CP Facility Agent definition
Examples of CP Facility Agent in a sentence
Each of the Warehouse Facility Agent and the Warehouse Lenders hereby agrees that it shall not contest or challenge, or join any other Person in contesting or challenging, the validity, enforceability, priority or perfection of the security interest of the CP Facility Agent and the CP Lenders in the "Collateral Proceeds" under and as defined in the Loan Agreement.
If the Warehouse Termination Date shall occur prior to the CP Termination Date, then the Collateral Agent shall, from the date of the Warehouse Termination Date, hold the Cash and Collateral Account for the benefit of the CP Facility Agent and the Lenders.
In the event of a Default or Event of Default under the CP Facility, or an Event of Default under the Warehouse Facility, the Servicer agrees, upon the written request of the Warehouse Facility Agent or the CP Facility Agent, as applicable, to notify all Take-Out Investors in writing to redirect their payments to a segregated account identified by the Warehouse Facility Agent (in the case of the Warehouse Facility) or the Collection Account (in the case of the CP Facility).
The Collateral Agent has been appointed by the CP Facility Agent as collateral agent to hold, maintain and administer all Collateral owned by PFI and pledged to the CP Facility Agent under the CP Facility, pursuant to the Amended and Restated Collateral Agency Agreement, dated as of the date hereof, among PFI, the CP Facility Agent and the Collateral Agent (the "CP Collateral Agreement").
Other than as described in the preceding sentence and notwithstanding any other provision of this Agreement, the Collateral Agent shall have no right to take any action in respect of the funds on deposit from time to time in the Cash and Collateral Account other than as authorized by the Warehouse Facility Agent or the CP Facility Agent pursuant to the terms of this Agreement.
As such, each of PMC, PMI, the Collateral Agent, the Warehouse Facility Agent, the CP Facility Agent and the Account Bank hereby agrees that the Account Bank will comply with instructions originated by the Collateral Agent directing the disposition of funds in the Cash and Collateral Account from time to time without further consent of PMC or PFI.
Each of the CP Facility Agent and CP Lenders hereby agrees that it shall not contest or challenge, or join any other Person in contesting or challenging, the validity, enforceability, priority or perfection of the security interest of the Warehouse Facility Agent and the Warehouse Lenders in the "Collateral" under and as defined in the Warehouse Agreement.
There are no Contracts relating to the rights of any PBI Company to vote or to dispose of any shares of the capital stock of any PBI Subsidiary.
In order to finance its purchases of Mortgage Assets from PMC, PFI has entered into a Restated and Amended Loan Agreement (the "Loan Agreement") with the CP Facility Agent, PMC, as Servicer, the CP Lenders named in such Loan Agreement, and certain other parties named therein.
The Collection Account and any amounts from time to time on deposit therein shall be held in trust for the benefit of the CP Facility Agent and the CP Lenders, until the CP Termination Date, and thereafter shall be held in trust for the benefit of PFI.