Examples of Mortgage Collateral Agent in a sentence
Any Collateral Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Security Document by or through any one or more sub-agents, delegates or attorneys-in-fact appointed by such Collateral Agent and shall not be responsible for acts or omissions of any such sub-agents, delegates or attorneys-in-fact appointed by it with due care, including any person appointed as a Mortgage Collateral Agent.
It is agreed that if Collateral Agent should institute a suit for the foreclosure of this Mortgage, Collateral Agent may at any time before the entry of a final judgment in said suit dismiss the same, and require Trustee, its substitute or successor, to sell the Mortgaged Properties, or any part thereof, in accordance with the provisions of this Mortgage.
Lender shall advance to Borrower all of the proceeds under this Note in a single advance upon execution and delivery to Lender of each of the following documents in form and substance satisfactory to Lender (i) this Note, (ii) the Mortgage, (iii) the Note and Warrant Purchase Agreement, (iv) the Warrants, (v) the Voting Agreement, (vi) a letter agreement among Borrower, the Collateral Agent designated in the Mortgage ("Collateral Agent"), and Tetra Applied Technologies, Inc.
Upon assignment of this Mortgage, Collateral Agent shall have the right to pay over the balance of such amounts then in its possession to the assignee and Collateral Agent shall thereupon be completely released from all liability with respect to such amounts.