Examples of Term Collateral Agent in a sentence
Furthermore, at all times prior to the TL Credit Document Obligations Termination Date, the Collateral Agent is authorized by the parties hereto to effect transfers of TL Priority Collateral at any time in its possession (and any “control” or similar agreements with respect to TL Priority Collateral) to the Term Collateral Agent.
Unless and until the Discharge of Term Obligations has occurred, the Term Collateral Agent and the Term Secured Parties shall have the sole and exclusive right, subject to the rights of the Grantors under the Term Documents, to adjust settlement for any insurance policy covering the TL Priority Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding (or any deed in lieu of condemnation) in respect of the TL Priority Collateral.
No Lender shall have any right individually to realize upon any of the Collateral or to enforce any Guarantee of the Secured Obligations, it being understood and agreed that all powers, rights and remedies under the Loan Documents may be exercised solely by the Term Administrative Agent and Term Collateral Agent on behalf of the Lenders in accordance with the terms thereof.
The provisions of this Article are solely for the benefit of the Term Administrative Agent and the Term Collateral Agent, the Lenders, and the Borrower shall not have rights as a third party beneficiary of any of such provisions.
Hatchery Chinook salmon in the Imnaha River spawn significantly later and in predominantly downstream sections of the river compared to natural fish and the authors suggested that inadvertant hatchery selection for later spawn timing was responsible (Hoffnagle, et al.