Collateral Management Agreement definition
Examples of Collateral Management Agreement in a sentence
No Loan has been amended, modified or waived since the Effective Date or the related Funding Date, as the case may be, except for amendments, modifications or waivers, if any, to such Loan otherwise permitted under Section 4(c) of the Collateral Management Agreement and in accordance with the Collateral Management Standard.
From time to time at the discretion of the Administrative Agent, the Administrative Agent may review the Collateral Manager’s collection and administration of the Collateral in order to assess compliance by the Collateral Manager with the Collateral Management Agreement and may conduct an audit of the Collateral, the Underlying Instruments, and the information contained in the Borrowing Base Certificates and Payment Date Reports in conjunction with such a review.
Nothing in this Section 7.2 shall diminish the Collateral Manager’s obligations pursuant to Section 5 of the Collateral Management Agreement with respect to the Proceeds of any such Discretionary Sale, Substitution or a sale or repurchase of a Warranty Loan.
From time to time at the discretion of the Administrative Agent, the Administrative Agent may review the Collateral Manager’s collection and administration of the Collateral in order to assess compliance by the Collateral Manager with the Collateral Management Agreement and may conduct an audit of the Collateral, and Underlying Instruments in conjunction with such a review.
The Borrower shall promptly forward copies of the amended Collateral Management Agreement reflecting any changes thereto to the Collateral Custodian and to the Administrative Agent for distribution to the Lenders.