Common use of OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE Clause in Contracts

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 Section 3.1 Appointment and Undertaking of the Collateral Trustee 11 Section 3.2 Release or Subordination of Liens 12 Section 3.3 Enforcement of Liens 13 Section 3.4 Application of Proceeds 13 Section 3.5 Powers of the Collateral Trustee. 14 Section 3.6 Documents and Communications 15 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 15 Section 3.8 Additional Parity Lien Debt. 15

Appears in 1 contract

Samples: Collateral Trust Agreement (Chesapeake Energy Corp)

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OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 12 Section 3.1 Appointment and Undertaking of the Collateral Trustee 11 12 Section 3.2 Release or Subordination of Liens 12 13 Section 3.3 Enforcement of Liens 13 14 Section 3.4 Application of Proceeds 13 14 Section 3.5 Powers of the Collateral Trustee. 14 Trustee 15 Section 3.6 Documents and Communications 15 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 15 Section 3.8 Additional Parity Lien Debt. 1516

Appears in 1 contract

Samples: Collateral Trust Agreement (Petroquest Energy Inc)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 Section 3.1 Appointment and Undertaking of the Collateral Trustee 11 12 Section 3.2 Release or Subordination of Liens 12 14 Section 3.3 Enforcement of Liens 13 14 Section 3.4 Application of Proceeds 13 14 Section 3.5 Powers of the Collateral Trustee. 14 Trustee 15 Section 3.6 Documents and Communications 15 16 Section 3.7 For Sole and Exclusive Benefit of Holders of the Parity Lien Obligations 15 Secured Parties 16 Section 3.8 Additional Parity Lien Debt. 15Debt 16

Appears in 1 contract

Samples: Collateral Trust Agreement (Alliance One International, Inc.)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 Section 23 SECTION 3.1 Appointment and Undertaking of the Collateral Trustee 11 Section 23 SECTION 3.2 Release or Subordination of Liens 12 Section 24 SECTION 3.3 Enforcement of Liens 13 Section 24 SECTION 3.4 Application of Proceeds 13 Section 25 SECTION 3.5 Powers of the Collateral Trustee. 14 Section Trustee 27 SECTION 3.6 Documents and Communications 15 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 15 Section 3.8 Additional Parity Lien Debt. 1527

Appears in 1 contract

Samples: Collateral Trust Agreement (EFIH Finance Inc.)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 9 Section 3.1 Appointment and Undertaking of the Collateral Trustee 11 9 Section 3.2 Release or Subordination of Liens 12 10 Section 3.3 Enforcement of Liens 13 10 Section 3.4 Application of Proceeds 13 10 Section 3.5 Powers of the Collateral Trustee. 14 Trustee 11 Section 3.6 Documents and Communications 15 11 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 15 11 Section 3.8 Additional Parity Lien Debt. 15Debt 12

Appears in 1 contract

Samples: Collateral Trust Agreement (Sandridge Energy Inc)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 Section 3.1 Appointment and Undertaking of the Collateral Trustee 11 12 Section 3.2 Release or Subordination of Liens 12 14 Section 3.3 Enforcement of Liens 13 14 Section 3.4 Application of Proceeds 13 14 Section 3.5 Powers of the Collateral Trustee. 14 Trustee 16 Section 3.6 Documents and Communications 15 16 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 15 16 Section 3.8 Additional Parity Lien Debt. 15Debt 16

Appears in 1 contract

Samples: Collateral Trust Agreement (Exco Resources Inc)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 Section 3.1 Appointment and Undertaking of the Collateral Trustee 11 14 Section 3.2 Release or Subordination of Liens 12 15 Section 3.3 Enforcement of Liens 13 16 Section 3.4 Application of Proceeds 13 16 Section 3.5 Powers of the Collateral Trustee. 14 Trustee 18 Section 3.6 Documents and Communications 15 18 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 15 19 Section 3.8 Additional Parity Lien Debt. 15Debt 19 Section 3.9 Second Lien Collateral Agent 22 ARTICLE 4 OBLIGATIONS ENFORCEABLE BY THE COMPANY AND THE OTHER GRANTORS

