Sub-Collateral Agent definition

Sub-Collateral Agent has the meaning assigned to such term in Section 2.04(d)(iii).

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Sub-Collateral Agent means any sub-collateral agent of the Collateral Agent appointed by the Collateral Agent pursuant to this Agreement, any other Security Document, or any Secured Transaction Document to which it is a party, in each case, that has not been removed by the Collateral Agent or resigned as sub-collateral agent. On the Effective Date, the Sub-Collateral Agents include MUFG in its capacity as the LC Facility Agent and ▇▇▇▇.

Sub-Collateral Agent means a sub-collateral agent appointed by the Joint Collateral Agent pursuant to Section 9 of the Intercreditor Agreement, including without limitation UBS AG, Stamford Branch in its capacity as sub-collateral agent under the Sub-Collateral Agent Pledge and Security Agreement.

Examples of Sub-Collateral Agent in a sentence

• The Trustee and the Collateral Agent shall have no liability with respect to any action or inaction taken by or with respect to any Sub-Collateral Agent (as defined in the Security Agreement).

• Neither the Company nor any of its Restricted Subsidiaries shall grant to any Person, or permit any Person to retain (other than the Collateral Agent or a Sub-Collateral Agent), any interest whatsoever in the Collateral other than Permitted Liens.

• The BLM Sub-Collateral Agent shall act at the direction of the Collateral Agent and shall have no liability to Holdings, the Borrower, any Lender or any of their Related Persons for any actions taken by it in accordance with such direction.

• The Trustee shall have no liability with respect to any action or inaction taken by or with respect to any Sub-Collateral Agent (as defined in the Security Agreement).

• If requested in writing by the Company or any applicable Guarantor, the Collateral Agent or the Sub-Collateral Agent shall execute and deliver such documents, instruments or statements and to take such other action as the Company or such other Pledgor may reasonably request to evidence or confirm that the Collateral falling under this Section 12.04 has been released from the Lien of each of the Collateral Agreements.

• In no event shall the Collateral Agent or any of its co-agents, sub-agents and attorneys-in-fact, including, without limitation, any Sub-Collateral Agent, be required to take any action that exposes it to personal liability, to expend or risk its own funds or otherwise incur any liability for which it is not indemnified to its satisfaction or to take any action that is contrary to this Agreement or any applicable law.

• None of the provisions of this Collateral Agency Agreement shall require the Sub-Collateral Agent to expend its own funds or otherwise incur financial liability in the performance of any of its duties or in the exercise of any of its rights and powers.

• If the Collateral Agent or any of its co-agents, sub-agents and attorneys-in-fact, including, without limitation, any Sub-Collateral Agent, shall request any instructions, it shall be entitled to refrain from such act or taking such action unless and until it shall have received instructions from the applicable Controlling Agent, and it shall not incur liability to any Person by reason of so refraining.

• Neither the Administrative Agent, the Collateral Agent nor the Sub-Collateral Agent shall incur any liability as a result of any private sale of the Collateral.

• The Collateral Agent, each Sub-Collateral Agent and each Senior Secured Party Representative may rely conclusively, and shall be fully protected in so relying, on any determination made by it in accordance with the provisions of the preceding sentence (or as otherwise directed by a court of competent jurisdiction) and shall have no liability to the Company, any Secured Parties or any other Person as a result of such determination.

More Definitions of Sub-Collateral Agent

Sub-Collateral Agent means CIBC Mellon Trust Company or its successor as permitted under the Collateral Agency Agreement.

Sub-Collateral Agent shall have the meaning assigned such term in Section 9.5.

Sub-Collateral Agent means MUFG Bank, Ltd. in its capacity as a sub-collateral agent of the Collateral Agent under this Agreement, the Collateral Agency Agreement and the other Credit Documents to which it is a party.

Sub-Collateral Agent has the meaning assigned to that term in the introductory paragraph hereof.

Sub-Collateral Agent has the meaning given to such term in the Collateral Agency Agreement.