{"component": "clause", "props": {"groups": [{"samples": [{"hash": "houKwKHeWle", "uri": "/contracts/houKwKHeWle#the-collateral-agent", "label": "Pledge Agreement", "score": 29.3408622742, "published": true}, {"hash": "ZdHThYO2KQ", "uri": "/contracts/ZdHThYO2KQ#the-collateral-agent", "label": "Pledge Agreement (Goad Douglass C)", "score": 21.0, "published": true}, {"hash": "kaF6dyHh9Ix", "uri": "/contracts/kaF6dyHh9Ix#the-collateral-agent", "label": "Pledge Agreement (American International Group Inc)", "score": 18.2108154297, "published": true}], "size": 101, "snippet": "(a) Secured Party hereby irrevocably appoints and authorizes the Collateral Agent to take such action as agent on its behalf and to exercise such powers under this Agreement as are delegated to the Collateral Agent by the terms hereof, together with all such powers as are reasonably incidental thereto.\n(b) The obligations of the Collateral Agent hereunder are only those expressly set forth in this Agreement.\n(c) The Collateral Agent may consult with legal counsel, independent public accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken by it in good faith in accordance with the advice of such counsel, accountants or experts.\n(d) Neither the Collateral Agent nor any of its directors, officers, agents or employees shall be liable for any action taken or not taken by it in connection with this Agreement (1) with the consent or at the request of Secured Party or (2) in the absence of its own gross negligence or willful misconduct. The Collateral Agent shall not incur any liability by acting in reliance upon any notice, consent, certificate, statement, or other writing (which may be a bank wire, telex or similar writing) believed by it to be genuine or to be signed by the proper party or parties.\n(e) Pledgor shall indemnify the Collateral Agent against any cost, expense (including counsel fees and disbursements), claim, demand, action, loss or liability (except such as result from the Collateral Agent\u2019s gross negligence or willful misconduct) that the Collateral Agent may suffer or incur in connection with this Agreement or any action taken or omitted by the Collateral Agent hereunder.\n(f) Beyond the exercise of reasonable care in the custody thereof, the Collateral Agent shall have no duty as to any Collateral in its possession or control or in the possession or control of any agent, bailee, clearing corporation or securities intermediary or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto. The Collateral Agent shall be deemed to have exercised reasonable care in the custody and preservation of the Collateral if the Collateral is accorded treatment substantially equal to that which it accords its own property, and shall not be liable or responsible for any loss or damage to any of the Collateral, or for any diminution in the value thereof, by reason of the act or omission of any agent, bailee, clearing corporation or securities intermediary selected by the Collateral Agent in good faith (or selected by an agent, bailee, clearing corporation or securities intermediary so selected by the Collateral Agent or by any agent, bailee, clearing corporation or securities intermediary selected in accordance with this parenthetical phrase).\n(g) Any corporation or association into which the Collateral Agent may be converted or merged, or with which it may be consolidated, or to which it may sell or transfer its agency business or assets as a whole or substantially as a whole, or any corporation or association resulting from any such conversion, sale, merger, consolidation or transfer to which it is a party, shall, subject to the prior written consent of Secured Party, be and become a successor Collateral Agent hereunder and vested with all of the title to the Collateral and all of the powers, discretions, immunities, privileges and other matters as was its predecessor without, except as provided above, the execution or filing of any instrument or any further act, deed or conveyance on the part of any of the parties hereto, anything herein to the contrary notwithstanding.", "snippet_links": [{"key": "to-exercise", "type": "clause", "offset": [129, 140]}, {"key": "the-terms", "type": "definition", "offset": [218, 227]}, {"key": "agent-hereunder", "type": "clause", "offset": [342, 357]}, {"key": "in-this-agreement", "type": "clause", "offset": [393, 410]}, {"key": "legal-counsel", "type": "clause", "offset": [454, 467]}, {"key": "independent-public-accountants", "type": "clause", "offset": [469, 499]}, {"key": "action-taken", "type": "clause", "offset": [565, 577]}, {"key": "in-good-faith", "type": "definition", "offset": [607, 620]}, {"key": "in-accordance-with", "type": "clause", "offset": [621, 639]}, {"key": "employees-shall", "type": "clause", "offset": [771, 786]}, {"key": "in-connection-with", "type": "clause", "offset": [837, 855]}, {"key": "the-request", "type": "clause", "offset": [898, 909]}, {"key": "gross-negligence-or-willful-misconduct", "type": "definition", "offset": [960, 998]}, {"key": "agent-shall", "type": "definition", "offset": [1015, 1026]}, {"key": "any-notice", "type": "clause", "offset": [1078, 1088]}, {"key": "a-bank", "type": "clause", "offset": [1154, 1160]}, {"key": "signed-by-the", "type": "clause", "offset": [1231, 1244]}, {"key": "party-or-parties", "type": "clause", "offset": [1252, 1268]}, {"key": "counsel-fees-and-disbursements", "type": "clause", "offset": [1356, 1386]}, {"key": "agreement-or", "type": "definition", "offset": [1591, 1603]}, {"key": "exercise-of-reasonable-care", "type": "clause", "offset": [1682, 1709]}, {"key": "no-duty", "type": "clause", "offset": [1766, 1773]}, {"key": "possession-or-control", "type": "definition", "offset": [1802, 1823]}, {"key": "control-of", "type": "definition", "offset": [1848, 1858]}, {"key": "clearing-corporation", "type": "clause", "offset": [1878, 1898]}, {"key": "securities-intermediary", "type": "definition", "offset": [1902, 1925]}, {"key": "preservation-of-rights", "type": "clause", "offset": [1961, 1983]}, {"key": "other-rights", "type": "definition", "offset": [2013, 2025]}, {"key": "custody-and-preservation-of-the-collateral", "type": "clause", "offset": [2124, 2166]}, {"key": "equal-to", "type": "definition", "offset": [2221, 2229]}, {"key": "responsible-for", "type": "clause", "offset": [2297, 2312]}, {"key": "loss-or-damage", "type": "definition", "offset": [2317, 2331]}, {"key": "the-value", "type": "clause", "offset": [2383, 2392]}, {"key": "act-or-omission", "type": "definition", "offset": [2419, 2434]}, {"key": "an-agent", "type": "clause", "offset": [2568, 2576]}, {"key": "agency-business", "type": "definition", "offset": [2972, 2987]}, {"key": "resulting-from", "type": "definition", "offset": [3072, 3086]}, {"key": "transfer-to", "type": "clause", "offset": [3139, 3150]}, {"key": "a-party", "type": "clause", "offset": [3163, 3170]}, {"key": "subject-to-the", "type": "clause", "offset": [3179, 3193]}, {"key": "consent-of-secured-party", "type": "clause", "offset": [3208, 3232]}, {"key": "successor-collateral-agent", "type": "definition", "offset": [3250, 3276]}, {"key": "title-to-the-collateral", "type": "clause", "offset": [3314, 3337]}, {"key": "and-other-matters", "type": "clause", "offset": [3397, 3414]}, {"key": "the-execution", "type": "clause", "offset": [3473, 3486]}, {"key": "the-parties-hereto", "type": "clause", "offset": [3576, 3594]}], "hash": "779e6d49f16806832c35bed2e7786212", "id": 