Appears in 1 contract

Samples: Collateral Trust Agreement (Vanguard Natural Resources, LLC)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 Section 22 SECTION 3.1 Appointment and Undertaking of the Collateral Trustee 11 Section 22 SECTION 3.2 Release or Subordination of Liens 12 Section 23 SECTION 3.3 Enforcement of Liens 13 Section 23 SECTION 3.4 Application of Proceeds 13 Section 24 SECTION 3.5 Powers of the Collateral Trustee. 14 Section Trustee 25 SECTION 3.6 Documents and Communications 15 Section 25 SECTION 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Secured Obligations 15 Section 25 SECTION 3.8 Additional Parity Lien Debt. 15Secured Debt 26

Appears in 1 contract

Samples: Collateral Trust Agreement (Terremark Worldwide Inc.)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 Section SECTION 3.1 Appointment and Undertaking of the Collateral Trustee 11 Section SECTION 3.2 Release or Subordination of Liens 12 Section SECTION 3.3 Enforcement of Liens 13 Section SECTION 3.4 Application of Proceeds 13 Section SECTION 3.5 Powers of the Collateral Trustee. 14 Section 3.6 Documents and Communications 15 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 15 Section 3.8 Additional Parity Lien Debt. 15

Appears in 1 contract

Samples: Control Agreement (Ign Entertainment Inc)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 Section 3.1 Appointment and Undertaking of the Collateral Trustee 11 Section 3.2 Release or Subordination of Liens 12 Section 3.3 Enforcement of Liens 13 Section 3.4 Application of Proceeds 13 Section 3.5 Powers of the Collateral Trustee. Trustee 14 Section 3.6 Documents and Communications 15 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 15 Section 3.8 Additional Parity Lien Debt. Debt 15

Appears in 1 contract

Samples: Collateral Trust Agreement (Chesapeake Energy Corp)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 Section 3.1 Appointment and Undertaking of the Collateral Trustee 11 Section 3.2 Release or Subordination of Liens 12 Section 3.3 Enforcement of Liens 13 Section 3.4 Application of Proceeds 13 Section 3.5 Powers of the Collateral Trustee. Trustee 14 Section 3.6 Documents and Communications 15 14 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 15 Section 3.8 Additional Parity Lien Debt. Debt 15

Appears in 1 contract

Samples: Collateral Trust Agreement (Halcon Resources Corp)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 Section 10 SECTION 3.1 Appointment and Undertaking of the Collateral Trustee 11 Section 10 SECTION 3.2 Release or Subordination of Liens 12 Section 11 SECTION 3.3 Enforcement of Liens 13 Section 11 SECTION 3.4 Application of Proceeds 13 Section 11 SECTION 3.5 Powers of the Collateral Trustee. 14 Section Trustee 13 SECTION 3.6 Documents and Communications 15 Section 13 SECTION 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Secured Debt Obligations 15 Section 13 SECTION 3.8 Additional Parity Lien Debt. 15Secured Debt 13

Appears in 1 contract

Samples: Collateral Trust Agreement (American Casino & Entertainment Properties LLC)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 Section 28 SECTION 3.1 Appointment and Undertaking of the Collateral Trustee 11 Section 28 SECTION 3.2 Release or Subordination of Liens 12 Section 29 SECTION 3.3 Enforcement of Liens 13 Section 29 SECTION 3.4 Application of Proceeds 13 Section 30 SECTION 3.5 Powers of the Collateral Trustee. 14 Section Trustee 32 SECTION 3.6 Documents and Communications 15 Section 32 SECTION 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Secured Debt Obligations 15 Section 33 SECTION 3.8 Additional Parity Lien Debt. 15Secured Debt 33

Appears in 1 contract

Samples: Collateral Trust Agreement (GXS Investments, Inc.)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 Section 14 SECTION 3.1 Appointment and Undertaking of the Collateral Trustee 11 Section 14 SECTION 3.2 Release or Subordination of Liens 12 Section 15 SECTION 3.3 Enforcement of Liens 13 Section 16 SECTION 3.4 Application of Proceeds 13 Section 16 SECTION 3.5 Powers of the Collateral Trustee. 14 Section Trustee 17 SECTION 3.6 Documents and Communications 15 Section 17 SECTION 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 15 Section Secured Parties 17 SECTION 3.8 Additional Parity Lien Debt. 15Debt 18

