Examples of Collateral Agent in a sentence
The Bank has also not provided any guarantee that a bankruptcy of the Collateral Agent will not affect the Collateral.
The provisions of the Security Documents are effective to create in favor of the Collateral Agent for the benefit of the Secured Parties a legal, valid and enforceable first priority Lien (subject to Liens permitted by Section 6.02) on all right, title and interest of the respective Obligors in the Collateral described therein to secure the Secured Obligations, except for any failure that would not constitute an Event of Default under Section 7.01(p).
The Administrative Agent shall have received evidence of the payment by the Borrower of all fees due and payable to the Lenders, the Administrative Agent, the Collateral Agent and the Lead Arranger on or prior to the Effective Date that the Borrower has agreed to pay in connection with this Agreement.
On January 30, 2024, Surpique Acquisition, Farfetch US Holdings, Inc., GLAS USA LLC (as successor in interest to JPMorgan Chase Bank, N.A.) as Administrative Agent, Wilmington Trust, National Association, as Collateral Agent and the lenders party thereto entered into the Fifth Amendment to Credit Agreement, Accession and Fee Agreement (the “Fifth Amendment”), which amends the Credit Agreement (as amended by the Fifth Amendment, the “Amended Credit Agreement”).
The Collateral is provided by End Borrowers and held by the Bank through the Collateral Agent for the account of the Client.