Common use of Information as to Secured Parties Clause in Contracts

Information as to Secured Parties. At any time after the Collateral Agent has received a Notice of Acceleration Default from the Applicable Representative or a Notice of Actionable Default from Majority Creditors, and for as long as such Notice of Acceleration Default or Notice of Actionable Default, as applicable, shall not have been withdrawn, within five Business Days following the receipt of a request of the Collateral Agent: (i) the Senior Indenture Trustee shall deliver to the Collateral Agent, a schedule setting forth the aggregate principal amount of Senior Note Obligations, the aggregate amount accrued and unpaid interest, fees and other amounts constituting Senior Note Obligations and such other information as the Collateral Agent may request to make distributions pursuant to Section 5.5, (ii) the Junior Indenture Trustee shall deliver to the Collateral Agent, a schedule setting forth the aggregate principal amount of Junior Note Obligations, the aggregate amount accrued and unpaid interest, fees and other amounts constituting Junior Note Obligations and such other information as the Collateral Agent may request to make distributions pursuant to Section 5.5, and (iii) the Administrative Agent shall deliver to the Collateral Agent, a schedule setting forth the aggregate principal amount of Credit Agreement Obligations, the interest rate or rates and the letter of credit fee or fees then in effect with respect to such Credit Agreement Obligations, the aggregate amount accrued and unpaid interest, fees and other amounts constituting Credit Agreement Obligations and such other information as the Collateral Agent may request to make distributions pursuant to Section 5.5. Upon receipt of the requested information, the Collateral Agent shall compile such information and prepare a master schedule which the Collateral Agent shall promptly send to the Representatives.

Appears in 4 contracts

Samples: Collateral Agent Agreement (Arch Wireless Inc), Collateral Agent Agreement (Arch Wireless Inc), Collateral Agent Agreement (Arch Wireless Inc)

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