{"component": "clause", "props": {"groups": [{"size": 121, "samples": [{"hash": "ie2ACc5MYFs", "uri": "/contracts/ie2ACc5MYFs#separate-collateral-agent", "label": "Credit Agreement (Covenant Logistics Group, Inc.)", "score": 33.5913772583, "published": true}, {"hash": "kTf5P9XRyYx", "uri": "/contracts/kTf5P9XRyYx#separate-collateral-agent", "label": "Loan and Security Agreement (Bon Ton Stores Inc)", "score": 28.3292274475, "published": true}, {"hash": "u2421cOOuI", "uri": "/contracts/u2421cOOuI#separate-collateral-agent", "label": "Loan and Security Agreement (Bon Ton Stores Inc)", "score": 27.6201229095, "published": true}], "snippet": "It is the intent of the parties that there shall be no violation of any Applicable Law denying or restricting the right of financial institutions to transact business in any jurisdiction. If Agent believes that it may be limited in the exercise of any rights or remedies under the Loan Documents due to any Applicable Law, Agent may appoint an additional Person who is not so limited, as a separate collateral agent or co-collateral agent. If Agent so appoints a collateral agent or co-collateral agent, each right and remedy intended to be available to Agent under the Loan Documents shall also be vested in such separate agent. Every covenant and obligation necessary to the exercise thereof by such agent shall run to and be enforceable by it as well as Agent. Lenders shall execute and deliver such documents as Agent deems appropriate to vest any rights or remedies in such agent. If any collateral agent or co-collateral agent shall die or dissolve, become incapable of acting, resign or be removed, then all the rights and remedies of such agent, to the extent permitted by Applicable Law, shall vest in and be exercised by Agent until appointment of a new agent.", "snippet_links": [{"key": "intent-of-the-parties", "type": "clause", "offset": [10, 31]}, {"key": "no-violation", "type": "clause", "offset": [52, 64]}, {"key": "applicable-law", "type": "clause", "offset": [72, 86]}, {"key": "right-of", "type": "clause", "offset": [114, 122]}, {"key": "financial-institutions", "type": "definition", "offset": [123, 145]}, {"key": "transact-business", "type": "definition", "offset": [149, 166]}, {"key": "any-jurisdiction", "type": "definition", "offset": [170, 186]}, {"key": "exercise-of", "type": "clause", "offset": [236, 247]}, {"key": "rights-or-remedies", "type": "clause", "offset": [252, 270]}, {"key": "the-loan-documents", "type": "clause", "offset": [277, 295]}, {"key": "an-additional", "type": "clause", "offset": [341, 354]}, {"key": "a-separate", "type": "definition", "offset": [388, 398]}, {"key": "a-collateral", "type": "clause", "offset": [461, 473]}, {"key": "available-to", "type": "definition", "offset": [541, 553]}, {"key": "separate-agent", "type": "clause", "offset": [614, 628]}, {"key": "agent-shall", "type": "definition", "offset": [702, 713]}, {"key": "execute-and-deliver", "type": "clause", "offset": [778, 797]}, {"key": "rights-and-remedies", "type": "clause", "offset": [1019, 1038]}, {"key": "to-the-extent", "type": "clause", "offset": [1054, 1067]}, {"key": "by-agent", "type": "clause", "offset": [1128, 1136]}, {"key": "appointment-of-a", "type": "clause", "offset": [1143, 1159]}, {"key": "new-agent", "type": "definition", "offset": [1160, 1169]}], "hash": "b05fdaf6702bce29a3d61916db425579", "id": 1}, {"size": 28, "samples": [{"hash": "iKcpzP7gwJt", "uri": "/contracts/iKcpzP7gwJt#separate-collateral-agent", "label": "Term Loan Agreement (Apparel Holding Corp.)", "score": 24.8302536011, "published": true}, {"hash": "kD4VzFfgMpb", "uri": "/contracts/kD4VzFfgMpb#separate-collateral-agent", "label": "Term Loan Agreement (Apparel Holding Corp.)", "score": 24.7727584839, "published": true}, {"hash": "bM47s6mOJhj", "uri": "/contracts/bM47s6mOJhj#separate-collateral-agent", "label": "Term Loan Agreement (Apparel Holding Corp.)", "score": 24.7727584839, "published": true}], "snippet": "It is the intent of the parties that there shall be no violation of any Applicable Law denying or restricting the right of financial institutions to transact business in any jurisdiction. If Collateral Agent believes that it may be limited in the exercise of any rights or remedies under the Loan Documents due to any Applicable Law, Collateral Agent may appoint an additional Person who is not so limited, as a separate collateral agent or co-collateral agent. If Collateral Agent so appoints a collateral agent or co-collateral agent, each right and remedy intended to be available to Collateral Agent under the Loan Documents shall also be vested in such separate agent. Every covenant and obligation necessary to the exercise thereof by such agent shall run to and be enforceable by it as well as Collateral Agent. Lenders shall execute and deliver such documents as Collateral Agent deems appropriate to vest any rights or remedies in such agent. If any collateral agent or co-collateral agent shall die or dissolve, become incapable of acting, resign or be removed, then all the rights and remedies of such agent, to the extent permitted by Applicable Law, shall vest in and be exercised by Collateral Agent until appointment of a new agent.", "snippet_links": [{"key": "intent-of-the-parties", "type": "clause", "offset": [10, 31]}, {"key": "no-violation", "type": "clause", "offset": [52, 64]}, {"key": "applicable-law", "type": "clause", "offset": [72, 86]}, {"key": "right-of", "type": "clause", "offset": [114, 122]}, {"key": "financial-institutions", "type": "definition", "offset": [123, 145]}, {"key": "transact-business", "type": "definition", "offset": [149, 166]}, {"key": "any-jurisdiction", "type": "definition", "offset": [170, 186]}, {"key": "exercise-of", "type": "clause", "offset": [247, 258]}, {"key": "rights-or-remedies", "type": "clause", "offset": [263, 281]}, {"key": "the-loan-documents", "type": "clause", "offset": [288, 306]}, {"key": "an-additional", "type": "clause", "offset": [363, 376]}, {"key": "a-separate", "type": "definition", "offset": [410, 420]}, {"key": "a-collateral", "type": "clause", "offset": [494, 506]}, {"key": "available-to", "type": "definition", "offset": [574, 586]}, {"key": "separate-agent", "type": "clause", "offset": [658, 672]}, {"key": "agent-shall", "type": "definition", "offset": [746, 757]}, {"key": "execute-and-deliver", "type": "clause", "offset": [833, 852]}, {"key": "rights-and-remedies", "type": "clause", "offset": [1085, 1104]}, {"key": "to-the-extent", "type": "clause", "offset": [1120, 1133]}, {"key": "appointment-of-a", "type": "clause", "offset": [1220, 1236]}, {"key": "new-agent", "type": "definition", "offset": [1237, 1246]}], "hash": "b02cc4c131c9210ea119ede3d45a71a2", "id": 2}, {"size": 10, "samples": [{"hash": "eHm8oecAIk0", "uri": "/contracts/eHm8oecAIk0#separate-collateral-agent", "label": "Loan and Security Agreement (Commercial Vehicle Group, Inc.)", "score": 31.6064338684, "published": true}, {"hash": "43txzfBAVs9", "uri": "/contracts/43txzfBAVs9#separate-collateral-agent", "label": "Loan and Security Agreement (Commercial Vehicle Group, Inc.)", "score": 30.3374404907, "published": true}, {"hash": "8cH09poWvuK", "uri": "/contracts/8cH09poWvuK#separate-collateral-agent", "label": "Loan and Security Agreement (Commercial Vehicle Group, Inc.)", "score": 27.8453121185, "published": true}], "snippet": "It is the intent of the parties that there shall be no violation of any Applicable Law denying or restricting the right of financial institutions to transact business in any jurisdiction. If Agent believes that it may be limited in the exercise of any rights or remedies under the Loan Documents due to any Applicable Law, Agent may appoint an additional Person who is not so limited, as a separate collateral agent or