1}, {"samples": [{"hash": "Qs8afcdP0C", "uri": "/contracts/Qs8afcdP0C#the-collateral-agent", "label": "Credit Agreement (Zale Corp)", "score": 23.5681037903, "published": true}, {"hash": "7dYYzUbMXgK", "uri": "/contracts/7dYYzUbMXgK#the-collateral-agent", "label": "Credit Agreement (Zale Corp)", "score": 21.4298419952, "published": true}], "size": 21, "snippet": "Each Lender, each Co-Borrowing Base Agent, the Administrative Agent and each Issuing Bank hereby irrevocably (a) designate Bank of America as Collateral Agent under this Agreement and the other Loan Documents, (b) authorize the Collateral Agent to enter into the other Loan Documents to which it is a party and to perform its duties and obligations thereunder and (c) agree and consent to all of the provisions of the Security Documents. All Collateral shall be held or administered by the Collateral Agent (or its duly-appointed agent) for its benefit and for the ratable benefit of the other Secured Parties. Any proceeds received by the Collateral Agent from the foreclosure, sale, lease or other disposition of any of the Collateral and any other proceeds received pursuant to the terms of the Security Documents or the other Loan Documents shall be paid over to the Administrative Agent for application as provided in SECTION 2.18, SECTION 2.22, or SECTION 7.4, as applicable. The Collateral Agent shall have no duties or responsibilities except as set forth in this Agreement and the other Loan Documents, nor shall it have any fiduciary relationship with any other Secured Party, and no implied covenants, responsibilities, duties, obligations, or liabilities shall be read into the Loan Documents or otherwise exist against the Collateral Agent.", "snippet_links": [{"key": "each-lender", "type": "clause", "offset": [0, 11]}, {"key": "borrowing-base-agent", "type": "definition", "offset": [21, 41]}, {"key": "the-administrative-agent", "type": "definition", "offset": [43, 67]}, {"key": "issuing-bank", "type": "clause", "offset": [77, 89]}, {"key": "bank-of-america", "type": "definition", "offset": [123, 138]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [170, 208]}, {"key": "to-enter", "type": "definition", "offset": [245, 253]}, {"key": "a-party", "type": "clause", "offset": [299, 306]}, {"key": "duties-and-obligations", "type": "clause", "offset": [326, 348]}, {"key": "consent-to", "type": "definition", "offset": [378, 388]}, {"key": "the-security-documents", "type": "clause", "offset": [414, 436]}, {"key": "collateral-shall", "type": "definition", "offset": [442, 458]}, {"key": "appointed-agent", "type": "definition", "offset": [520, 535]}, {"key": "ratable-benefit", "type": "clause", "offset": [565, 580]}, {"key": "other-secured-parties", "type": "clause", "offset": [588, 609]}, {"key": "received-by", "type": "definition", "offset": [624, 635]}, {"key": "agent-from", "type": "definition", "offset": [651, 661]}, {"key": "disposition-of", "type": "clause", "offset": [700, 714]}, {"key": "other-proceeds", "type": "definition", "offset": [745, 759]}, {"key": "terms-of-the", "type": "clause", "offset": [785, 797]}, {"key": "section-74", "type": "clause", "offset": [954, 965]}, {"key": "agent-shall", "type": "definition", "offset": [997, 1008]}, {"key": "no-duties", "type": "clause", "offset": [1014, 1023]}, {"key": "in-this-agreement", "type": "clause", "offset": [1064, 1081]}, {"key": "fiduciary-relationship", "type": "definition", "offset": [1134, 1156]}, {"key": "other-secured-party", "type": "definition", "offset": [1166, 1185]}, {"key": "no-implied-covenants", "type": "clause", "offset": [1191, 1211]}, {"key": "the-loan-documents", "type": "clause", "offset": [1286, 1304]}], "hash": "96386d016da01dcd56aa755fe579d0e3", "id": 8}, {"samples": [{"hash": "eNp0yQ3ArIK", "uri": "/contracts/eNp0yQ3ArIK#the-collateral-agent", "label": "Pledge Agreement (Florida Power & Light Co)", "score": 37.306640625, "published": true}, {"hash": "69M4BSWxs5M", "uri": "/contracts/69M4BSWxs5M#the-collateral-agent", "label": "Pledge Agreement (Florida Power & Light Co)", "score": 36.1211509705, "published": true}, {"hash": "10OD3Yp9R7C", "uri": "/contracts/10OD3Yp9R7C#the-collateral-agent", "label": "Pledge Agreement (Florida Power & Light Co)", "score": 35.5598907471, "published": true}], "size": 57, "snippet": "It is hereby agreed as follows:", "snippet_links": [{"key": "it-is-hereby-agreed-as-follows", "type": "definition", "offset": [0, 30]}], "hash": "29c4d583abf3d37f2cc9941230fdb66d", "id": 3}, {"samples": [{"hash": "jeoJYmSqOpY", "uri": "/contracts/jeoJYmSqOpY#the-collateral-agent", "label": "Collateral Agreement (Estee Lauder Automatic Common Exchange Security Trust)", "score": 18.0, "published": true}, {"hash": "iL9ECENnfjH", "uri": "/contracts/iL9ECENnfjH#the-collateral-agent", "label": "Collateral Agreement (Equity Securities Trust Ii)", "score": 18.0, "published": true}, {"hash": "h436IaIjvZv", "uri": "/contracts/h436IaIjvZv#the-collateral-agent", "label": "Collateral Agreement (Third Automatic Common Exchange Security Trust)", "score": 18.0, "published": true}], "size": 24, "snippet": "The Collateral Agent accepts its duties and responsibilities hereunder as agent for the Trust, on and subject to the following terms and conditions:", "snippet_links": [{"key": "duties-and-responsibilities", "type": "definition", "offset": [33, 60]}, {"key": "the-trust", "type": "clause", "offset": [84, 93]}, {"key": "the-following-terms-and-conditions", "type": "clause", "offset": [113, 147]}], "hash": "140e889f679b8a60455a9810be26aa02", "id": 5}, {"samples": [{"hash": "1ActBbifT7A", "uri": "/contracts/1ActBbifT7A#the-collateral-agent", "label": "Revolving Credit and Security Agreement (T Series Middle Market Loan Fund LLC)", "score": 33.7830238342, "published": true}], "size": 26, "snippet": "(a) The Collateral Agent shall have no liability for losses arising from (i) any cause beyond its control, (ii) any delay, error, omission or default of any mail, telegraph, cable or wireless agency or operator, or (iii) the acts or edicts of any government or governmental agency or other group or entity exercising governmental powers.\n(b) It is expressly acknowledged and agreed that the Collateral Agent is not guaranteeing the performance of or assuming any liability for the obligations of the other parties hereto or any portion of the Collateral.\n(c) The Collateral Agent shall not be responsible for the preparation or filing of any UCC financing statements or continuation statements or the correctness of any financing statements filed in connection with this Agreement or the validity or perfection of any lien or security interest created pursuant to this Agreement.\n(d) The Collateral Agent shall not be liable for interest on any money received by it except as the Collateral Agent may agree in writing with the Borrower. In no event shall the Collateral Agent be liable for the selection of any investments or any losses in connection therewith (except in its capacity as obligor thereunder, if applicable), or for any failure of the relevant party to provide investment instruction to the Collateral Agent in connection with the investment of funds in or from any account set forth herein.