Collateral Agent definition
Examples of Collateral Agent in a sentence
If an Event of Default has occurred and is continuing at the time of such direction, the Collateral Agent, if so directed by the Requisite Lenders, shall disregard such direction.
With respect to each Loan transferred hereunder as part of the Conveyed Assets, within the time period required for delivery thereof under the Credit Agreement, the Seller shall deliver, or cause to be delivered, copies (or originals, if required by the definition of Required Loan Documents) of the Required Loan Documents to the Collateral Agent.
Each of the Seller and the Purchaser hereby authorizes the Collateral Manager and the Collateral Agent to prepare and file such UCC financing statements (including but not limited to amendment, renewal, continuation or in lieu statements) and amendments or supplements thereto or other instruments as the Collateral Manager or the Collateral Agent may from time to time deem necessary or appropriate in order to perfect and maintain the security interests granted hereunder in accordance with the UCC.
The parties hereto acknowledge and agree that the Collateral Agent for the benefit of the Secured Parties is a third party beneficiary of such representations, warranties and covenants.
The Borrower and its Subsidiaries (i) are not engaged, and have no intention to engage, in any activity in violation of the Outbound Investment Rules, and (ii) are not engaged in any activity that would cause the Administrative Agent, Collateral Agent or any Lender (x) to be in violation of the Outbound Investment Rules (y) to be legally prohibited by the Outbound Investment Rules from performing under this Agreement.