co-collateral agent; provided such collateral agent or co-collateral agent is reasonably acceptable to Borrowers (unless an Event of Default exists). If Agent so appoints a collateral agent or co-collateral agent, each right and remedy intended to be available to Agent under the Loan Documents shall also be vested in such separate agent. Every covenant and obligation necessary to the exercise thereof by such agent shall run to and be enforceable by it as well as Agent. Lenders shall execute and deliver such documents as Agent deems appropriate to vest any rights or remedies in such agent. If any collateral agent or co-collateral agent shall die or dissolve, become incapable of acting, resign or be removed, then all the rights and remedies of such agent, to the extent permitted by Applicable Law, shall vest in and be exercised by Agent until appointment of a new agent.", "snippet_links": [{"key": "intent-of-the-parties", "type": "clause", "offset": [10, 31]}, {"key": "no-violation", "type": "clause", "offset": [52, 64]}, {"key": "applicable-law", "type": "clause", "offset": [72, 86]}, {"key": "right-of", "type": "clause", "offset": [114, 122]}, {"key": "financial-institutions", "type": "definition", "offset": [123, 145]}, {"key": "transact-business", "type": "definition", "offset": [149, 166]}, {"key": "any-jurisdiction", "type": "definition", "offset": [170, 186]}, {"key": "exercise-of", "type": "clause", "offset": [236, 247]}, {"key": "rights-or-remedies", "type": "clause", "offset": [252, 270]}, {"key": "the-loan-documents", "type": "clause", "offset": [277, 295]}, {"key": "an-additional", "type": "clause", "offset": [341, 354]}, {"key": "a-separate", "type": "definition", "offset": [388, 398]}, {"key": "event-of-default-exists", "type": "clause", "offset": [543, 566]}, {"key": "a-collateral", "type": "clause", "offset": [590, 602]}, {"key": "available-to", "type": "definition", "offset": [670, 682]}, {"key": "separate-agent", "type": "clause", "offset": [743, 757]}, {"key": "agent-shall", "type": "definition", "offset": [831, 842]}, {"key": "execute-and-deliver", "type": "clause", "offset": [907, 926]}, {"key": "rights-and-remedies", "type": "clause", "offset": [1148, 1167]}, {"key": "to-the-extent", "type": "clause", "offset": [1183, 1196]}, {"key": "by-agent", "type": "clause", "offset": [1257, 1265]}, {"key": "appointment-of-a", "type": "clause", "offset": [1272, 1288]}, {"key": "new-agent", "type": "definition", "offset": [1289, 1298]}], "hash": "6384dd8ec969dd5ed1ba48967e87362b", "id": 3}, {"size": 7, "samples": [{"hash": "hDLI5yjQxGQ", "uri": "/contracts/hDLI5yjQxGQ#separate-collateral-agent", "label": "Loan, Security and Guarantee Agreement (MRC Global Inc.)", "score": 25.5503082275, "published": true}, {"hash": "bvTaKoOHnnT", "uri": "/contracts/bvTaKoOHnnT#separate-collateral-agent", "label": "Loan, Security and Guarantee Agreement (Edgen Group Inc.)", "score": 23.9897327423, "published": true}, {"hash": "fKbkaxkmmQ0", "uri": "/contracts/fKbkaxkmmQ0#separate-collateral-agent", "label": "Loan, Security and Guarantee Agreement (MRC Global Inc.)", "score": 23.8555774689, "published": true}], "snippet": "It is the intent of the parties that there shall be no violation of any Applicable Law denying or restricting the right of financial institutions to transact business in any jurisdiction. If the Agent believes that it may be limited in the exercise of any rights or remedies under the Credit Documents due to any Applicable Law, the Agent may appoint an additional Person who is not so limited, as a separate security trustee, collateral agent or co-collateral agent. If the Agent so appoints a security trustee, collateral agent or co-collateral agent, each right and remedy intended to be available to the Agent under the Credit Documents shall also be vested in such separate agent. The Secured Parties shall execute and deliver such documents