Examples of Collateral Document in a sentence
In the event the Borrower shall fail to make any payment or perform any act required to be performed hereunder, then and in each such case the District, the Trustee, any Credit Enhancer or the provider of any Collateral Document may (but shall not be obligated to) remedy such default for the account of the Borrower and make advances for that purpose.
The District, any Credit Enhancer, the provider of any Collateral Document and the Trustee shall have the right to enter the Project or the facility or facilities of which the Project is a part or any other facility which is a part of the Borrower's System in order to effectuate the purposes of this Section.
The Collateral Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Collateral Document in accordance with a request or consent of the Controlling Party and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Secured Parties.
The Company agrees to comply with all Obligations set forth in any Underlying Collateral Document relating to Acquired Property unless, in the opinion of the Company, complying with the Obligations under such Underlying Collateral Documents would not be in the best interest (in terms of maximizing the value of the Mortgage Loan) of the Company and the Initial Member.
The Collateral Agent shall be fully justified in failing or refusing to take any action under any Collateral Document unless it shall first receive such advice or concurrence of the Controlling Party as it deems appropriate.