Collateral Manager definition
Examples of Collateral Manager in a sentence
The Collateral Manager and the Administrative Agent shall review and verify the contents of the aforesaid reports (including the Collateral Reports), instructions, statements and certificates.
Upon receipt of approval from the Collateral Manager and the Administrative Agent, the Collateral Administrator shall send such reports, instructions, statements and certificates to the Borrower and the Collateral Manager for execution.
The Collateral Manager shall promptly identify any Collections received as being on account of Interest Collections or Principal Collections and shall transfer, or cause to be transferred, all Collections received directly by it to the appropriate Account within two (2) Business Days after such Collections are received in accordance with Section 5.1(f).
Upon the transfer of Collections to the relevant Account, the Collateral Manager shall direct the Securities Intermediary to segregate Principal Collections and Interest Collections and transfer the same in accordance with Section 5.1(f).
The Collateral Manager is not the subject of any Insolvency Proceedings or Insolvency Event.