "uri": "/contracts/3f7e3pFnjmh#collateral-agent", "label": "Indenture (Qwest Corp)", "score": 35.2368240356, "published": true}, {"hash": "2CqF1rgIEuR", "uri": "/contracts/2CqF1rgIEuR#collateral-agent", "label": "Indenture (Qwest Corp)", "score": 35.2368240356, "published": true}], "snippet_links": [{"key": "bank-of-america", "type": "clause", "offset": [31, 46]}, {"key": "to-act", "type": "definition", "offset": [53, 59]}, {"key": "on-behalf-of", "type": "definition", "offset": [60, 72]}, {"key": "the-secured-parties", "type": "clause", "offset": [73, 92]}, {"key": "security-documents-and-intercreditor-agreements", "type": "clause", "offset": [154, 201]}, {"key": "to-exercise", "type": "clause", "offset": [206, 217]}, {"key": "agrees-to", "type": "clause", "offset": [390, 399]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [417, 443]}, {"key": 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"type": "clause", "offset": [10822, 10842]}, {"key": "enforcement-of", "type": "clause", "offset": [10859, 10873]}, {"key": "compliance-with", "type": "clause", "offset": [10877, 10892]}], "size": 150, "hash": "e30f6d0d77f6719c43965d449b3cbf23", "id": 6}, {"snippet": "(a) The Collateral Agent shall be entitled to the following protections:\n(i) The Collateral Agent shall have no duty (A) to see to any recording, filing, or depositing of this Agreement or any agreement referred to herein or any financing statement or continuation statement evidencing a security interest, or to see to the maintenance of any such recording or filing or depositing or to any rerecording, re-filing or re-depositing of any thereof, (B) to see to any insurance, or (C) to see to the payment or discharge of any tax, assessment, or other governmental charge or any lien or encumbrance of any kind owing with respect to, assessed or levied against, any part of the Collateral;\n(ii) The Collateral Agent shall be authorized to, but shall not be responsible for, filing any financing or continuation statements or recording any documents or instruments in any public office at any time or times or otherwise perfecting any security interest in the Collateral. It is expressly agreed, to the maximum extent permitted by applicable law, that the Collateral Agent shall have no responsibility for (A) monitoring the perfection, continuation of perfection or the sufficiency or validity of any security interest in or related to the Collateral, (B) taking any necessary steps to preserve rights against any Person with respect to any Collateral, or (C) taking any action to protect against any diminution in value of the Collateral;\n(iii) The Collateral Agent shall be fully justified in failing or refusing to take any action under this Agreement and any other Credit Document (A) if such action would, in the reasonable opinion of the Collateral Agent, in good faith (which may be based on the advice or opinion of counsel), be contrary to applicable law, this Agreement or any other Credit Document, (B) if such action is not provided for in this Agreement or any other Credit Document, (C) if, in connection with the taking of any such action hereunder, under any other Credit Document that would constitute an exercise of remedies, it shall not first be indemnified to its satisfaction by the Lenders against any and all risk of nonpayment, liability and expense that may be incurred by it, its agents or its counsel by reason of taking or continuing to take any such action, or (D) if the Collateral Agent would be required to make payments on behalf of the Lenders pursuant to its obligations as Collateral Agent hereunder, it does not first receive from the Lenders sufficient funds for such payment;\n(iv) The Collateral Agent shall not be required to take any action under this or any other Credit Document if taking such action (A) would subject the Collateral Agent to a tax in any jurisdiction where it is not then subject to a tax, or (B) would require the Collateral Agent to qualify to do business in any jurisdiction where it is not then so qualified;\n(v) Neither the Collateral Agent nor its respective officers, directors, employees or agents shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of the Administrative Agent or the Lenders, or to take any other action whatsoever with regard to the Collateral or any part thereof. The powers conferred on the Collateral Agent hereunder are solely to protect the Collateral Agent\u2019s and the Lenders\u2019 interests in the Collateral and shall not impose any duty upon the Collateral Agent to exercise any such powers. The Collateral Agent shall be accountable only for amounts that it actually receives as a result of the exercise of such powers, and neither it nor any of its officers, directors, employees or agents shall be responsible to the Administrative Agent or the Lenders for any act or failure to act hereunder, except for its own fraud, gross negligence or willful misconduct.", "samples": [{"hash": "43Hm2pTxRLT", "uri": "/contracts/43Hm2pTxRLT#collateral-agent", "label": "Omnibus Amendment \u2013 Amendment No. 3 to Credit Agreement and Amendment No. 1 to Backup Servicing Agreement (Enova International, Inc.)", "score": 37.8049281314, "published": true}, {"hash": "cWEAjvoCNqJ", "uri": "/contracts/cWEAjvoCNqJ#collateral-agent", "label": "Credit Agreement (Enova International, Inc.)", "score": 37.5557823181, "published": true}, {"hash": "55KvKQvje7", "uri": "/contracts/55KvKQvje7#collateral-agent", "label": "Credit Agreement (Enova International, Inc.)", "score": 37.306640625, "published": 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"Collateral Agent", "parents": [["appointment-and-authority", "Appointment and Authority"], ["miscellaneous", "Miscellaneous"], ["covenants", "Covenants"], ["collateral-and-security", "Collateral and Security"], ["collateral", "Collateral"]], "size": 3562, "children": [["appointment", "Appointment"], ["reliance-by-collateral-agent", "Reliance by Collateral Agent"], ["delegation-of-duties", "Delegation of Duties"], ["successor-collateral-agent", "Successor Collateral Agent"], ["exculpatory-provisions", "Exculpatory Provisions"]], "id": "collateral-agent", "related": [["collateral-trustee", "Collateral Trustee", "Collateral Trustee"], ["successor-administrative-agent-and-collateral-agent", "Successor Administrative Agent and Collateral Agent", "Successor Administrative Agent and <strong>Collateral Agent</strong>"], ["secured-party", "Secured Party", "Secured Party"], ["security-agent", "Security Agent", "Security Agent"], ["secured-parties", "Secured Parties", "Secured Parties"]], "related_snippets": [], "updated": "2026-10-24T04:27:19+00:00", "also_ask": [], "drafting_tip": "Specify the agent\u2019s powers and duties to prevent disputes; identify the beneficiaries to clarify representation; require written instructions for major actions to ensure accountability.", "explanation": "The Collateral Agent clause designates a specific party, often a financial institution or trustee, to act on behalf of multiple lenders or creditors in managing and enforcing security interests granted as collateral. In practice, the collateral agent holds the collateral, administers the security documents, and coordinates actions such as releasing or foreclosing on collateral if the borrower defaults. This arrangement streamlines the process for all parties by centralizing authority and responsibility, ensuring efficient enforcement of rights and reducing administrative complexity in multi-lender transactions."}, "json": true, "cursor": ""}}