\n(e) The Collateral Agent shall have no liability for any failure, inability or unwillingness on the part of the Servicer, the Borrower or the Administrative Agent to provide accurate and complete information on a timely basis to the Collateral Agent, or otherwise on the part of any such party to comply with the terms of this Agreement, and shall have no liability for any inaccuracy or error in the performance or observance on the Collateral Agent\u2019s part of any of its duties hereunder that is caused by or results from any such inaccurate, incomplete or untimely information received by it, or other failure on the part of any such other party to comply with the terms hereof.\n(f) The Collateral Agent shall not be bound to make any investigation into the facts or matters stated in any certificate, report or other document or electronic communication; provided, however, that, if the form thereof is prescribed by this Agreement, the Collateral Agent shall examine the same to determine whether it conforms on its face to the requirements hereof. The Collateral Agent shall not be deemed to have knowledge or notice of any matter unless actually known to a Responsible Officer. It is expressly acknowledged by the Borrower, the Servicer, the Lenders and the Administrative Agent that performance by the Collateral Agent of its various duties hereunder (including recalculations to be performed in respect of the matters contemplated hereby) shall be based upon, and in reliance upon, data, information and notices provided to it by the Servicer (and/or the Borrower) and/or any related bank agent, obligor or similar party with respect to the Collateral, and the Collateral Agent shall have no responsibility for the accuracy of any such information or data provided to it by such persons and shall be entitled to update its records (as it may deem necessary or appropriate). Nothing herein shall impose or imply any duty or obligation on the part of the Collateral Agent to verify, investigate or audit any such information or data, or to determine or monitor on an independent basis whether any issuer of the Collateral is in default or in compliance with the underlying documents governing or securing such item of Collateral, from time to time.\n(g) The Collateral Agent shall have no duty to determine or inquire into the happening or occurrence of any event or contingency, and it is agreed that its duties hereunder are purely ministerial in nature.\n(h) Should any controversy arise between the undersigned with respect to the Collateral held by the Collateral Agent, the Collateral Agent shall follow the instructions of the Administrative Agent on behalf of the Secured Parties (provided that to the extent practicable, the Collateral Agent shall provide written notice of such controversy to the Servicer).\n(i) The powers conferred on the Collateral Agent hereunder are solely to protect its interest (on behalf of the Secured Parties) in the Collateral and shall not impose any duty on it to exercise any such powers. Except for performing the obligations expressly imposed on the Collateral Agent hereunder, the Collateral Agent shall have no duty as to any Collateral or responsibility for ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relative to any Collateral, whether or not the Collateral Agent has or is deemed to have knowledge of such matters or taking any steps to preserve rights against prior parties or other rights pertaining to any Collateral.\n(j) In order to comply with the laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions, including those relating to the funding of terrorist activities and money laundering, the Collateral Agent may be required to obtain, verify and record certain information relating to individuals and entities which maintain a business relationship with the Collateral Agent. Accordingly, each of the parties hereto agrees to provide to the Collateral Agent upon its request from time to time such identifying information and documentation as may be available to such party in order to enable the Collateral Agent to comply with such requirements.\n(k) If State Street or the Collateral Agent is also acting in another capacity, including as Custodian or Securities Intermediary, the rights, protections, immunities and indemnities afforded to State Street or the Collateral Agent pursuant to this Article XII shall also be afforded to State Street or the Collateral Agent acting in such capacities; provided that such rights, protections, benefits, immunities and indemnities shall be in addition to, and not in limitation of, any rights, protections, benefits, immunities and indemnities provided in the Custodian Agreement, Account Control Agreement or any other Facility Documents to which State Street or the Collateral Agent in such capacity is a party.\n(l) The Collateral Agent shall not have any obligation to determine if a Collateral Loan meets the criteria specified in the definition of Eligible Collateral Loan or if the requirements set forth in the definition of \u201cDeliver\u201d have been satisfied.\n(m) The Collateral Agent shall not be under any obligation (i) to monitor, determine or verify the unavailability or cessation of the Term SOFR Reference Rate (with respect to Dollar Advances) (or any other Applicable Index, floating rate, interest rate or Benchmark Replacement), or whether or when there has occurred, or to give notice to any other transaction party of the occurrence of, any Benchmark Replacement Date, Benchmark Transition Event, Benchmark Unavailability Period or Early Opt-In Election, (ii) to select, determine or designate any Benchmark Replacement or other alternate benchmark rate, or other successor or replacement rate, or whether any conditions to the designation of such a rate have been satisfied, or (iii) to select, determine or designate any Benchmark Replacement Adjustment or other modifier to any Benchmark Replacement or other replacement or successor rate or index, or (iv) to determine whether or what Benchmark Replacement Conforming Changes are necessary or advisable, if any, in connection with any of the foregoing.\n(n) The Collateral Agent shall not be liable for any inability, failure or delay on its part to perform any of its duties set forth in this Agreement as a result of the unavailability of the Term SOFR Reference Rate (with respect to Dollar Advances) (or any Benchmark Replacement or other Applicable Index, floating rate or other Interest Rate) and absence of any Benchmark Replacement or other replacement index or floating rate, including as a result of any inability, delay, error or inaccuracy on the part of any other transaction party, including without limitation the Administrative Agent, the Borrower or the Servicer, in providing any direction, instruction, notice or information required or contemplated by the terms of this Agreement and reasonably required for the performance of such duties.", "snippet_links": [{"key": "agent-shall", "type": "definition", "offset": [19, 30]}, {"key": "no-liability-for-losses", "type": "clause", "offset": [36, 59]}, {"key": "governmental-agency", "type": "definition", "offset": [261, 280]}, {"key": "other-group", "type": "definition", "offset": [284, 295]}, {"key": "governmental-powers", "type": "clause", "offset": [317, 336]}, {"key": "acknowledged-and-agreed", "type": "clause", "offset": [358, 381]}, {"key": "the-other-parties", "type": "clause", "offset": [496, 513]}, {"key": "responsible-for", "type": "clause", "offset": [593, 608]}, {"key": "ucc-financing-statements", "type": "definition", "offset": [642, 666]}, {"key": "continuation-statements", "type": "clause", "offset": [670, 693]}, {"key": "in-connection-with", "type": "clause", "offset": [747, 