OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE Sample Clauses

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 12 Section 3.1 Appointment and Undertaking of the Collateral Trustee 12 Section 3.2 Release or Subordination of Liens 13 Section 3.3 Enforcement of Liens 14 Section 3.4 Application of Proceeds 14 Section 3.5 Powers of the Collateral Trustee 15 Section 3.6 Documents and Communications 16 Section 3.7 For Sole and Exclusive Benefit of the Secured Parties 16 Section 3.8 Additional Secured Debt 16 Section 3.9 Hedging Obligations ARTICLE IV OBLIGATIONS ENFORCEABLE BY THE GRANTORS 18 Section 4.1 Release of Liens on Collateral 18 Section 4.2 Delivery of Copies to Secured Debt Representatives 20 Section 4.3 Preparing, Filing or Recording Release Documentation 20 Section 4.4 Satisfaction of Obligations in Respect of any Series of Secured Debt 20 ARTICLE V IMMUNITIES OF THE COLLATERAL TRUSTEE 21 Section 5.1 No Implied Duty 21 Section 5.2 Appointment of Agents and Advisors 21 Section 5.3 Other Agreements 21 Section 5.4 Solicitation of Instructions 22 Section 5.5 Limitation of Liability 22 Section 5.6 Documents in Satisfactory Form 22 Section 5.7 Entitled to Rely 23 Section 5.8 Secured Debt Default 23 Section 5.9 Actions by Collateral Trustee 23 Section 5.10 Security or Indemnity in favor of the Collateral Trustee 23 Section 5.11 Rights of the Collateral Trustee 23 Section 5.12 Limitations on Duty of Collateral Trustee in Respect of Collateral 24 Section 5.13 Assumption of Rights, Not Assumption of Duties 25 Section 5.14 No Liability for Clean-Up of Hazardous Materials 25 Section 5.15 Act of Required Secured Party, etc. 25 ARTICLE VI RESIGNATION AND REMOVAL OF THE COLLATERAL TRUSTEE 26 Section 6.1 Resignation or Removal of Collateral Trustee 26 Section 6.2 Appointment of Successor Collateral Trustee 26 Section 6.3 Succession 26 Section 6.4 Merger, Conversion or Consolidation of Collateral Trustee 27 ARTICLE VII MISCELLANEOUS PROVISIONS 27 Section 7.1 Amendment 27 Section 7.2 Voting 29 Section 7.3 Further Assurances 29 Section 7.4 Successors and Assigns 29 Section 7.5 Delay and Waiver 30 Section 7.6 Notices 30 Section 7.7 Notice Following Discharge of Secured Obligations 31 Section 7.8 Entire Agreement 31 Section 7.9 Compensation; Expenses 31 Section 7.10 Indemnity 32 Section 7.11 Severability 33 Section 7.12 Section Headings 33 Section 7.13 Obligations Secured 33 Section 7.14 Governing Law 33 Section 7.15 Consent to Jurisdiction; Service of Process 33 Section 7.16 WAIVER OF JURY TRIAL 34 Section 7.17 Counterparts 34 Section 7.18 Additional Grantors 34 Section 7.19 Cont...
Sample 1See All (7)
OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 22 SECTION 3.1 Undertaking of the Collateral Trustee......................................... 22 SECTION 3.2 Release or Subordination of Liens............................................. 23 SECTION 3.3
Sample 1See All (4)
OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. Section 3.1 Appointment and Undertaking of the Collateral Trustee 18 Section 3.2 Release or Subordination of Liens 20 Section 3.3 Enforcement of Liens 20 Section 3.4 Application of Proceeds 22 Section 3.5 Powers of the Collateral Trustee 24 Section 3.6 Documents and Communications 24 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 24 Section 3.8 Additional Parity Lien Debt 25 Section 3.9 Post-Petition Interest 27 Section 3.10 Reinstatement 27 ARTICLE 4 OBLIGATIONS ENFORCEABLE BY THE COMPANY AND THE OTHER GRANTORS Section 4.1 Release of Liens on Collateral 28 Section 4.2 Delivery of Copies to Parity Lien Representatives 30 Section 4.3 Collateral Trustee not Required to Serve, File or Record 30 Section 4.4 Release of Liens 30 ARTICLE 5
Sample 1
OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. SECTION 3.1 SECTION 3.2 SECTION 3.3 SECTION 3.4 SECTION 3.5 SECTION 3.6 SECTION 3.7 SECTION 3.8 Undertaking of the Collateral Trustee Release or Subordination of Liens Enforcement of Liens Application of Proceeds Powers of the Collateral Trustee Documents and Communications For Sole and Exclusive Benefit of Holders of Secured Obligations Additional Secured Debt
Sample 1
OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. SECTION 3.1 APPOINTMENT AND UNDERTAKING OF THE COLLATERAL TRUSTEE 14 SECTION 3.2 RELEASE OR SUBORDINATION OF LIENS 16 SECTION 3.3 ENFORCEMENT OF LIENS 16 SECTION 3.4 APPLICATION OF PROCEEDS 16 SECTION 3.5 POWERS OF THE COLLATERAL TRUSTEE 19 SECTION 3.6 DOCUMENTS AND COMMUNICATIONS 19 SECTION 3.7 FOR SOLE AND EXCLUSIVE BENEFIT OF HOLDERS OF PRIORITY LIEN OBLIGATIONS 19 SECTION 3.8 ADDITIONAL PARITY LIEN DEBT 19 SECTION 3.9 SECOND LIEN COLLATERAL AGENT 22 ARTICLE 4 OBLIGATIONS ENFORCEABLE BY THE COMPANY AND THE OTHER GRANTORS SECTION 4.1 RELEASE OF LIENS ON COLLATERAL 22 SECTION 4.2 DELIVERY OF COPIES TO PRIORITY LIEN REPRESENTATIVES 24 SECTION 4.3 COLLATERAL TRUSTEE NOT REQUIRED TO SERVE, FILE OR RECORD 24 SECTION 4.4 RELEASE OF LIENS IN RESPECT OF NOTES 24 SECTION 4.5 RELEASE OF LIENS IN RESPECT OF ANY SERIES OF PARITY LIEN DEBT OTHER THAN NOTES 25 ARTICLE 5 IMMUNITIES OF THE COLLATERAL TRUSTEE SECTION 5.1 NO IMPLIED DUTY 25 SECTION 5.2 APPOINTMENT OF AGENTS AND ADVISORS 25 SECTION 5.3 OTHER AGREEMENTS 25 SECTION 5.4 SOLICITATION OF INSTRUCTIONS 26 SECTION 5.5 LIMITATION OF LIABILITY 26 SECTION 5.6 DOCUMENTS IN SATISFACTORY FORM 26 SECTION 5.7 ENTITLED TO RELY 27 SECTION 5.8 PARITY LIEN DEBT DEFAULT 27 SECTION 5.9 ACTIONS BY COLLATERAL TRUSTEE 27 SECTION 5.10 SECURITY OR INDEMNITY IN FAVOR OF THE COLLATERAL TRUSTEE 27 SECTION 5.11 RIGHTS OF THE COLLATERAL TRUSTEE 28 SECTION 5.12 LIMITATIONS ON DUTY OF COLLATERAL TRUSTEE IN RESPECT OF COLLATERAL 28 SECTION 5.13 ASSUMPTION OF RIGHTS, NOT ASSUMPTION OF DUTIES 29 SECTION 5.14 NO LIABILITY FOR CLEAN UP OF HAZARDOUS MATERIALS 29 SECTION 5.15 OTHER RELATIONSHIPS WITH THE COMPANY, GRANTORS OR GUARANTORS 29 ARTICLE 6 RESIGNATION AND REMOVAL OF THE COLLATERAL TRUSTEE SECTION 6.1 RESIGNATION OR REMOVAL OF COLLATERAL TRUSTEE 30 SECTION 6.2 APPOINTMENT OF SUCCESSOR COLLATERAL TRUSTEE 30 SECTION 6.3 SUCCESSION 31 SECTION 6.4 MERGER, CONVERSION OR CONSOLIDATION OF COLLATERAL TRUSTEE 31 SECTION 6.5 CONCERNING THE COLLATERAL TRUSTEE AND THE PARITY LIEN REPRESENTATIVES 31 ARTICLE 7 MISCELLANEOUS PROVISIONS SECTION 7.1 AMENDMENT 32 SECTION 7.2 VOTING 34 SECTION 7.3 FURTHER ASSURANCES 35 SECTION 7.4 SUCCESSORS AND ASSIGNS 35 SECTION 7.5 DELAY AND WAIVER 36 SECTION 7.6 NOTICES 36 SECTION 7.7 ENTIRE AGREEMENT 37 SECTION 7.8 COMPENSATION; EXPENSES 37 SECTION 7.9 INDEMNITY 38 SECTION 7.10 SEVERABILITY 38 SECTION 7.11 HEADINGS 39 SECTION 7.12 OBLIGATIONS SECURED 39 SECTION 7.13 GOVERNING LAW 39 SECTION 7.14 CONSENT TO JURISDICTION...
Sample 1
AutoNDA by SimpleDocs
OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. ARTICLE 4. OBLIGATIONS ENFORCEABLE BY THE BORROWER AND THE OTHER OBLIGORS ARTICLE 5. IMMUNITIES OF THE COLLATERAL TRUSTEE ARTICLE 6.
Sample 1
OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 24 3.1. Undertaking of the Collateral Trustee............................................................ 24 3.2. Release or Subordination of Liens................................................................ 25 3.3. Remedies Upon Actionable Default................................................................. 25 3.4. Application of Proceeds.......................................................................... 26 3.5. Powers of the Collateral Trustee................................................................. 27 3.6.
Sample 1
Time is Money Join Law Insider Premium to draft better contracts faster.