Secured Agents Clause Samples

The 'Secured Agents' clause defines which parties, typically lenders or creditors, are recognized as having a security interest in the collateral under an agreement. In practice, this clause lists or references the specific agents or representatives who act on behalf of all secured parties, such as a security trustee in a syndicated loan. By clearly identifying the secured agents, the clause ensures that the rights and obligations related to the collateral are properly managed and enforced, preventing disputes over authority and streamlining the administration of security interests.