765]}, {"key": "agreement-or", "type": "definition", "offset": [771, 783]}, {"key": "security-interest-created", "type": "clause", "offset": [826, 851]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [852, 878]}, {"key": "interest-on-any", "type": "clause", "offset": [929, 944]}, {"key": "received-by", "type": "definition", "offset": [951, 962]}, {"key": "in-writing", "type": "clause", "offset": [1007, 1017]}, {"key": "in-no-event-shall", "type": "clause", "offset": [1037, 1054]}, {"key": "selection-of", "type": "clause", "offset": [1094, 1106]}, {"key": "if-applicable", "type": "definition", "offset": [1208, 1221]}, {"key": "relevant-party", "type": "definition", "offset": [1250, 1264]}, {"key": "to-provide", "type": "definition", "offset": [1265, 1275]}, {"key": "investment-instruction", "type": "definition", "offset": [1276, 1298]}, {"key": "funds-in", "type": "definition", "offset": [1360, 1368]}, {"key": "the-administrative-agent", "type": "definition", "offset": [1545, 1569]}, {"key": "information-on", "type": "clause", "offset": [1603, 1617]}, {"key": "such-party", "type": "clause", "offset": [1690, 1700]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [1720, 1743]}, {"key": "in-the-performance", "type": "clause", "offset": [1801, 1819]}, {"key": "caused-by", "type": "clause", "offset": [1904, 1913]}, {"key": "information-received", "type": "definition", "offset": [1974, 1994]}, {"key": "other-failure", "type": "definition", "offset": [2005, 2018]}, {"key": "other-party", "type": "clause", "offset": [2043, 2054]}, {"key": "the-facts", "type": "clause", "offset": [2163, 2172]}, {"key": "other-document", "type": "clause", "offset": [2221, 2235]}, {"key": "electronic-communication", "type": "definition", "offset": [2239, 2263]}, {"key": "by-this-agreement", "type": "clause", "offset": [2324, 2341]}, {"key": "determine-whether", "type": "clause", "offset": [2390, 2407]}, {"key": "the-requirements", "type": "clause", "offset": [2435, 2451]}, {"key": "have-knowledge", "type": "definition", "offset": [2504, 2518]}, {"key": "notice-of-any", "type": "clause", "offset": [2522, 2535]}, {"key": "actually-known", "type": "definition", "offset": [2550, 2564]}, {"key": "responsible-officer", "type": "definition", "offset": [2570, 2589]}, {"key": "by-the-borrower", "type": "clause", "offset": [2620, 2635]}, {"key": "the-lenders", "type": "clause", "offset": [2651, 2662]}, {"key": "performance-by-the-collateral-agent", "type": "clause", "offset": [2697, 2732]}, {"key": "in-respect-of", "type": "definition", "offset": [2807, 2820]}, {"key": "contemplated-hereby", "type": "clause", "offset": [2833, 2852]}, {"key": "information-and-notices", "type": "clause", "offset": [2903, 2926]}, {"key": "by-the-servicer", "type": "clause", "offset": [2942, 2957]}, {"key": "bank-agent", "type": "definition", "offset": [2999, 3009]}, {"key": "with-respect-to", "type": "clause", "offset": [3036, 3051]}, {"key": "responsibility-for", "type": "clause", "offset": [3107, 3125]}, {"key": "such-information", "type": "definition", "offset": [3146, 3162]}, {"key": "data-provided", "type": "clause", "offset": [3166, 3179]}, {"key": "to-verify", "type": "definition", "offset": [3385, 3394]}, {"key": "an-independent", "type": "clause", "offset": [3477, 3491]}, {"key": "in-default", "type": "clause", "offset": [3538, 3548]}, {"key": "compliance-with-the", "type": "clause", "offset": [3555, 3574]}, {"key": "underlying-documents", "type": "definition", "offset": [3575, 3595]}, {"key": "from-time-to-time", "type": "clause", "offset": [3643, 3660]}, {"key": "no-duty", "type": "clause", "offset": [3698, 3705]}, {"key": "it-is-agreed-that", "type": "clause", "offset": [3796, 3813]}, {"key": "between-the-undersigned", "type": "clause", "offset": [3902, 3925]}, {"key": "on-behalf-of", "type": "definition", "offset": [4066, 4078]}, {"key": "the-secured-parties", "type": "clause", "offset": [4079, 4098]}, {"key": "provided-that", "type": "definition", "offset": [4100, 4113]}, {"key": "to-the-extent-practicable", "type": "definition", "offset": [4114, 4139]}, {"key": "written-notice", "type": "clause", "offset": [4176, 4190]}, {"key": "agent-hereunder", "type": "clause", "offset": [4272, 4287]}, {"key": "to-exercise", "type": "clause", "offset": [4412, 4423]}, {"key": "taking-action", "type": "definition", "offset": [4631, 4644]}, {"key": "other-matters", "type": "clause", "offset": [4715, 4728]}, {"key": "knowledge-of", "type": "definition", "offset": [4818, 4830]}, {"key": "other-rights", "type": "definition", "offset": [4908, 4920]}, {"key": "pertaining-to", "type": "definition", "offset": [4921, 4934]}, {"key": "order-to-comply", "type": "definition", "offset": [4958, 4973]}, {"key": "the-laws", "type": "definition", "offset": [4979, 4987]}, {"key": "executive-orders", "type": "clause", "offset": [5012, 5028]}, {"key": "in-effect", "type": "definition", "offset": [5029, 5038]}, {"key": "applicable-to", "type": "definition", "offset": [5057, 5070]}, {"key": "relating-to", "type": "definition", "offset": [5109, 5120]}, {"key": "the-funding", "type": "clause", "offset": [5121, 5132]}, {"key": "terrorist-activities", "type": "definition", "offset": [5136, 5156]}, {"key": "money-laundering", "type": "clause", "offset": [5161, 5177]}, {"key": "verify-and-record", "type": "clause", "offset": [5227, 5244]}, {"key": "certain-information", "type": "clause", "offset": [5245, 5264]}, {"key": "to-individuals", "type": "clause", "offset": [5274, 5288]}, {"key": "business-relationship", "type": "definition", "offset": [5319, 5340]}, {"key": "the-parties-hereto", "type": "clause", "offset": [5389, 5407]}, {"key": "agrees-to", "type": "clause", "offset": [5408, 5417]}, {"key": "provide-to", "type": "clause", "offset": [5418, 5428]}, {"key": "information-and-documentation", "type": "clause", "offset": [5502, 5531]}, {"key": "available-to", "type": "definition", "offset": [5542, 5554]}, {"key": "state-street", "type": "definition", "offset": [5647, 5659]}, {"key": "securities-intermediary", "type": "definition", "offset": [5746, 5769]}, {"key": "the-rights", "type": "clause", "offset": [5771, 5781]}, {"key": "article-xii", "type": "definition", "offset": [5889, 5900]}, {"key": "such-rights", "type": "definition", "offset": [6005, 6016]}, {"key": "in-addition-to", "type": "clause", "offset": [6077, 6091]}, {"key": "limitation-of", "type": "clause", "offset": [6104, 6117]}, {"key": "custodian-agreement", "type": "definition", "offset": [6197, 6216]}, {"key": "account-control-agreement", "type": "definition", "offset": [6218, 6243]}, {"key": "other-facility-documents", "type": "clause", "offset": [6251, 6275]}, {"key": "a-party", "type": "clause", "offset": [6342, 6349]}, {"key": "obligation-to", "type": "clause", "offset": [6395, 6408]}, {"key": "a-collateral", "type": "clause", "offset": [6422, 6434]}, {"key": "the-criteria", "type": "clause", "offset": [6446, 6458]}, {"key": "the-definition-of", "type": "clause", "offset": [6472, 6489]}, {"key": "eligible-collateral-loan", "type": "definition", "offset": [6490, 6514]}, {"key": "cessation-of", "type": "clause", "offset": [6717, 6729]}, {"key": "term-sofr-reference-rate", "type": "definition", "offset": [6734, 6758]}, {"key": "dollar-advances", "type": "clause", "offset": [6776, 6791]}, {"key": "applicable-index", "type": "definition", "offset": [6807, 6823]}, {"key": "floating-rate", "type": "definition", "offset": [6825, 6838]}, {"key": "interest-rate", "type": "clause", "offset": [6840, 