Collateral and Paying Agent definition
Examples of Collateral and Paying Agent in a sentence
The Company may direct the Collateral and Paying Agent under the Collateral Agency and Paying Agreement to act on its behalf with respect to this Section 13.3 other than with respect to the execution of Notes or the Collateral Agency and Paying Agreement may so provide.
Any transferee, by its acceptance of a Note registered in its name (or the name of its nominee), shall be deemed to have made the representation set forth in Section 6.1. The Company may direct the Collateral and Paying Agent under the Collateral Agency and Paying Agreement to act on its behalf with respect to this Section 13.2 other than with respect to the execution of Notes or the Collateral Agency and Paying Agreement may so provide.
The Company may direct the Collateral and Paying Agent under the Collateral Agency and Paying Agreement to undertake the obligation of the Company contained in this Section 13.1 or the Collateral Agency and Paying Agreement may so provide.
This Guaranty shall be binding upon Guarantor and Guarantor’s successors and assigns; provided, however, that Guarantor may not, without the prior written consent of the Collateral and Paying Agent in each instance, assign or delegate any of its rights, powers, duties or obligations hereunder, and any attempted assignment or delegation made without the Lender Parties’ prior written consent shall be void ab initio and of no force or effect.
Upon recording with and payment of recording fees to the Lake County Recorder of Deeds, the Collateral and Paying Agent, as agent, for the Purchasers, will have a fully perfected first priority Lien on the Property subject only to Liens permitted under Section 10.7 of this Agreement.
The Mortgages are effective to grant to the Collateral and Paying Agent, as agent on behalf of the Purchasers, a legal, valid and enforceable first mortgage Lien on the Property.
Part-time employees shall accrue sick leave on a pro-rated basis.
The Assignments of Leases and Rents are effective to assign to the Collateral and Paying Agent, on behalf of the holders of the Notes, the rights of the Company and the payments due to the Company under the Leases.
Tenant's Lease payments will be paid directly to the Collateral and Paying Agent, who will, pursuant to the Collateral Agency and Paying Agreement, make payments on the Notes to the holders of the Notes.
The Assignment of Leases and Rents is effective to assign to the Collateral and Paying Agent, on behalf of the holders of the Notes, the rights of the Company and the payments due to the Company under the Lease.