as the Agent deems appropriate to vest any rights or remedies in such agent. If any security trustee, collateral agent or co-collateral agent shall die or dissolve, become incapable of acting, resign or be removed, then all the rights and remedies of such agent, to the extent permitted by Applicable Law, shall vest in and be exercised by the Agent until appointment of a new agent.", "snippet_links": [{"key": "intent-of-the-parties", "type": "clause", "offset": [10, 31]}, {"key": "no-violation", "type": "clause", "offset": [52, 64]}, {"key": "applicable-law", "type": "clause", "offset": [72, 86]}, {"key": "right-of", "type": "clause", "offset": [114, 122]}, {"key": "financial-institutions", "type": "definition", "offset": [123, 145]}, {"key": "transact-business", "type": "definition", "offset": [149, 166]}, {"key": "any-jurisdiction", "type": "definition", "offset": [170, 186]}, {"key": "exercise-of", "type": "clause", "offset": [240, 251]}, {"key": "rights-or-remedies", "type": "clause", "offset": [256, 274]}, {"key": "the-credit-documents", "type": "clause", "offset": [281, 301]}, {"key": "the-agent-may", "type": "clause", "offset": [329, 342]}, {"key": "an-additional", "type": "clause", "offset": [351, 364]}, {"key": "security-trustee", "type": "definition", "offset": [409, 425]}, {"key": "collateral-agent", "type": "clause", "offset": [427, 443]}, {"key": "available-to", "type": "definition", "offset": [591, 603]}, {"key": "separate-agent", "type": "clause", "offset": [670, 684]}, {"key": "the-secured-parties", "type": "clause", "offset": [686, 705]}, {"key": "execute-and-deliver", "type": "clause", "offset": [712, 731]}, {"key": "agent-shall", "type": "definition", "offset": [883, 894]}, {"key": "rights-and-remedies", "type": "clause", "offset": [975, 994]}, {"key": "to-the-extent", "type": "clause", "offset": [1010, 1023]}, {"key": "by-the-agent", "type": "clause", "offset": [1084, 1096]}, {"key": "appointment-of-a", "type": "clause", "offset": [1103, 1119]}, {"key": "new-agent", "type": "definition", "offset": [1120, 1129]}], "hash": "46f18f643bafff5cd6e22da810b2375b", "id": 4}, {"size": 6, "samples": [{"hash": "fHvkzc0Qskf", "uri": "/contracts/fHvkzc0Qskf#separate-collateral-agent", "label": "Credit and Guaranty Agreement (Milacron Holdings Corp.)", "score": 29.5831623077, "published": true}, {"hash": "f8vnBvW0m1q", "uri": "/contracts/f8vnBvW0m1q#separate-collateral-agent", "label": "Amendment No. 2 (Milacron Holdings Corp.)", "score": 28.3347015381, "published": true}, {"hash": "ekNMCGuXeHF", "uri": "/contracts/ekNMCGuXeHF#separate-collateral-agent", "label": "Amendment No. 1 (Milacron Holdings Corp.)", "score": 28.3347015381, "published": true}], "snippet": "It is the intent of the parties that there shall be no violation of any Applicable Law denying or restricting the right of financial institutions to transact business in any jurisdiction. If the Agent believes that it may be limited in the exercise of any rights or remedies under the Loan Documents due to any Applicable Law, the Agent may appoint, subject to the approval of the Lead Borrower (such approval not to be unreasonably withheld or delayed), an additional Person who is not so limited, as a separate collateral agent or co-collateral agent. If the Agent so appoints a collateral agent or co-collateral agent, each right and remedy intended to be available to the Agent under the Loan Documents shall also be vested in such separate agent. The parties acknowledge that the Term Loan Agent may be acting as collateral agent for the Agent and the Lenders with respect to Real Estate, equipment and other Term Priority Collateral and the Agent hereby appoints the Term Loan Agent to act in such capacity. Secured Parties shall execute and deliver such documents as the Agent deems appropriate to vest any rights or remedies in such agent. If any collateral agent or co-collateral agent