6853]}, {"key": "notice-to", "type": "definition", "offset": [6931, 6940]}, {"key": "party-of-the", "type": "clause", "offset": [6963, 6975]}, {"key": "benchmark-replacement-date", "type": "definition", "offset": [6995, 7021]}, {"key": "benchmark-transition-event", "type": "definition", "offset": [7023, 7049]}, {"key": "benchmark-unavailability-period", "type": "clause", "offset": [7051, 7082]}, {"key": "alternate-benchmark-rate", "type": "definition", "offset": [7183, 7207]}, {"key": "replacement-rate", "type": "clause", "offset": [7231, 7247]}, {"key": "designation-of", "type": "clause", "offset": [7282, 7296]}, {"key": "benchmark-replacement-adjustment", "type": "definition", "offset": [7377, 7409]}, {"key": "successor-rate", "type": "clause", "offset": [7481, 7495]}, {"key": "benchmark-replacement-conforming-changes", "type": "definition", "offset": [7543, 7583]}, {"key": "the-foregoing", "type": "clause", "offset": [7646, 7659]}, {"key": "failure-or-delay", "type": "clause", "offset": [7725, 7741]}, {"key": "in-this-agreement", "type": "clause", "offset": [7793, 7810]}, {"key": "other-interest", "type": "definition", "offset": [7985, 7999]}, {"key": "replacement-index", "type": "definition", "offset": [8056, 8073]}, {"key": "including-without-limitation", "type": "clause", "offset": [8203, 8231]}, {"key": "information-required", "type": "clause", "offset": [8339, 8359]}], "hash": "5ef0671326b7a4ada3c57fdfa72d0d86", "id": 4}, {"samples": [{"hash": "121VeukK9La", "uri": "/contracts/121VeukK9La#the-collateral-agent", "label": "Indenture (Freescale Semiconductor, Ltd.)", "score": 24.8412055969, "published": true}, {"hash": "1E5RGuf1ARG", "uri": "/contracts/1E5RGuf1ARG#the-collateral-agent", "label": "Indenture (Freescale Semiconductor, Ltd.)", "score": 24.3867206573, "published": true}, {"hash": "jZLKYMBGYPj", "uri": "/contracts/jZLKYMBGYPj#the-collateral-agent", "label": "Indenture (Freescale Semiconductor Holdings I, Ltd.)", "score": 21.2819976807, "published": true}], "size": 21, "snippet": "(a) Each of the Trustee and, by accepting the Notes, the Holders hereby appoints and authorizes Citibank, N.A. to act as Collateral Agent and in such capacity to act as the agent of (and to hold any security interest created by the Collateral Documents relating to the Notes for and on behalf of or on trust for) the Trustee and each Holders for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by the Issuer or any Secured Guarantor to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. The use of the term \u201cagent\u201d herein with reference to the Collateral Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law other than as a \u201crepresentative\u201d as such term is used in Section 9-102(a)(72)(E) of the Uniform Commercial Code. Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties.\n(b) The Collateral Agent shall be subject to such directions as may be given it by the Trustee from time to time as required or permitted by this Indenture and the Intercreditor Agreement. Except as directed by the Trustee and as required or permitted by this Indenture, the Intercreditor Agreement or the other Collateral Documents relating to the Notes, the Collateral Agent shall 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 Lien securing the Notes and the Guarantees of the Notes; or\n(iii) to take any other action whatsoever with regard to any or all of the Liens securing the Notes and the Guarantees of the Notes, the Collateral Documents relating to the Notes or the Collateral.\n(c) The Collateral Agent is authorized and empowered to appoint one or more co-agents or sub-agents or attorneys-in-fact as it deems necessary or appropriate in connection herewith and shall not be liable for the negligence or misconduct of any such agents or attorneys-in-fact selected by it in good faith.\n(d) The Collateral Agent shall be accountable only for amounts that it actually receives as a result of the enforcement of this Indenture, the Collateral Documents relating to the Notes or the Liens created by the Collateral Documents relating to the Notes.\n(e) The Trustee may, from time to time, appoint another financial institution to act as Collateral Agent so long as such institution meets the requirements applicable to the Trustee as set forth in Section 7.09. Subject to the appointment and acceptance of a successor Collateral Agent as provided in this subsection, the Collateral Agent (if other than the Trustee) may resign at any time by notifying the Trustee and the Issuer. Upon any such resignation, the Trustee shall have the right to appoint a successor Collateral Agent. If no successor shall have been so appointed by the Trustee and shall have accepted such appointment within 30 days after the retiring Collateral Agent gives notice of its resignation, then the retiring Collateral Agent may, on behalf of the Holders and the Trustee, appoint a successor Collateral Agent which shall meet the eligibility requirements applicable to the Trustee as set forth in Section 7.09 and shall accept and comply in all material respects with the Collateral Documents. Upon a successor\u2019s acceptance of its appointment as Collateral Agent hereunder, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Collateral Agent hereunder and under the Collateral Documents, and the retiring Collateral Agent shall be discharged from its duties and obligations hereunder and under the Collateral Documents. If the Trustee shall be acting at any time as the Collateral Agent, then it will be deemed to have resigned as Collateral Agent upon its replacement as Trustee pursuant to Section 7.07, and the successor Trustee shall select (or may act as) the replacement Collateral Agent.\n(f) The Collateral Agent shall have all of the rights of the Trustee under Article VII of this Indenture, including, without limitation, the rights to compensation, indemnification and resignation.\n(g) At all times when the Trustee is not itself the Collateral Agent, the Issuer will deliver to the Trustee copies of all Collateral Documents relating to the Notes delivered to the Collateral Agent and copies of all documents delivered to the Collateral Agent pursuant to the Collateral Documents relating to the Notes.", "snippet_links": [{"key": "by-accepting", "type": "clause", "offset": [29, 41]}, {"key": "the-holders", "type": "clause", "offset": [53, 64]}, {"key": "capacity-to-act", "type": "clause", "offset": [150, 165]}, {"key": "the-agent", "type": "clause", "offset": [169, 178]}, {"key": "created-by", "type": "definition", "offset": [217, 227]}, {"key": "the-collateral-documents", "type": "clause", "offset": [228, 252]}, {"key": "relating-to", "type": "definition", "offset": [253, 264]}, {"key": "for-and-on-behalf-of", "type": "clause", "offset": [275, 295]}, {"key": "on-trust", "type": "clause", "offset": [299, 307]}, {"key": "for-purposes-of", "type": "clause", "offset": [342, 357]}, {"key": "by-the-issuer", "type": "clause", "offset": [431, 444]}, {"key": "secured-guarantor", "type": "definition", "offset": [452, 469]}, {"key": "to-secure", "type": "clause", "offset": [470, 479]}, {"key": "the-obligations", "type": "clause", "offset": [487, 502]}, {"key": "use-of-the-term", "type": "clause", "offset": [587, 602]}, {"key": "with-reference-to", "type": "clause", "offset": [618, 635]}, {"key": "applicable-law", "type": "definition", "offset": [777, 791]}, {"key": "section-9", "type": "clause", "offset": [849, 