Collateral Documents definition
Examples of Collateral Documents in a sentence
Each Secured Party hereby further authorizes the Administrative Agent or the Collateral Agent, as applicable, on behalf of and for the benefit of the Secured Parties, to be the agent for and representative of the Secured Parties with respect to the Guaranty, the Collateral and the Collateral Documents.
The Loan Agent shall not have any duties or responsibilities except those expressly set forth in this Agreement and the other Collateral Documents.
Each of the Lenders and each Issuing Lender hereby irrevocably appoints the Collateral Trustee as its collateral trustee hereunder and under the Collateral Documents and authorizes the Collateral Trustee to take such actions on its behalf and to exercise such powers as are delegated to the Collateral Trustee by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto.
After any retiring Collateral Agent’s resignation hereunder as the Collateral Agent, the provisions of this Agreement and the Collateral Documents shall inure to its benefit as to any actions taken or omitted to be taken by it under this Agreement or the Collateral Documents while it was the Collateral Agent hereunder.
The Borrower reaffirms the grant of Liens on the Collateral to secure the Obligations (including the Obligations under the Revolving Loans incurred pursuant to this Agreement) pursuant to the Collateral Documents.