shall die or dissolve, become incapable of acting, resign or be removed, then all the rights and remedies of such agent, to the extent permitted by Applicable Law, shall vest in and be exercised by the Agent until appointment of a new agent.", "snippet_links": [{"key": "intent-of-the-parties", "type": "clause", "offset": [10, 31]}, {"key": "no-violation", "type": "clause", "offset": [52, 64]}, {"key": "applicable-law", "type": "clause", "offset": [72, 86]}, {"key": "right-of", "type": "clause", "offset": [114, 122]}, {"key": "financial-institutions", "type": "definition", "offset": [123, 145]}, {"key": "transact-business", "type": "definition", "offset": [149, 166]}, {"key": "any-jurisdiction", "type": "definition", "offset": [170, 186]}, {"key": "exercise-of", "type": "clause", "offset": [240, 251]}, {"key": "rights-or-remedies", "type": "clause", "offset": [256, 274]}, {"key": "the-loan-documents", "type": "clause", "offset": [281, 299]}, {"key": "the-agent-may", "type": "clause", "offset": [327, 340]}, {"key": "approval-of", "type": "definition", "offset": [365, 376]}, {"key": "lead-borrower", "type": "clause", "offset": [381, 394]}, {"key": "an-additional", "type": "clause", "offset": [455, 468]}, {"key": "a-separate", "type": "definition", "offset": [502, 512]}, {"key": "a-collateral", "type": "clause", "offset": [579, 591]}, {"key": "available-to", "type": "definition", "offset": [659, 671]}, {"key": "separate-agent", "type": "clause", "offset": [736, 750]}, {"key": "the-parties-acknowledge", "type": "clause", "offset": [752, 775]}, {"key": "term-loan-agent", "type": "clause", "offset": [785, 800]}, {"key": "the-agent-and-the-lenders", "type": "clause", "offset": [839, 864]}, {"key": "with-respect-to", "type": "clause", "offset": [865, 880]}, {"key": "real-estate", "type": "definition", "offset": [881, 892]}, {"key": "term-priority-collateral", "type": "clause", "offset": [914, 938]}, {"key": "agent-to-act", "type": "clause", "offset": [983, 995]}, {"key": "secured-parties", "type": "definition", "offset": [1014, 1029]}, {"key": "execute-and-deliver", "type": "clause", "offset": [1036, 1055]}, {"key": "agent-shall", "type": "definition", "offset": [1189, 1200]}, {"key": "rights-and-remedies", "type": "clause", "offset": [1281, 1300]}, {"key": "to-the-extent", "type": "clause", "offset": [1316, 1329]}, {"key": "by-the-agent", "type": "clause", "offset": [1390, 1402]}, {"key": "appointment-of-a", "type": "clause", "offset": [1409, 1425]}, {"key": "new-agent", "type": "definition", "offset": [1426, 1435]}], "hash": "d8d84e6dda83971994d10399008e6a64", "id": 5}, {"size": 6, "samples": [{"hash": "lO3lQKhoOPy", "uri": "/contracts/lO3lQKhoOPy#separate-collateral-agent", "label": "Senior Secured Convertible Promissory Note Purchase Agreement (Kior Inc)", "score": 24.8028755188, "published": true}, {"hash": "gkIXGLiT68", "uri": "/contracts/gkIXGLiT68#separate-collateral-agent", "label": "Senior Secured Promissory Note and Warrant Purchase Agreement (Kior Inc)", "score": 23.2464065552, "published": true}, {"hash": "1yKxZTKkWvL", "uri": "/contracts/1yKxZTKkWvL#separate-collateral-agent", "label": "Senior Secured Promissory Note and Warrant Purchase Agreement (Kior Inc)", "score": 23.2464065552, "published": true}], "snippet": "If Agent believes that it may be limited in the exercise of any rights or remedies under the Transaction Documents due to any applicable law, Agent may appoint an additional Person who is not so limited, as a separate collateral agent or co-collateral agent. If Agent so appoints a collateral agent or co-collateral agent, each right and remedy intended to be available to Agent under the Transaction Documents shall also be vested in such separate agent. Purchasers shall execute and deliver such documents as Agent deems appropriate to vest any rights or remedies in such agent. If any collateral agent or co-collateral agent shall