858]}, {"key": "uniform-commercial-code", "type": "definition", "offset": [880, 903]}, {"key": "relationship-between", "type": "clause", "offset": [1029, 1049]}, {"key": "independent-contracting-parties", "type": "clause", "offset": [1050, 1081]}, {"key": "agent-shall", "type": "definition", "offset": [1102, 1113]}, {"key": "by-the-trustee", "type": "clause", "offset": [1163, 1177]}, {"key": "from-time-to-time", "type": "clause", "offset": [1178, 1195]}, {"key": "as-required", "type": "clause", "offset": [1196, 1207]}, {"key": "the-intercreditor-agreement", "type": "clause", "offset": [1243, 1270]}, {"key": "as-directed", "type": "definition", "offset": [1279, 1290]}, {"key": "agreement-or", "type": "definition", "offset": [1372, 1384]}, {"key": "other-collateral-documents", "type": "clause", "offset": [1389, 1415]}, {"key": "any-other-person", "type": "definition", "offset": [1546, 1562]}, {"key": "guarantees-of-the-notes", "type": "definition", "offset": [1644, 1667]}, {"key": "other-action", "type": "definition", "offset": [1690, 1702]}, {"key": "with-regard-to", "type": "clause", "offset": [1714, 1728]}, {"key": "liens-securing", "type": "clause", "offset": [1747, 1761]}, {"key": "in-connection", "type": "definition", "offset": [2029, 2042]}, {"key": "negligence-or-misconduct", "type": "clause", "offset": [2084, 2108]}, {"key": "in-good-faith", "type": "definition", "offset": [2164, 2177]}, {"key": "enforcement-of", "type": "clause", "offset": [2287, 2301]}, {"key": "liens-created", "type": "clause", "offset": [2372, 2385]}, {"key": "financial-institution", "type": "definition", "offset": [2493, 2514]}, {"key": "meets-the-requirements", "type": "definition", "offset": [2570, 2592]}, {"key": "to-the-trustee", "type": "clause", "offset": [2604, 2618]}, {"key": "acceptance-of-a", "type": "clause", "offset": [2680, 2695]}, {"key": "successor-collateral-agent", "type": "definition", "offset": [2696, 2722]}, {"key": "this-subsection", "type": "definition", "offset": [2738, 2753]}, {"key": "at-any-time", "type": "clause", "offset": [2815, 2826]}, {"key": "trustee-shall", "type": "definition", "offset": [2899, 2912]}, {"key": "right-to-appoint", "type": "clause", "offset": [2922, 2938]}, {"key": "no-successor", "type": "clause", "offset": [2972, 2984]}, {"key": "days-after", "type": "definition", "offset": [3080, 3090]}, {"key": "notice-of", "type": "definition", "offset": [3127, 3136]}, {"key": "eligibility-requirements", "type": "clause", "offset": [3294, 3318]}, {"key": "in-all-material-respects", "type": "definition", "offset": [3402, 3426]}, {"key": "agent-hereunder", "type": "clause", "offset": [3521, 3536]}, {"key": "the-rights", "type": "clause", "offset": [3597, 3607]}, {"key": "duties-of-the", "type": "definition", "offset": [3632, 3645]}, {"key": "duties-and-obligations", "type": "clause", "offset": [3781, 3803]}, {"key": "as-trustee", "type": "clause", "offset": [3999, 4009]}, {"key": "pursuant-to-section", "type": "clause", "offset": [4010, 4029]}, {"key": "the-successor-trustee", "type": "clause", "offset": [4040, 4061]}, {"key": "replacement-collateral-agent", "type": "definition", "offset": [4095, 4123]}, {"key": "rights-of-the-trustee", "type": "clause", "offset": [4172, 4193]}, {"key": "article-vii", "type": "definition", "offset": [4200, 4211]}, {"key": "without-limitation", "type": "clause", "offset": [4242, 4260]}, {"key": "at-all-times", "type": "definition", "offset": [4327, 4339]}, {"key": "deliver-to", "type": "definition", "offset": [4409, 4419]}, {"key": "copies-of-all", "type": "definition", "offset": [4432, 4445]}, {"key": "documents-delivered", "type": "clause", "offset": [4541, 4560]}, {"key": "pursuant-to-the", "type": "clause", "offset": [4585, 4600]}], "hash": "d85c957a72f7d24ffb14946bd899956c", "id": 7}, {"samples": [{"hash": "lFJMqkNn7Mk", "uri": "/contracts/lFJMqkNn7Mk#the-collateral-agent", "label": "Assignment of Bank Accounts (RenPac Holdings Inc.)", "score": 23.1054077148, "published": true}, {"hash": "ksBRXUlHG4w", "uri": "/contracts/ksBRXUlHG4w#the-collateral-agent", "label": "Pledge Agreement (RenPac Holdings Inc.)", "score": 23.1054077148, "published": true}, {"hash": "kllLu8A3iRo", "uri": "/contracts/kllLu8A3iRo#the-collateral-agent", "label": "Pledge Agreement (RenPac Holdings Inc.)", "score": 23.1054077148, "published": true}], "size": 17, "snippet": "(a) The parties acknowledge that the Collateral Agent acts in its capacity as Collateral Agent (as defined in the First Lien Intercreditor Agreement). For Swiss Law purposes, the Collateral Agent shall be deemed to act for the benefit and for the account of each of the Secured Parties for the purposes of this Agreement, without any prejudice to the rights and duties laid upon the Collateral Agent under the laws applicable to the Loan Documents.\n(b) The Collateral Agent shall have a full and unfettered right to assign or otherwise transfer the whole or any part of the benefit of this Agreement to any person to whom all or any part of its rights, benefits and obligations under the Loan Documents are assigned or transferred in accordance with the provisions of the Loan Documents. The Collateral Agent shall be entitled to disclose any information concerning this Agreement to any such assignee or successor or any participant or proposed assignee, successor or participant subject to the provisions of the Loan Documents.", "snippet_links": [{"key": "the-parties-acknowledge", "type": "clause", "offset": [4, 27]}, {"key": "first-lien-intercreditor-agreement", "type": "definition", "offset": [114, 148]}, {"key": "agent-shall", "type": "definition", "offset": [190, 201]}, {"key": "to-act", "type": "definition", "offset": [212, 218]}, {"key": "the-benefit", "type": "definition", "offset": [223, 234]}, {"key": "the-account", "type": "clause", "offset": [243, 254]}, {"key": "the-secured-parties", "type": "clause", "offset": [266, 285]}, {"key": "for-the-purposes-of-this-agreement", "type": "clause", "offset": [286, 320]}, {"key": "the-rights-and-duties", "type": "clause", "offset": [347, 368]}, {"key": "applicable-to", "type": "definition", "offset": [415, 428]}, {"key": "right-to-assign", "type": "clause", "offset": [507, 522]}, {"key": "agreement-to", "type": "clause", "offset": [590, 602]}, {"key": "any-person", "type": "clause", "offset": [603, 613]}, {"key": "obligations-under-the-loan-documents", "type": "clause", "offset": [666, 702]}, {"key": "in-accordance-with", "type": "clause", "offset": [731, 749]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [750, 771]}, {"key": "to-disclose", "type": "definition", "offset": [827, 838]}, {"key": "concerning-this-agreement", "type": "clause", "offset": [855, 880]}, {"key": "proposed-assignee", "type": "definition", "offset": [937, 954]}, {"key": "subject-to-the-provisions", "type": "clause", "offset": [981, 1006]}], "hash": "fab18da183f2cf86ceca25ea47e1cc3c", "id": 10}, {"samples": [{"hash": "kpzQWFx1vyU", "uri": "/contracts/kpzQWFx1vyU#the-collateral-agent", "label": "Security Agreement (Infousa Inc)", "score": 18.0, "published": true}, {"hash": "iR0RWcdYwQp", "uri": "/contracts/iR0RWcdYwQp#the-collateral-agent", "label": "Credit Agreement (Flowers Foods Inc)", "score": 18.0, "published": true}, {"hash": "hwZW7qEWq3c", "uri": "/contracts/hwZW7qEWq3c#the-collateral-agent", "label": "Security Agreement (Pagemart Wireless Inc)", "score": 18.0, "published": true}], "size": 68, "snippet": "The Collateral Agent will hold in accordance