U.S. Collateral definition
Examples of U.S. Collateral in a sentence
This Section is not for the benefit of or enforceable by any US Obligor, and no US Obligor has any right to direct the application of payments or US Collateral proceeds subject to this Section.
Agent may from time to time adjust such report in its Permitted Discretion (a) to reflect Agent's reasonable estimate of declines in value of any US Collateral, due to collections received in any Dominion Account or otherwise; (b) to adjust #530954217_v1 advance rates to reflect changes in dilution, quality, mix and other factors affecting the US Collateral; and (c) to the extent any information or calculation does not comply with this Agreement or does not accurately reflect the US Availability Reserve.
The Lien on US Collateral granted hereunder is given as security only and shall not subject Agent or any Lender to, or in any way modify, any obligation or liability of Obligors relating to any Collateral.
Each US Incorporated Obligor irrevocably authorizes and directs each securities intermediary or other Person with which any securities account or similar investment property is maintained, if any, upon written instruction of the Agent (with a copy to the Borrower Agent), to dispose of such US Collateral at the direction of the Agent and comply with the instructions originated by Agent without further consent of any Obligor.
Subject to the Intercreditor Agreement, all certificates representing or evidencing any Investment Property or Equity Interests constituting US Collateral hereunder, shall be delivered to and held by or on behalf of #530954217_v1 Agent, shall be in suitable form for further transfer by delivery, and shall be accompanied by all instruments of transfer or assignment requested by Agent, duly executed in blank and in form and substance acceptable to Agent.