die or dissolve, become incapable of acting, resign or be removed, then all the rights and remedies of such agent, to the extent permitted by applicable law, shall vest in and be exercised by Agent until appointment of a new agent.", "snippet_links": [{"key": "exercise-of", "type": "clause", "offset": [48, 59]}, {"key": "rights-or-remedies", "type": "clause", "offset": [64, 82]}, {"key": "the-transaction-documents", "type": "clause", "offset": [89, 114]}, {"key": "applicable-law", "type": "clause", "offset": [126, 140]}, {"key": "an-additional", "type": "clause", "offset": [160, 173]}, {"key": "a-separate", "type": "definition", "offset": [207, 217]}, {"key": "a-collateral", "type": "clause", "offset": [280, 292]}, {"key": "available-to", "type": "definition", "offset": [360, 372]}, {"key": "separate-agent", "type": "clause", "offset": [440, 454]}, {"key": "execute-and-deliver", "type": "clause", "offset": [473, 492]}, {"key": "agent-shall", "type": "definition", "offset": [622, 633]}, {"key": "rights-and-remedies", "type": "clause", "offset": [714, 733]}, {"key": "to-the-extent", "type": "clause", "offset": [749, 762]}, {"key": "by-agent", "type": "clause", "offset": [823, 831]}, {"key": "appointment-of-a", "type": "clause", "offset": [838, 854]}, {"key": "new-agent", "type": "definition", "offset": [855, 864]}], "hash": "06a4f09a7eb4344f0ed9c2b682d1f583", "id": 6}, {"size": 3, "samples": [{"hash": "j3SRb67U8bk", "uri": "/contracts/j3SRb67U8bk#separate-collateral-agent", "label": "Credit Agreement (Milacron Holdings Corp.)", "score": 29.1587944031, "published": true}, {"hash": "5blWJyM1Az3", "uri": "/contracts/5blWJyM1Az3#separate-collateral-agent", "label": "Credit Agreement (Milacron Holdings Corp.)", "score": 28.1403141022, "published": true}, {"hash": "gBxN2Zxpw11", "uri": "/contracts/gBxN2Zxpw11#separate-collateral-agent", "label": "Term Loan Agreement (Milacron Holdings Corp.)", "score": 26.4045181274, "published": true}], "snippet": "It is the intent of the parties that there shall be no violation of any Applicable Law denying or restricting the right of financial institutions to transact business in any jurisdiction. If the Administrative Agent believes that it may be limited in the exercise of any rights or remedies under the Loan Documents due to any Applicable Law, the Administrative Agent may appoint, subject to the approval of the Borrower (such approval not to be unreasonably withheld or delayed), an additional Person who is not so limited, as a separate collateral agent or co-collateral agent. If the Administrative Agent so appoints a collateral agent or co-collateral agent, each right and remedy intended to be available to the Administrative Agent under the Loan Documents shall also be vested in such separate agent. The parties acknowledge that the Administrative Agent is acting as collateral agent for the Secured Parties with respect to the Collateral and the Secured Parties hereby appoint the Administrative Agent to act in such capacity. The Secured Parties shall execute and deliver such documents as the Administrative Agent deems appropriate to vest any rights or remedies in such agent.", "snippet_links": [{"key": "intent-of-the-parties", "type": "clause", "offset": [10, 31]}, {"key": "no-violation", "type": "clause", "offset": [52, 64]}, {"key": "applicable-law", "type": "clause", "offset": [72, 86]}, {"key": "right-of", "type": "clause", "offset": [114, 122]}, {"key": "financial-institutions", "type": "definition", "offset": [123, 145]}, {"key": "transact-business", "type": "definition", "offset": [149, 166]}, {"key": "any-jurisdiction", "type": "definition", "offset": [170, 186]}, {"key": "the-administrative-agent", "type": "definition", "offset": [191, 215]}, {"key": "exercise-of", "type": "clause", "offset": [255, 266]}, {"key": "rights-or-remedies", "type": "clause", "offset": [271, 