Appears in 1 contract

Samples: Intercreditor Agreement (Viasystems Inc)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 Section 3.1 Appointment and Undertaking of the Collateral Trustee 11 Section 3.2 Release or Subordination of Liens 12 Section 3.3 Enforcement of Liens 13 Section 3.4 Application of Proceeds 13 Section 3.5 Powers of the Collateral Trustee. Trustee 14 Section 3.6 Documents and Communications 15 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Third Lien Obligations 15 Section 3.8 Additional Parity Third Lien Debt. Debt 15

Appears in 1 contract

Samples: Collateral Trust Agreement (Halcon Resources Corp)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 Section SECTION 3.1 Appointment and Undertaking of the Collateral Trustee 11 Section SECTION 3.2 Release or Subordination of Liens 12 Section SECTION 3.3 Enforcement of Liens 13 Section SECTION 3.4 Order of Application of Proceeds 13 Section SECTION 3.5 Powers of the Collateral Trustee. 14 Section 3.6 Documents and Communications 15 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 15 Section 3.8 Additional Parity Lien Debt. 15

Appears in 1 contract

Samples: Collateral Trust Agreement (NewPage Energy Services LLC)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 Section 30 SECTION 3.1 Appointment and Undertaking of the Collateral Trustee 11 Section 30 SECTION 3.2 Release or Subordination of Liens 12 Section 31 SECTION 3.3 Enforcement of Liens 13 Section 32 SECTION 3.4 Application of Proceeds 13 Section 32 SECTION 3.5 Powers of the Collateral Trustee. 14 Section Trustee 34 SECTION 3.6 Documents and Communications 15 Section 34 SECTION 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Secured Obligations 15 Section 35 SECTION 3.8 Additional Parity Lien Debt. 15Secured Debt 35

Appears in 1 contract

Samples: Collateral Trust Agreement

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OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 Section 12 SECTION 3.1 Appointment and Undertaking of the Collateral Trustee 11 Section 12 SECTION 3.2 Release or Subordination of Liens 12 Section 13 SECTION 3.3 Enforcement of Liens 13 Section SECTION 3.4 Application of Proceeds 13 Section 14 SECTION 3.5 Powers of the Collateral Trustee. 14 Section Trustee 15 SECTION 3.6 Documents and Communications 15 Section SECTION 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations the Secured Parties 15 Section SECTION 3.8 Additional Parity Lien Debt. Obligations 15

Appears in 1 contract

Samples: Collateral Trust Agreement (Toys R Us Inc)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 Section 10 SECTION 3.1 Appointment and Undertaking of the Collateral Trustee 11 Section 10 SECTION 3.2 Release or Subordination of Liens 12 Section SECTION 3.3 Enforcement of Liens 13 Section 12 SECTION 3.4 Application of Proceeds 13 Section SECTION 3.5 Powers of the Collateral Trustee. Trustee 14 Section SECTION 3.6 Documents and Communications 15 Section 14 SECTION 3.7 For Sole and Exclusive Benefit of Holders of Parity the Pari Passu Lien Obligations 15 Section Secured Parties 14 SECTION 3.8 Additional Parity Pari Passu Lien Debt. Debt 15

Appears in 1 contract

Samples: Collateral Trust Agreement (Sunedison, Inc.)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 12 Section 3.1 Appointment and Undertaking of the Collateral Trustee 11 12 Section 3.2 Release or Subordination of Liens 12 13 Section 3.3 Enforcement of Liens 13 Section 3.4 Application of Proceeds 13 14 Section 3.5 Powers of the Collateral Trustee. 14 15 Section 3.6 Documents and Communications 15 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 15 Section 3.8 Additional Parity Lien Debt. 1516

