Examples of Australian Collateral in a sentence
Such deposits shall be held by the U.S. Collateral Agent, the Canadian Collateral Agent or the Australian Collateral Agent, as the case may be, as collateral for the payment and performance of the Obligations.
In this regard, each party hereto acknowledges that (i) Xxxxxx & Xxxxxxx LLP is acting in this transaction as special counsel to the Administrative Agent and U.S. Collateral Agent only, (ii) Xxxxxx Xxxxxx Xxxxxxx LLP is acting in this transaction as special counsel to the Canadian Administrative Agent and Canadian Collateral Agent only and (iii) Xxxxxx Xxxxx Xxxxxxx is acting in this transaction as special counsel to the Australian Administrative Agent and Australian Collateral Agent only.
Each of the Lenders and the Issuing Banks hereby irrevocably appoints RBC Europe to act on its behalf as the Australian Administrative Agent and Australian Collateral Agent hereunder and under the other Loan Documents.
Upon any such resignation, the Required Australian Lenders shall have the right to appoint, on behalf of the Australian Borrower and the Lenders, a successor Australian Administrative Agent or Australian Collateral Agent, which shall be a financial institution with an office in New York City.