289]}, {"key": "the-loan-documents", "type": "clause", "offset": [296, 314]}, {"key": "of-the-borrower", "type": "clause", "offset": [404, 419]}, {"key": "an-additional", "type": "clause", "offset": [480, 493]}, {"key": "a-separate", "type": "definition", "offset": [527, 537]}, {"key": "a-collateral", "type": "clause", "offset": [619, 631]}, {"key": "available-to", "type": "definition", "offset": [699, 711]}, {"key": "separate-agent", "type": "clause", "offset": [791, 805]}, {"key": "the-parties-acknowledge", "type": "clause", "offset": [807, 830]}, {"key": "the-secured-parties", "type": "clause", "offset": [895, 914]}, {"key": "with-respect-to", "type": "clause", "offset": [915, 930]}, {"key": "the-collateral", "type": "clause", "offset": [931, 945]}, {"key": "administrative-agent-to-act", "type": "clause", "offset": [989, 1016]}, {"key": "execute-and-deliver", "type": "clause", "offset": [1061, 1080]}], "hash": "14c52132348106f97572b78e3cd73f31", "id": 7}, {"size": 2, "samples": [{"hash": "8cH09poWvuK", "uri": "/contracts/8cH09poWvuK#separate-collateral-agent", "label": "Loan and Security Agreement (Commercial Vehicle Group, Inc.)", "score": 27.8453121185, "published": true}], "snippet": "108 12.9. Due Diligence and Non-Reliance ................................................................................... 109 12.10.", "snippet_links": [{"key": "due-diligence", "type": "definition", "offset": [10, 23]}], "hash": "f9c6eecb08cc51eff6bcaac9aba63899", "id": 8}, {"size": 1, "samples": [{"hash": "6PWqKgoFVh4", "uri": "/contracts/6PWqKgoFVh4#separate-collateral-agent", "label": "Loan and Security Agreement (Kellwood Co)", "score": 21.0, "published": true}], "snippet": "It is the intent of the parties that there shall be no violation of any Applicable Law denying or restricting the right of financial institutions to transact business in any jurisdiction. If Agent believes that it may be limited in the exercise of any rights or remedies under the Loan Documents due to any Applicable Law, Agent may appoint an additional Person who is not so limited, as a separate collateral agent or co-collateral agent. If Agent so appoints a collateral agent or co-collateral agent, each right and remedy intended to be available to Agent under the Loan Documents shall also be vested in such separate", "snippet_links": [{"key": "intent-of-the-parties", "type": "clause", "offset": [10, 31]}, {"key": "no-violation", "type": "clause", "offset": [52, 64]}, {"key": "applicable-law", "type": "clause", "offset": [72, 86]}, {"key": "right-of", "type": "clause", "offset": [114, 122]}, {"key": "financial-institutions", "type": "definition", "offset": [123, 145]}, {"key": "transact-business", "type": "definition", "offset": [149, 166]}, {"key": "any-jurisdiction", "type": "definition", "offset": [170, 186]}, {"key": "exercise-of", "type": "clause", "offset": [236, 247]}, {"key": "rights-or-remedies", "type": "clause", "offset": [252, 270]}, {"key": "the-loan-documents", "type": "clause", "offset": [277, 295]}, {"key": "an-additional", "type": "clause", "offset": [341, 354]}, {"key": "a-separate", "type": "definition", "offset": [388, 398]}, {"key": "a-collateral", "type": "clause", "offset": [461, 473]}, {"key": "available-to", "type": "definition", "offset": [541, 553]}], "hash": "b316ccba6a90d3a11c5b53b3f24782ea", "id": 9}, {"size": 1, "samples": [{"hash": "8KxOvvCUYkc", "uri": "/contracts/8KxOvvCUYkc#separate-collateral-agent", "label": "Loan and Security Agreement (Arctic Cat Inc)", "score": 21.0, "published": true}], "snippet": "It is the intent of the parties that there shall be no violation of any Applicable Law denying or restricting the right of financial institutions to transact business in any jurisdiction. If Agent believes that it may be limited in the exercise of any rights or remedies under the Loan Documents due to any Applicable Law, Agent may appoint an additional Person who is not