Examples of Collateral Access Agreement in a sentence
The Administrative Agent shall have received each (i) Collateral Access Agreement required to be provided pursuant to Section 5.13 of the Guarantee and Collateral Agreement and (ii) Deposit Account Control Agreement required to be provided pursuant to Section 8.1 of the Guarantee and Collateral Agreement.
The Credit Parties shall obtain a Collateral Access Agreement for any other leased location to the extent required by the Security Agreement or the Canadian Security Agreement.
With respect to such locations or warehouse space leased or owned as of the Closing Date and thereafter, if the Agent has not received a Collateral Access Agreement as of the Closing Date (or, if later, as of the date such location is acquired or leased), Borrower’s Eligible Inventory at that location shall be subject to such Reserves as may be established by the Agent.
A Collateral Access Agreement in form and substance acceptable to Lender with respect to any real property leased by Borrower and used in connection with Borrower’s business or in respect of which any of the Collateral is located or stored.
After the Closing Date, no real property or warehouse space shall be leased by any Loan Party and no Inventory shall be shipped to a processor or converter under arrangements established after the Closing Date, unless and until a satisfactory Collateral Access Agreement shall first have been obtained with respect to such location and if it has not been obtained, Borrower’s Eligible Inventory at that location shall be subject to the establishment of Reserves acceptable to the Agent.