Examples of Note Lien Collateral Agent in a sentence
This Agreement shall be binding upon the successors and assigns of each Grantor and shall inure to the benefit of the Note Lien Collateral Agent and the other Secured Parties and their successors and assigns; provided that no Grantor may assign, transfer or delegate any of its rights or obligations under this Agreement without the prior written consent of the Note Lien Collateral Agent.
The Trustee and the Note Lien Collateral Agent shall be deemed to have exercised reasonable care in the custody of the Note Lien Collateral in its possession if the Note Lien Collateral is accorded treatment substantially equal to that which it accords its own property and shall not be liable or responsible for any loss or diminution in the value of any of the Note Lien Collateral, by reason of the act or omission of any carrier, forwarding agency or other agent or bailee.
All Proceeds of Collateral while held by the Note Lien Collateral Agent in a Collateral Account (or by such Grantor in trust for the Note Lien Collateral Agent and the other Secured Parties) shall continue to be held as collateral security for all the Issuer Obligations and shall not constitute payment thereof until applied as provided in Section 5.5.
Neither the Trustee nor the Note Lien Collateral Agent shall be responsible for the existence, genuineness or value of any of the Note Lien Collateral or for the validity, perfection, priority or enforceability of the Liens in any of the Note Lien Collateral or for insuring the Note Lien Collateral or for the payment of taxes, charges, assessments or Liens upon the Note Lien Collateral or otherwise as to the maintenance of the Note Lien Collateral.
Such Grantor has furnished to the Note Lien Collateral Agent a certified charter, certificate of incorporation or other organization document and long-form good standing certificate as of a date which is recent to the date hereof.
If an Enforcement Event shall occur and be continuing, the Note Lien Collateral Agent, on behalf of the other Secured Parties, may exercise, in addition to all other rights and remedies granted to them in this Agreement and in any other instrument or agreement securing, evidencing or relating to the Issuer Obligations, all rights and remedies of a secured party under the New York UCC or any other applicable law.
Each other Secured Party agrees promptly to notify the relevant Grantor and the Note Lien Collateral Agent after any such application made by such other Secured Party, provided that the failure to give such notice shall not affect the validity of such application.
Neither the Note Lien Collateral Agent nor any other Secured Party shall by any act (except by a written instrument pursuant to Section 7.1), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any Default or Event of Default.
Pursuant to any applicable law, each Grantor authorizes the Note Lien Collateral Agent to file or record financing statements and other filing or recording documents or instruments with respect to the Collateral without the signature of such Grantor in such form and in such offices as the Note Lien Collateral Agent determines appropriate to perfect the security interests of the Note Lien Collateral Agent under this Agreement.
Neither the Trustee nor the Note Lien Collateral Agent shall have a duty to act outside of the United States in respect of any Note Lien Collateral located in the jurisdiction other than the United States.