Administration of the Collateral. The Agent as Collateral Agent shall administer the Collateral and any Lien thereon for the benefit of the Lenders in the manner provided herein and in the Security Agreements and in any other related Loan Documents; provided, however, that in the event of conflict between the provisions relating to administration of Collateral included in this Agreement and those included in the Security Agreements, the latter shall prevail. The Agent shall exercise such rights and remedies with respect to the Collateral as are granted to it hereunder and as Collateral Agent under the Security Agreements and related documents and Applicable Law and as shall be directed by the Required Lenders. Upon payment in full in immediately available funds of all Obligations under the Loan Documents, the Agent and its Affiliates shall promptly release any and all Liens, Collateral and other security arrangements entered into in connection with this Agreement, the Loan Documents and the transactions contemplated hereby and thereby.
Administration of the Collateral. (a) Pledgor may pledge additional Collateral that is, upon delivery to Secured Party, Eligible Collateral hereunder at any time. Concurrently with the delivery of any such additional Eligible Collateral, Pledgor shall deliver to Secured Party a certificate of an Authorized Officer of Pledgor substantially in form and substance satisfactory to Secured Party and dated the date of such delivery, (A) identifying the additional items of Eligible Collateral being pledged, (B) identifying the Confirmation and (C) certifying that with respect to such items of additional Eligible Collateral the representations and warranties contained in paragraphs (a), (b), (c), (d) and (e) of Section 3 are true and correct with respect to such Eligible Collateral on and as of the date thereof. Pledgor hereby covenants and agrees to take all actions required under Section 5(b) and any other actions necessary to create for the benefit of Secured Party a valid, first priority, perfected security interest in, and a first lien upon, such additional Eligible Collateral, as to which Secured Party will have (in the case of Collateral consisting of investment property or cash) Control.
(b) Any delivery of Collateral by Pledgor to Secured Party shall be effected (i) in the case of Collateral consisting of certificated Shares or other certificated securities registered in the name of Pledgor, by delivery of certificates representing such Shares or other securities to the Custodian, accompanied by any required transfer tax stamps, and in suitable form for transfer by delivery or accompanied by duly executed instruments of transfer or assignment in blank, with signatures appropriately guaranteed, all in form and substance satisfactory to the Custodian, and the crediting by the Custodian of such securities to a securities account (as defined in Section 8-501 of the UCC) (the “Collateral Account”) of Secured Party, as entitlement holder, maintained at the Custodian, (ii) in the case of Collateral consisting of Shares or other securities in respect of which security entitlements are held by Pledgor through a securities intermediary (including, without limitation, Secured Party or the Custodian), by the crediting of such Shares or securities or security entitlements in respect thereof, accompanied by any required transfer tax stamps, to a securities account of the Custodian at such securities intermediary and the crediting by the Custodian of such securities or security entitlements in respect th...
Administration of the Collateral. The Collateral Agent shall hold the Collateral and any Lien thereon for the benefit of the Secured Parties pursuant to the terms of this Common Agreement and the other Security Documents to which the Collateral Agent is a party. The Collateral Agent shall administer the Collateral in the manner contemplated by the Security Documents and the other Loan Documents to which it is a party. The Collateral Agent shall exercise such rights and remedies with respect to the Collateral as are granted to it under the Security Documents, the other Loan Documents and Governmental Rule and, except as otherwise expressly provided herein, in the Security Documents or the other Loan Documents, as shall be directed in writing by the Loan Servicer.
Administration of the Collateral. The Holders shall administer the Collateral and the After Acquired Collateral in accordance with the provisions hereof.
Administration of the Collateral. The Collateral Agent shall hold the Senior Collateral and any Lien thereon for the benefit of the Senior Secured Parties pursuant to the terms of this Agreement, the Senior Security Documents and any other Transaction Document to which the Collateral Agent is a party. The Collateral Agent shall administer the Senior Collateral in the manner contemplated by the Senior Security Documents and the other Transaction Documents. The Collateral Agent shall exercise such rights and remedies with respect to the Senior Collateral as are granted to it under the Senior Security Documents, the other Transaction Documents and applicable law and, except as otherwise expressly provided in the Senior Security Documents and such other Transaction Documents, as it shall be directed by the Intercreditor Agent (acting pursuant to the Intercreditor Agreement). No Senior Secured Party or class or classes thereof (other than the Intercreditor Agent (acting pursuant to the Intercreditor Agreement)) shall have any right to direct the Collateral Agent to take any action in respect of the Senior Collateral and no Senior Secured Party shall have any right to take action with respect to the Senior Collateral independently of the Collateral Agent. Unless otherwise directed by the Intercreditor Agent (acting pursuant to the Intercreditor Agreement), the Collateral Agent shall retain possession of, or cause possession thereof to be retained by its designee, (a) all shares pledged to the Collateral Agent (on behalf of the Senior Secured Parties) pursuant to the Funding Corporation Stock Pledge Agreement and the GP Stock Pledge Agreement and (b) all partnership interest certificates pledged to the Collateral Agent (on behalf of the Senior Secured Parties) pursuant to the LP Interests Pledge Agreement and the GP Interests Pledge Agreement.
