Collateral Control Agreement definition

Collateral Control Agreement means a tri-party agreement in form and substance satisfactory to the Agent, in its Permitted Discretion, among the Agent, a Borrower and a customs broker, freight forwarder or other carrier, in which the customs broker, freight forwarder or other carrier acknowledges that it has control over and holds the documents evidencing ownership of the subject Inventory for the benefit of the Agent and agrees, upon notice from the Agent following the occurrence and during the continuance of an Event of Default, to hold and dispose of the subject Inventory solely as directed by the Agent.

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Collateral Control Agreement means a tri-party agreement in form and substance satisfactory to the Collateral Agent, in its Permitted Discretion, among the Collateral Agent, a Borrower and a customs broker, freight forwarder or other carrier, in which the customs broker, freight forwarder or other carrier acknowledges that it has control over and holds the documents evidencing ownership of the subject Inventory for the benefit of the Collateral Agent and agrees, upon notice from the Collateral Agent following the occurrence and during the continuance of an Event of Default, to hold and dispose of the subject Inventory solely as directed by the Collateral Agent.

Collateral Control Agreement means the Collateral Control Agreement in the form attached hereto as Exhibit “E.”

Examples of Collateral Control Agreement in a sentence

The Administrative Agent shall hold each such Contract for the exclusive benefit of the Secured Parties and shall make disposition thereof only in accordance with this Agreement or the Electronic Collateral Control Agreement or otherwise pursuant to written instructions furnished by the Required Lenders.
The Administrative Agent shall not provide any Person other than the Required Lenders with any right to control the actions of the Administrative Agent under the Electronic Collateral Control Agreement, or any consent or approval rights in respect of the Electronic Collateral Control Agreement or any rights thereunder or any provisions thereof, or permit any other Person to direct the Servicer to take or refrain from taking any action, in each case, which could affect the Contracts.
Pursuant to Section 4.3 of the Electronic Collateral Control Agreement, the Borrower acknowledges that the Securitization and the transfer of eContracts (as defined in the Electronic Collateral Control Agreement) to the Securitization is permitted under the Credit Agreement, the 2021-1C SUBI Security Agreement and the Basic Documents.
The parties hereto acknowledge that the Custodian has no liability under an E-Vault Access Agreement and has only the duties and obligations of the Custodian specified hereunder or expressly set forth in the Electronic Collateral Control Agreement.
Lender acknowledges receipt of a copy of the Collateral Control Agreement and understands that it contains legal terms directly applicable to whether, and to what extent, Lender will be protected upon the occurrence of an Event of Default by the Borrower, as set out in this Agreement.
The Custodian shall not Transfer or Export any Electronic Contract that constitutes or evidences a Receivable except in accordance with the terms hereof and the Electronic Collateral Control Agreement and shall not destroy any Electronic Contract that constitutes or evidences a Receivable.
Each E-Vault Access Agreement provides the Custodian a right to use the E-Vault System and exclusive access to the Warehouse Vault Partition (except to the extent otherwise expressly set forth herein or in the Electronic Collateral Control Agreement) and the terms thereof are sufficient to permit the Custodian to perform its duties and obligations hereunder and under each Electronic Collateral Control Agreement.
Debtor will cooperate with Secured Party in obtaining a Collateral Control Agreement in form and substance satisfactory to Secured Party with respect to Collateral in the custody of any third party.
Borrower has not assigned, conveyed or otherwise transferred any of its rights to the Collateral to any Person, except pursuant to this Agreement and the Collateral Control Agreement.
Lender acknowledges that the Collateral Control Agreement contains rights, obligations and limitations directly relevant to Lender including instances in which ▇▇▇▇▇▇’s recourse will be determined by the vote of the Majority Lenders (as defined in the Collateral Trust Agreement).

More Definitions of Collateral Control Agreement

Collateral Control Agreement means the Collateral Control Agreement in the form attached hereto as Exhibit "E."

Collateral Control Agreement means the Amended and Restated Collateral Control Agreement in the form attached hereto as Exhibit "E."

Collateral Control Agreement means either (i) the Electronic Collateral Control Agreement dated on or about the date hereof among the Custodian, the Borrower, the Collateral Trustee and the Administrative Agent, or (ii) any replacement Collateral Control Agreement with a successor Custodian, subject to the satisfaction of the terms set forth in the proviso to the definition of “Custodian” herein set forth.

Collateral Control Agreement means one or more Collateral Control Agreements with third parties substantially in the form and content set forth on Exhibit A.

Collateral Control Agreement. F" -- Pension Plans "G" -- Subsidiary Guaranty "H" -- Negative Pledge Agreement

Collateral Control Agreement means that certain Collateral Pledge and Security Agreement and Control Agreement, dated as of even date herewith, entered into by and among the Bank, the Borrower and the Securities Intermediary.