Appears in 1 contract

Samples: Collateral Trust Agreement (Linn Energy, LLC)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 Section 3.1 Appointment and Undertaking of the Collateral Trustee 11 14 Section 3.2 Release or Subordination of Liens 12 16 Section 3.3 Enforcement of Liens 13 16 Section 3.4 Application of Proceeds 13 16 Section 3.5 Powers of the Collateral Trustee. 14 Trustee 18 Section 3.6 Documents and Communications 15 19 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 15 19 Section 3.8 Additional Parity Lien Debt. 15Debt 19

Appears in 1 contract

Samples: Collateral Trust Agreement

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 Section 3.1 Appointment and Undertaking of the Collateral Trustee 11 13 Section 3.2 Release or Subordination of Liens 12 14 Section 3.3 Enforcement of Liens 13 14 Section 3.4 Application of Proceeds 13 15 Section 3.5 Powers of the Collateral Trustee. 14 Trustee 16 Section 3.6 Documents and Communications 15 16 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 15 16 Section 3.8 Additional Parity Lien Debt. 15Debt 17

Appears in 1 contract

Samples: Collateral Trust Agreement (Denbury Resources Inc)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 Section 12 SECTION 3.1 Appointment and Undertaking of the Collateral Trustee 11 Section 12 SECTION 3.2 Release or Subordination of Liens 12 Section 13 SECTION 3.3 Enforcement of Liens 13 Section SECTION 3.4 Application of Proceeds 13 Section 14 SECTION 3.5 Powers of the Collateral Trustee. 14 Section Trustee 15 SECTION 3.6 Documents and Communications 15 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 15 Section 3.8 Additional Parity Lien Debt. 15

Appears in 1 contract

Samples: Collateral Trust Agreement

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 24 Section 3.1 Appointment and Undertaking of the Collateral Trustee 11 24 Section 3.2 Release or Subordination of Liens 12 25 Section 3.3 Enforcement of Liens 13 25 Section 3.4 Application of Proceeds 13 28 Section 3.5 Powers of the Collateral Trustee. 14 Trustee 32 Section 3.6 Documents and Communications 15 32 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Priority Lien Obligations 15 32 Section 3.8 Additional Parity Secured Debt 33 Section 3.9 Priority Lien Debt. 15Agents 35 Section 3.10 Limitations on Certain First Lien Obligations 35

Appears in 1 contract

Samples: Credit Agreement (Vistra Energy Corp.)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 Section 3.1 Appointment and Undertaking of the Collateral Trustee 11 14 Section 3.2 Release or Subordination of Liens 12 16 Section 3.3 Enforcement of Liens 13 16 Section 3.4 Application of Proceeds 13 16 Section 3.5 Powers of the Collateral Trustee. 14 Trustee 18 Section 3.6 Documents and Communications 15 19 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 15 19 Section 3.8 Additional Parity Lien Debt. 15Debt 19 Section 3.9 Second Lien Collateral Agent 22 ARTICLE 4 OBLIGATIONS ENFORCEABLE BY THE COMPANY AND THE OTHER GRANTORS

Appears in 1 contract

Samples: Collateral Trust Agreement (Vanguard Natural Resources, Inc.)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 14 Section 3.1 Appointment and Undertaking of the Collateral Trustee 11 14 Section 3.2 Release or Subordination of Liens 12 16 Section 3.3 Enforcement of Liens 13 16 Section 3.4 Application of Proceeds 13 16 Section 3.5 Powers of the Collateral Trustee. 14 Trustee 18 Section 3.6 Documents and Communications 15 18 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 15 18 Section 3.8 Additional Parity Lien Debt. 15Debt 18

Appears in 1 contract

Samples: Collateral Trust Agreement (Calumet Specialty Products Partners, L.P.)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 11 Section 3.1 Appointment and Undertaking of the Collateral Trustee 11 7 Section 3.2 Release or Subordination of Liens 12 7 Section 3.3 Enforcement of Liens 13 8 Section 3.4 Application of Proceeds 13 8 Section 3.5 Powers of the Collateral Trustee. 14 Trustee 9 Section 3.6 Documents and Communications 15 9 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 15 Section 3.8 Additional Parity Lien Debt. 15Secured Parties 10 ARTICLE 4 OBLIGATIONS ENFORCEABLE BY THE COMPANY

Appears in 1 contract

Samples: Collateral Trust Agreement (Cheniere Energy Inc)

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