with this Agreement all items of the Collateral at any time received under this Agreement. It is expressly understood and agreed that the obligations of the Collateral Agent as holder of the Collateral and interests therein and with respect to the disposition thereof, and otherwise under this Agreement, are only those expressly set forth in this Agreement and in Section 12 of the Credit Agreement. The Collateral Agent shall act hereunder and thereunder on the terms and conditions set forth herein and in Section 12 of the Credit Agreement.", "snippet_links": [{"key": "in-accordance-with", "type": "clause", "offset": [31, 49]}, {"key": "all-items", "type": "definition", "offset": [65, 74]}, {"key": "at-any-time", "type": "clause", "offset": [93, 104]}, {"key": "understood-and-agreed-that", "type": "clause", "offset": [152, 178]}, {"key": "obligations-of-the-collateral-agent", "type": "clause", "offset": [183, 218]}, {"key": "with-respect-to", "type": "clause", "offset": [273, 288]}, {"key": "in-this-agreement", "type": "clause", "offset": [385, 402]}, {"key": "section-12", "type": "definition", "offset": [410, 420]}, {"key": "the-credit-agreement", "type": "clause", "offset": [424, 444]}, {"key": "agent-shall", "type": "definition", "offset": [461, 472]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [505, 529]}], "hash": "291709d4aa0e6046506f7829d69cbeb8", "id": 2}, {"samples": [{"hash": "6iW1ZGMWtNC", "uri": "/contracts/6iW1ZGMWtNC#the-collateral-agent", "label": "Credit Agreement (First Wind Holdings Inc.)", "score": 21.8049278259, "published": true}, {"hash": "lYB3anoOXs1", "uri": "/contracts/lYB3anoOXs1#the-collateral-agent", "label": "Credit Agreement (First Wind Holdings Inc.)", "score": 21.7802867889, "published": true}, {"hash": "geRPvS2eMZM", "uri": "/contracts/geRPvS2eMZM#the-collateral-agent", "label": "Credit Agreement (First Wind Holdings Inc.)", "score": 21.188911438, "published": true}], "size": 24, "snippet": "7.1 Collateral Agent\u2019s Appointment as Attorney-in-Fact, etc.\n(a) Each Grantor hereby irrevocably constitutes and appoints the Collateral Agent and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Grantor and in the name of such Grantor or in its own name, for the purpose of carrying out the terms of this Agreement, subject to the last sentence of this Section 7.1(a), to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Agreement, and, without limiting the generality of the foregoing, each Grantor hereby gives the Collateral Agent the power and right, on behalf of such Grantor, without notice to or assent by such Grantor, to do any or all of the following:\n(i) in the name of such Grantor or its own name, or otherwise, take possession of and indorse and collect any checks, drafts, notes, acceptances or other instruments for the payment of moneys due under any Contract or with respect to any other Collateral and file any claim or take any other action or proceeding in any court of law or equity or otherwise deemed appropriate by the Collateral Agent for the purpose of collecting any and all such moneys due under any Contract or with respect to any other Collateral whenever payable;\n(ii) in the case of any Intellectual Property, execute and deliver, and have recorded, any and all agreements, instruments, documents and papers as the Collateral Agent or any Lender may request to evidence the Collateral Agent\u2019s and the Secured Parties\u2019 security interest in such Intellectual Property and the goodwill and general intangibles of such Grantor relating thereto or represented thereby;\n(iii) pay or discharge taxes and Liens levied or placed on or threatened against the Collateral, effect any repairs or any insurance called for by the terms of the Credit Agreement and pay all or any part of the premiums therefor and the costs thereof;\n(iv) execute, in connection with any sale provided for in Sections 6.5 or 6.6, any indorsements, assignments or other instruments of conveyance or transfer with respect to the Collateral; and\n(1) direct any party liable for any payment under any of the Collateral to make payment of any and all moneys due or to become due thereunder directly to the Collateral Agent or as the Collateral Agent shall direct; (2) ask or demand for, collect, and receive payment of and receipt for, any and all moneys, claims and other amounts due or to become due at any time in respect of or arising out of any Collateral; (3) sign and indorse any invoices, freight or express bills, bills of lading, storage or warehouse receipts, drafts against debtors, assignments, verifications, notices and other documents in connection with any of the Collateral; (4) commence and prosecute any suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect the Collateral or any portion thereof and to enforce any other right in respect of any Collateral; (5) defend any suit, action or proceeding brought against such Grantor with respect to any Collateral; (6) settle, compromise or adjust any such suit, action or proceeding and, in connection therewith, give such discharges or releases as the Collateral Agent may deem appropriate; (7) assign any Copyright, Patent or Trademark (along with the goodwill of the business to which any such Copyright, Patent or Trademark pertains), throughout the world for such term or terms, on such conditions, and in such manner, as the Collateral Agent shall in its sole discretion determine; and (8) generally, sell, transfer, pledge and make any agreement with respect to or otherwise deal with any of the Collateral as fully and completely as though the Collateral Agent were the absolute owner thereof for all purposes, and do, at the Collateral Agent\u2019s option and such Grantor\u2019s expense, at any time, or from time to time, all acts and things which the Collateral Agent deems necessary to protect, preserve or realize upon the Collateral and the Collateral Agent\u2019s and the Secured Parties\u2019 security interests therein and to effect the intent of this Agreement, all as fully and effectively as such Grantor might do. Anything in this Section 7.1(a) to the contrary notwithstanding, the Collateral Agent agrees that it will not exercise any rights under the power of attorney provided for in this Section 7.1(a) unless an Event of Default shall have occurred and be continuing.\n(b) If any Grantor fails to perform or comply with any of its agreements contained herein, the Collateral Agent, at its option, but without any obligation so to do, may perform or comply, or otherwise cause performance or compliance, with such agreement.\n(c) The reasonable expenses of the Collateral Agent incurred in connection with actions undertaken as provided in this Section 7.1, together with interest thereon at a rate per annum equal to the highest rate per annum at which interest would then be payable on any past due Term Loans under the Credit Agreement, from the date of payment by the Collateral Agent to the date reimbursed by the relevant Grantor, shall be payable by such Grantor to the Collateral Agent immediately upon demand.