Agency definition
Examples of Agency in a sentence
Any certificates or instruments representing or evidencing Collateral shall be delivered to and held by or on behalf of the Collateral Agent for the benefit of the Secured Parties pursuant hereto and to the Collateral Agency Agreement and be in suitable form for transfer by delivery or accompanied by duly executed instruments of transfer or assignment in blank, all in form reasonably satisfactory to the Collateral Agent and in form and substance reasonably satisfactory to the Bank.
There is no existing agreement, option, right or privilege capable of becoming an agreement or option pursuant to which Pledgor would be required to sell or otherwise dispose of any Equity Interest, except as described in the Collateral Agency Agreement.
Upon the payment in full of the Secured Obligations and the other Secured Obligations (as defined in the Collateral Agency Agreement), Pledgor will be entitled to the return, on its request and at its expense, of such Collateral as shall not have been disposed of.
Any surplus of such cash or cash proceeds held by the Collateral Agent and remaining after payment in full of all Secured Obligations and all other Secured Obligations (as defined in the Collateral Agency Agreement) shall be paid over to the Pledgor or to whomsoever may be lawfully entitled to receive such surplus.
For clarity, the rights of Lender in this Section 4.5 with respect to Collateral may be subject to the terms and conditions of the Collateral Agency Agreement.