Collateral Document definition
Examples of Collateral Document in a sentence
Each Domestic Borrower hereby waives any right to notice of a foreclosure under any Collateral Document, for the benefit of the Secured Parties, by the other Domestic Borrowers which secures any part or all of the Domestic Borrowers’ joint and several liability.
No Agent shall be responsible for making any representation as to the existence, genuineness, value or protection of any Collateral, for the legality, effectiveness or sufficiency of any Collateral Document, or for the creation, perfection, priority, sufficiency or protection of any Liens securing the Obligations.
In addition, to the extent required under the laws of any jurisdiction other than within the United States, each Lender and each Issuing Lender hereby grants to the Administrative Agent any required powers of attorney to execute and enforce any Collateral Document governed by the laws of such jurisdiction on such L▇▇▇▇▇’s or such Issuing L▇▇▇▇▇’s behalf.
In addition, to the extent required under the laws of any jurisdiction other than within the United States, each Lender and each Issuing Bank hereby grants to the Administrative Agent any required powers of attorney to execute and enforce any Collateral Document governed by the laws of such jurisdiction on such Lender’s or such Issuing Bank’s behalf.
Except to the extent that the Loan Parties are not required to perfect Liens in certain assets pursuant to the Collateral Documents or any other Loan Document, the Liens in the Collateral granted to the Collateral Agent for the benefit of the Secured Parties pursuant to any Collateral Document, subject to the actions described in the following sentence, constitute and will continue to constitute Prior Security Interests.