Collateral Management Agreement definition
Examples of Collateral Management Agreement in a sentence
In the event of any such contract, the performance of such actions and obligations by such Persons shall be deemed to be performance of such actions and obligations by the relevant Borrower Entities; and the Borrower will punctually perform, and use its commercially reasonable efforts to cause the Collateral Manager or such other Person to perform, all of their obligations and agreements contained in the Collateral Management Agreement, the Collateral Administration Agreement or such other agreement.
The Borrower shall perform, and use its commercially reasonable efforts to cause the Collateral Manager and such other Person to perform in all material respects, all of their obligations and agreements contained in the Collateral Management Agreement, this Agreement or any such other agreement.
The Borrower hereby acknowledges that the Facility Agent is an express third party beneficiary of the Collateral Management Agreement and the Borrower shall not pledge, transfer or otherwise assign the Collateral Management Agreement to any other party without the written consent of the Facility Agent.
Following the occurrence and continuation of an Event of Default or the occurrence and continuation of “Cause” under the Collateral Management Agreement (and after the application of any cure or grace periods), the Collateral Manager shall obtain the written consent of the Requisite Lenders before acting on behalf of, or otherwise directing, any Borrower Entity, the Collateral Agent or any other person in connection with a sale of Collateral Obligations pursuant to any provision of this Agreement.