Collateral Management Agent definition
Examples of Collateral Management Agent in a sentence
The Company shall, within three (3) Business Days of demand, reimburse the retiring Facility Agent and/or Collateral Management Agent for the amount of all costs and expenses (including legal fees) properly incurred by it in making available such documents and records and providing such assistance.
The Company shall pay to the Facility Agent (for its own account) and the Collateral Management Agent (for its own account) agency fees in the amounts and at the times agreed in a Fee Letter.
In no event shall the Facility Agent or the Collateral Management Agent be liable for any loss of profits, goodwill, reputation, business opportunity or anticipated saving, or for special, punitive, indirect or consequential damages, whether or not the Facility Agent has been advised of the possibility of such loss or damages.
The Facility Agent, the Collateral Management Agent, the Co-Ordinator, the Documentation Bank and the Arranger may accept deposits from, lend money to and generally engage in any kind of banking or other business with any member of the Group.
The relevant Borrower shall make withdrawals (or allow amounts to be debited from the accounts) only after the Collateral Management Agent has confirmed that the provisions of this clause 25.5(a) have been satisfied in connection therewith.
Notwithstanding any provision of any Finance Document to the contrary, neither the Facility Agent nor the Collateral Management Agent is obliged to expend or risk its own funds or otherwise incur any financial liability in the performance of its duties, obligations or responsibilities or the exercise of any right, power, authority or discretion if it has grounds for believing the repayment of such funds or adequate indemnity against, or security for, such risk or liability is not reasonably assured to it.
If, at any time, any Deficient Borrowing Base Report is delivered to the Collateral Management Agent, the Company shall within seven (7) days of such delivery procure the cancellation of such Deficient Borrowing Base Report and its replacement by a Compliant Borrowing Base Report.
The relevant Borrower shall make withdrawals (or allow amounts to be debited from the accounts) only after the Collateral Management Agent has confirmed that the provisions of this clause 25.3(a) have been satisfied in connection therewith.
An amendment or waiver which relates to the rights or obligations of the Facility Agent, the Collateral Management Agent, the Co-Ordinator, the Documentation Bank, the Arrangers, the Security Agent or a TPA Counterparty (each in their capacity as such) may not be effected without the consent of the Facility Agent, the Collateral Management Agent, the Co-Ordinator, the Documentation Bank, the Arrangers, the Security Agent or, as the case may be, the TPA Counterparty.
Likewise, if the Administrative Agent is entitled to request additional information from any Loan Party with respect to a Collateral Matter, the Administrative Agent shall, if requested to do so by a Collateral Management Agent, submit to the Loan Parties, as applicable, any request requested by a Collateral Management Agent.