\n(d) Each Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until this Agreement is terminated and the security interests created hereby are released.", "snippet_links": [{"key": "appointment-as-attorney", "type": "clause", "offset": [23, 46]}, {"key": "power-of-substitution", "type": "clause", "offset": [187, 208]}, {"key": "true-and-lawful-attorney", "type": "clause", "offset": [217, 241]}, {"key": "power-and-authority", "type": "clause", "offset": [272, 291]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [383, 401]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [419, 442]}, {"key": "the-last-sentence", "type": "clause", "offset": [455, 472]}, {"key": "section-71", "type": "clause", "offset": [481, 492]}, {"key": "appropriate-action", "type": "clause", "offset": [517, 535]}, {"key": "documents-and-instruments", "type": "clause", "offset": [563, 588]}, {"key": "the-purposes-of-this-agreement", "type": "clause", "offset": [639, 669]}, {"key": "without-limiting-the-generality-of-the-foregoing", "type": "clause", "offset": [676, 724]}, {"key": "on-behalf-of", "type": "definition", "offset": [794, 806]}, {"key": "without-notice-to", "type": "clause", "offset": [821, 838]}, {"key": "possession-of", "type": "clause", "offset": [969, 982]}, {"key": "other-instruments", "type": "definition", "offset": [1049, 1066]}, {"key": "moneys-due", "type": "clause", "offset": [1086, 1096]}, {"key": "with-respect-to", "type": "clause", "offset": [1119, 1134]}, {"key": "other-collateral", "type": "definition", "offset": [1139, 1155]}, {"key": "action-or-proceeding", "type": "clause", "offset": [1193, 1213]}, {"key": "court-of-law", "type": "clause", "offset": [1221, 1233]}, {"key": "in-the-case", "type": "clause", "offset": [1440, 1451]}, {"key": "execute-and-deliver", "type": "clause", "offset": [1482, 1501]}, {"key": "all-agreements", "type": "clause", "offset": [1530, 1544]}, {"key": "lender-may", "type": "definition", "offset": [1611, 1621]}, {"key": "the-secured-parties", "type": "clause", "offset": [1669, 1688]}, {"key": "intellectual-property-and", "type": "clause", "offset": [1716, 1741]}, {"key": "general-intangibles", "type": "definition", "offset": [1759, 1778]}, {"key": "taxes-and-liens", "type": "clause", "offset": [1859, 1874]}, {"key": "the-credit-agreement", "type": "clause", "offset": [1996, 2016]}, {"key": "in-connection-with", "type": "clause", "offset": [2103, 2121]}, {"key": "conveyance-or-transfer", "type": "clause", "offset": [2222, 2244]}, {"key": "party-liable", "type": "definition", "offset": [2296, 2308]}, {"key": "make-payment", "type": "definition", "offset": [2356, 2368]}, {"key": "agent-shall", "type": "definition", "offset": [2477, 2488]}, {"key": "other-amounts-due", "type": "clause", "offset": [2600, 2617]}, {"key": "at-any-time", "type": "clause", "offset": [2635, 2646]}, {"key": "in-respect-of", "type": "definition", "offset": 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"from-time-to-time", "type": "clause", "offset": [4049, 4066]}, {"key": "intent-of-this-agreement", "type": "clause", "offset": [4280, 4304]}, {"key": "agent-agrees", "type": "clause", "offset": [4441, 4453]}, {"key": "the-power-of-attorney", "type": "clause", "offset": [4497, 4518]}, {"key": "default-shall", "type": "definition", "offset": [4574, 4587]}, {"key": "comply-with", "type": "definition", "offset": [4660, 4671]}, {"key": "expenses-of-the-collateral-agent", "type": "clause", "offset": [4895, 4927]}, {"key": "with-interest", "type": "definition", "offset": [5017, 5030]}, {"key": "per-annum", "type": "definition", "offset": [5049, 5058]}, {"key": "equal-to", "type": "definition", "offset": [5059, 5067]}, {"key": "highest-rate", "type": "definition", "offset": [5072, 5084]}, {"key": "past-due", "type": "definition", "offset": [5142, 5150]}, {"key": "term-loans", "type": "definition", "offset": [5151, 5161]}, {"key": "payment-by-the", "type": "clause", "offset": [5207, 5221]}, {"key": "the-relevant", "type": "clause", "offset": [5265, 5277]}, {"key": "upon-demand", "type": "clause", "offset": [5356, 5367]}, {"key": "in-this-agreement", "type": "clause", "offset": [5532, 5549]}, {"key": "coupled-with-an-interest", "type": "clause", "offset": [5554, 5578]}, {"key": "the-security-interests", "type": "clause", "offset": [5638, 5660]}], "hash": "f737852f95a6bfe738d82c17df8b0a8b", "id": 6}, {"samples": [{"hash": "8epccsPWAii", "uri": "/contracts/8epccsPWAii#the-collateral-agent", "label": "Term Loan Security Agreement (AerCap Holdings N.V.)", "score": 33.2409324646, "published": true}, {"hash": "cbMpetCrgeV", "uri": "/contracts/cbMpetCrgeV#the-collateral-agent", "label": "Aircraft Mortgage and Security Agreement (Fly Leasing LTD)", "score": 31.8665294647, "published": true}, {"hash": "7O15YuBKIZR", "uri": "/contracts/7O15YuBKIZR#the-collateral-agent", "label": "Term Loan Security Agreement", "score": 31.3408622742, "published": true}], "size": 18, "snippet": "The Collateral Agent and the Secured Parties agree among themselves as follows:", "snippet_links": [{"key": "the-secured-parties", "type": "clause", "offset": [25, 44]}], "hash": "66a0b27eeb70a0660feb63956e1ecc45", "id": 9}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih10aGUtY29sbGF0ZXJhbC1hZ2VudCMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"children": [["authority-of-collateral-agent", "Authority of Collateral Agent"], ["duty-of-collateral-agent", "Duty of Collateral Agent"], ["collateral-agents-appointment-as-attorney-in-fact-etc", "Collateral Agent\u2019s Appointment as Attorney-in-Fact, etc"], ["reliance-by-collateral-agent", "Reliance by Collateral Agent"], ["delegation-of-duties", "Delegation of Duties"]], "size": 1757, "title": "The Collateral Agent", "parents": [["miscellaneous", "Miscellaneous"], ["the-agents", "The Agents"], ["reinstatement", "Reinstatement"], ["governing-law", "Governing Law"], ["collateral-and-security", "Collateral and Security"]], "id": "the-collateral-agent", "related": [["the-collateral-agents-duties", "The Collateral Agent\u2019s Duties", "<strong>The Collateral Agent</strong>\u2019s Duties"], ["rights-of-the-collateral-agent", "Rights of the Collateral Agent", "Rights of <strong>the Collateral Agent</strong>"], ["collateral-agent", "Collateral Agent", "Collateral Agent"], ["to-induce-collateral-agent", "To induce Collateral Agent", "To induce Collateral Agent"], ["concerning-collateral-agent", "Concerning Collateral Agent", "Concerning Collateral Agent"]], "related_snippets": [], "updated": "2026-05-07T05:32:46+00:00", "also_ask": ["What are the essential powers and duties that must be expressly granted to the Collateral Agent?", "How can parties negotiate limitations on the Collateral Agent\u2019s liability and discretion?", "What are the most common legal pitfalls or ambiguities in Collateral Agent clauses?", "How do courts typically interpret the Collateral Agent\u2019s authority in enforcement actions?", "How does this clause compare to market standards in syndicated lending or secured transactions?"], "drafting_tip": "Specify the Collateral Agent\u2019s powers and duties to prevent role confusion; identify appointment and removal procedures to ensure continuity; clarify liability limitations to manage risk exposure.", "explanation": "The \"Collateral Agent\" clause defines the role and authority of a designated party responsible for holding and managing collateral on behalf of secured parties in a financing arrangement. Typically, this agent acts as an intermediary, ensuring that collateral is properly maintained, enforcing security interests if necessary, and distributing proceeds in accordance with the agreement. This clause is essential for streamlining the administration of collateral, providing a single point of contact, and ensuring that the interests of all secured parties are protected and managed efficiently."}, "json": true, "cursor": ""}}