Joint Collateral Agent definition
Examples of Joint Collateral Agent in a sentence
The Joint Collateral Agents may perform any and all their duties and exercise their rights and powers by or through any one or more sub-agents appointed by either Joint Collateral Agent.
Upon the acceptance of its appointment as Sole Successor Collateral Agent, such Person shall succeed to and become vested with all the rights, powers, privileges, obligations and duties of the retiring (or retired) Joint Collateral Agents, and the retiring Joint Collateral Agent shall be discharged from the duties and obligations hereunder.
If in connection solely with such withdrawn Event of Default Notice, the Joint Collateral Agent shall have been directed to take, and shall have commenced taking but shall not have completed, any action, the Joint Collateral Agent shall promptly terminate or rescind any such action which relates to the Event of Default Notice that has been withdrawn.
The Grantors, jointly and severally, agree to pay or to reimburse the Joint Collateral Agent for any and all amounts in respect of all search, filing, recording and registration fees, taxes, excise taxes and other similar imposts which may be payable in respect of the execution, delivery, performance and enforcement of this Agreement or any Loan and Notes Security Document.
The obligations of each Grantor under this Section 5.04 shall survive the termination of this Agreement, the termination of the Collateral, the Discharge of the Loan and Notes Obligations, and the removal or resignation of the Joint Collateral Agent.