so limited, as a separate collateral agent or co-collateral agent. If Agent so appoints a collateral agent or co-collateral agent, each right and remedy intended to be available to Agent under the Loan Documents shall also be vested in such separate agent. Every covenant and obligation necessary to the exercise thereof by such agent shall run to and be enforceable by it as well as Agent. Lenders shall execute and deliver such documents as Agent deems appropriate to vest any rights or remedies in such", "snippet_links": [{"key": "intent-of-the-parties", "type": "clause", "offset": [10, 31]}, {"key": "no-violation", "type": "clause", "offset": [52, 64]}, {"key": "applicable-law", "type": "clause", "offset": [72, 86]}, {"key": "right-of", "type": "clause", "offset": [114, 122]}, {"key": "financial-institutions", "type": "definition", "offset": [123, 145]}, {"key": "transact-business", "type": "definition", "offset": [149, 166]}, {"key": "any-jurisdiction", "type": "definition", "offset": [170, 186]}, {"key": "exercise-of", "type": "clause", "offset": [236, 247]}, {"key": "rights-or-remedies", "type": "clause", "offset": [252, 270]}, {"key": "the-loan-documents", "type": "clause", "offset": [277, 295]}, {"key": "an-additional", "type": "clause", "offset": [341, 354]}, {"key": "a-separate", "type": "definition", "offset": [388, 398]}, {"key": "a-collateral", "type": "clause", "offset": [461, 473]}, {"key": "available-to", "type": "definition", "offset": [541, 553]}, {"key": "separate-agent", "type": "clause", "offset": [614, 628]}, {"key": "agent-shall", "type": "definition", "offset": [702, 713]}, {"key": "execute-and-deliver", "type": "clause", "offset": [778, 797]}], "hash": "e899d77ed684514e71878ed875ede676", "id": 10}], "next_curs": "CmISXGoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj4LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiJzZXBhcmF0ZS1jb2xsYXRlcmFsLWFnZW50IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"size": 187, "parents": [["successor-agent-and-co-agents", "Successor Agent and Co Agents"], ["agent", "Agent"], ["miscellaneous", "Miscellaneous"], ["waivers", "Waivers"], ["collateral-agent", "Collateral Agent"]], "title": "Separate Collateral Agent", "children": [["remittances-generally", "Remittances Generally"], ["failure-to-pay", "Failure to Pay"], ["due-diligence-and-non-reliance", "Due Diligence and Non-Reliance"]], "id": "separate-collateral-agent", "related": [["the-collateral-agent", "The Collateral Agent", "The Collateral Agent"], ["collateral-agent", "Collateral Agent", "Collateral Agent"], ["successor-administrative-agent-and-collateral-agent", "Successor Administrative Agent and Collateral Agent", "Successor Administrative Agent and Collateral Agent"], ["authority-of-administrative-agent-to-release-collateral-and-liens", "Authority of Administrative Agent to Release Collateral and Liens", "Authority of Administrative Agent to Release Collateral and Liens"], ["the-collateral-agents-duties", "The Collateral Agent\u2019s Duties", "The Collateral Agent\u2019s Duties"]], "related_snippets": [], "updated": "2026-03-01T04:26:14+00:00", "also_ask": [], "drafting_tip": "", "explanation": "The Separate Collateral Agent clause designates a specific party to act as the collateral agent, distinct from other agents or parties in a transaction. This agent is responsible for holding, managing, and enforcing security interests in collateral on behalf of the secured parties, such as lenders or noteholders. For example, in a syndicated loan, the separate collateral agent may handle the perfection and release of security interests independently from the administrative agent. The core function of this clause is to ensure clear allocation of responsibilities regarding collateral, thereby reducing confusion and potential conflicts among parties involved in complex financing arrangements."}, "json": true, "cursor": ""}}