Collateral Servicer definition
Examples of Collateral Servicer in a sentence
The Collateral Servicer may decline to make a particular investment for the Issuer in view of such relationships.
The Collateral Servicer will be free, in its sole discretion, to make recommendations to others, or effect transactions on behalf of itself or for others, which may be the same as or different from those effected with respect to the Assets.
Not later than 10 Business Days (or, if in connection with a Refinancing, 5 Business Days) prior to the execution of any proposed amendment, the Loan Agent, at the request and expense of the Borrower, shall deliver to the Lenders, the Collateral Trustee (who shall forward to the Holders of the Notes), the Collateral Servicer and the Rating Agency a copy of such amendment.
The Loan Agent shall provide a copy of any notice or written communication received from a Lender to the Collateral Trustee, the Borrower and the Collateral Servicer.
All computations of interest hereunder shall be made by the Calculation Agent (with reasonable assistance from the Collateral Servicer) in accordance with Section 2.4(b) hereof and Section 7.16 of the Indenture.
With respect to any amendment permitted by this Agreement the consent to which is expressly required from all or a Majority of each, or any specified, Class of Debt materially and adversely affected thereby, the Loan Agent and the Collateral Trustee shall be entitled to receive and conclusively rely upon an Opinion of Counsel or Officer’s certificate of the Collateral Servicer or the Borrower as to whether such amendment will have a material adverse effect on any Class of Debt.
The Loan Agent will provide to the Borrower, the Collateral Trustee or the Collateral Servicer a complete list of Lenders (other than a Lender that instructs the Loan Agent in writing otherwise) at any time upon receipt by the Loan Agent of written notice from the Borrower, the Collateral Trustee or the Collateral Servicer five (5) Business Days prior.
If the Loan Agent shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of the Loan Agent for any reason, the Borrower shall promptly appoint a Successor Agent by ▇▇▇▇▇▇▇▇ Order, one copy of which shall be delivered to each of the Collateral Trustee, the Successor Agent, each Lender and the Collateral Servicer; provided, that such Successor Loan Agent shall be appointed only upon the written consent of a Majority of the Lenders.
Under the Collateral Servicing Agreement, the Issuer will be obligated to pay or reimburse the Collateral Servicer for all reasonable costs and disbursements in connection with the perfection and the maintenance of perfection, as against all third parties, of the Issuer’s and the Collateral Trustee’s respective right, title and interest in and to the Conveyed Collateral (including, without limitation, the security interests provided for in the Indenture).
No recourse shall be had for the payment of any amount owing in respect of the Secured Loans against any member, shareholder, owner, employee, officer, director, manager, advisor, agent or incorporator or organizer of the Borrower or the Collateral Servicer or their respective successors or assigns for any amounts payable under the Secured Loans, this Agreement or the Indenture.