Common use of Additional Provisions Relating to the Collateral Agent Clause in Contracts

Additional Provisions Relating to the Collateral Agent. (a) Any corporation, bank, trust company or association into which the Collateral Agent may be merged or converted or with which it may be consolidated, or any corporation, bank, trust company or association resulting from any merger, conversion or consolidation to which the Collateral Agent shall be a party, or any corporation, bank, trust company or association succeeding to all or substantially all the corporate trust business of the Collateral Agent, shall be the successor of the Collateral Agent hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto. Any resignation or removal of the Collateral Agent as Trustee under the Indenture in accordance with the provisions thereof shall result in a resignation or removal of the Collateral Agent hereunder. The provisions of Section 7.08 of the Indenture with respect to replacement of the Trustee shall be applicable to the replacement of the Collateral Agent.

Appears in 6 contracts

Samples: Pledge Agreement (Barneys New York Inc), Pledge Agreement (Barneys New York Inc), Security Agreement (Barneys New York Inc)

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Additional Provisions Relating to the Collateral Agent. (a) Any corporation, bank, trust company or association into which the Collateral Agent may be merged or converted or with which it may be consolidated, or any corporation, bank, trust company or association resulting from any merger, conversion or consolidation to which the Collateral Agent shall be a party, or any corporation, bank, trust company or association succeeding to all or substantially all the corporate trust business of the Collateral Agent, shall be the successor of the Collateral Agent hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto. Any resignation or removal of the Collateral Agent as Trustee under the Indenture in accordance with the provisions thereof shall result in a resignation or removal of the Collateral Agent hereunder. The provisions of Section Sections 7.08 of and 7.09 in the Indenture with respect to replacement of the Trustee shall be applicable to the replacement of the Collateral Agent.

Appears in 1 contract

Samples: Share Pledge Agreement (American Dairy Inc)

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Additional Provisions Relating to the Collateral Agent. (a) Any corporation, bank, trust company or association into which the Collateral Agent may be merged or converted or with which it may be consolidated, or any corporation, bank, trust company or association resulting from any merger, conversion or consolidation to which the Collateral Agent shall be a party, or any corporation, bank, trust company or association succeeding to all or substantially all the corporate trust business of the Collateral Agent, shall be the successor of the Collateral Agent hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto. Any resignation or removal of the Collateral Agent as Trustee under the Indenture Indentures in accordance with the provisions thereof shall result in a resignation or removal of the Collateral Agent hereunder. The provisions of Section 7.08 of in the HY Note Indenture and Section 7.10 in the Convertible Note Indenture with respect to replacement of the Trustee shall be applicable to the replacement of the Collateral Agent.

Appears in 1 contract

Samples: Share Pledge Agreement (Fushi International Inc)

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