Administration of the Collateral. The Agent as Collateral Agent shall administer the Collateral and any Lien thereon for the benefit of the Lenders in the manner provided herein and in the Security Agreement and in any other related Loan Documents; provided, however, that in the event of conflict between the provisions relating to administration of Collateral included in this Agreement and those included in the Security Agreement, the latter shall prevail. The Agent shall exercise such rights and remedies with respect to the Collateral as are granted to it hereunder and as Collateral Agent under the Security Agreement and related documents and applicable law and as shall be directed by the Required Lenders. Upon payment in full of all Obligations under the Loan Documents, the Agent and its Affiliates shall promptly release any and all Liens, Collateral and other security arrangements entered into in connection with this Agreement, the Loan Documents and the transactions contemplated hereby and thereby. The Lenders hereby authorized and direct the Collateral Agent to release any and all Liens on the Real Estate subject to the Colorado Mortgage in connection with an Acceptable Colorado Transaction.
Administration of the Collateral. (a) The Collateral Agent shall hold the Collateral and any Lien thereon for the benefit of the Secured Parties pursuant to the terms of this Agreement, the Security Documents and any other Finance Document to which the Collateral Agent is a party. The Collateral Agent shall administer the Collateral in the manner contemplated by the Security Documents and the other Finance Documents and shall apply the balances from time to time held in the Depositary Accounts in the manner provided in this Agreement, the Indenture, the Working Capital Facility and the other Finance Documents. The Collateral Agent shall exercise such rights and remedies with respect to the Collateral as are granted to it under the Security Documents, the other Finance Documents and Applicable Law. Except as otherwise expressly provided herein, no Secured Party and no class or classes thereof shall have any right to direct the Collateral Agent to take any action in respect of the Collateral and no Secured Party shall have any right to sell, exchange or otherwise deal with any property at any time pledged, assigned or mortgaged to secure the Secured Obligations or take action with respect to the Collateral independently of the Collateral Agent.
(b) The Collateral Agent shall have no responsibility with respect to the recording, re-recording, filing, or refiling under the laws of any jurisdiction under this Agreement, the other Finance Documents, or any other document or statement that may be required or permitted to be recorded, re-recorded, filed or re-filed under any such laws to perfect or protect the security interests created by or pursuant to the Security Documents, or the payment of any fees or taxes in connection therewith.
Administration of the Collateral. The Joint Collateral Agent shall hold the Collateral and any Lien thereon for the benefit of the Secured Parties pursuant to the terms of this Agreement, the Security Documents and the Intercreditor Agreement. The Joint Collateral Agent shall administer, or direct the administration of, the Collateral in the manner contemplated by the Security Documents, the
Administration of the Collateral. The Collateral Agent shall administer the Collateral and any Lien thereon (as such terms are defined in the Pledge Agreement) for the benefit of the Purchasers in the manner provided herein and in the Pledge Agreement; provided, however, that in the event of conflict between the provisions relating to administration of Collateral included in this Agreement and those included in the Pledge Agreement, the latter shall prevail. The Collateral Agent shall exercise such rights and remedies with respect to the Collateral as are granted to it hereunder and under the Pledge Agreement and applicable law and as shall be directed by the Purchasers. Upon payment in full of all obligations under this Agreement and the Notes (including, without limitation, upon the conversion of the Notes in accordance with the terms herein), the Collateral Agent shall promptly release any and all Liens, Collateral (as such terms are defined in the Pledge Agreement) and other security arrangements entered into in connection with this Agreement and the Notes and the transactions contemplated hereby and thereby.
Administration of the Collateral. The Secured Party shall administer the Collateral and any Lien thereon for the benefit of the Lender in the manner provided herein and in the Security Documents; provided, however, that in the event of conflict between the provisions relating to administration of Collateral included in this Agreement and those included in the Security Documents, the latter shall prevail. The Secured Party shall exercise such rights and remedies with respect to the Collateral as are granted to it hereunder and under the Security Documents and applicable law. Upon payment in full of all Obligations under the Credit Documents, the Secured Party and its Affiliates shall promptly release any and all Liens, Collateral and other security arrangements entered into in connection with this Agreement and the transactions contemplated hereby.
