Collateral Agents definition
Examples of Collateral Agents in a sentence
The Offshore Collateral Agent shall not be liable for any losses, costs or expenses arising directly or indirectly from the Offshore Collateral Agent's reliance upon and compliance with such Instructions notwithstanding such directions conflict or are inconsistent with a subsequent written instruction.
If the Majority Lenders instruct the Administrative Agent to enforce the Security then the Administrative Agent shall in writing instruct the Collateral Agents accordingly.
If any other Finance Party, or any Obligor, as applicable, elects to give the Offshore Collateral Agent Instructions using Electronic Means and the Offshore Collateral Agent in its discretion elects to act upon such Instructions, the Offshore Collateral Agent's understanding of such Instructions shall be deemed controlling.
Other than Permitted Liens, no Person other than the Borrower, the Collateral Agents and the Administrative Agent for the benefit of the Finance Parties, has any right, title or interest in or to the Mining Claims and Leases in connection with the operation of the Project.
The Administrative Agent reserves the sole right to instruct the Collateral Agents to enforce, or otherwise deal with, the Security and to deal with the Obligors in connection therewith; provided, however, that the Administrative Agent shall so instruct the Collateral Agents to enforce, or otherwise deal with, the Security as the Majority Lenders shall instruct in accordance with Section 13.7.