Common use of Appointment and Undertaking of the Collateral Trustee Clause in Contracts

Appointment and Undertaking of the Collateral Trustee. (a) Each Parity Lien Secured Party (other than the Collateral Trustee) acting through its respective Parity Lien Representative hereby appoints the Collateral Trustee to serve as collateral trustee hereunder on the terms and conditions set forth herein. Subject to, and in accordance with, this Agreement, the Collateral Trustee will, as collateral trustee, for the benefit solely and exclusively of the present and future Parity Lien Secured Parties:

Appears in 9 contracts

Samples: Collateral Trust Agreement (SM Energy Co), Collateral Trust Agreement (Chesapeake Energy Corp), Collateral Trust Agreement (Sandridge Energy Inc)

AutoNDA by SimpleDocs

Appointment and Undertaking of the Collateral Trustee. (a) Each Parity Lien Secured Party (other than the Collateral Trustee) acting through its respective Parity Lien Representative and/or by its acceptance of the Security Documents hereby appoints the Collateral Trustee to serve as collateral trustee hereunder on the terms and conditions set forth herein. Subject to, and in accordance with, this Agreement, the Collateral Trustee will, as collateral trustee, for the benefit solely and exclusively of the present and future Parity Lien Secured Parties:

Appears in 3 contracts

Samples: Intercreditor Agreement (CONSOL Mining Corp), Collateral Trust Agreement (Vanguard Natural Resources, Inc.), Collateral Trust Agreement (Vanguard Natural Resources, LLC)

Appointment and Undertaking of the Collateral Trustee. (a) Each Parity Lien Secured Party (other than the Collateral Trustee) acting through its respective Parity Lien Representative hereby appoints the Collateral Trustee to serve as collateral trustee hereunder on the terms and conditions set forth herein. Subject to, and in accordance with, this Agreement and, to the extent applicable, the Intercreditor Agreement, the Collateral Trustee will, as collateral trustee, for the benefit solely and exclusively of the present and future Parity Lien Secured Parties:

Appears in 2 contracts

Samples: Collateral Trust Agreement (Exco Resources Inc), Collateral Trust Agreement (Exco Resources Inc)

Appointment and Undertaking of the Collateral Trustee. (a) Each Parity Lien Secured Party (other than the Collateral Trustee) acting as its own Parity Lien Representative or through its respective Parity Lien Representative Representative, as applicable, hereby appoints the Collateral Trustee to serve as collateral trustee hereunder on the terms and conditions set forth herein. Subject to, and in accordance with, this Agreement, the Collateral Trustee will, and is hereby authorized to, as collateral trustee, for the benefit solely and exclusively of the present and future Parity Lien Secured Parties:

Appears in 2 contracts

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

Appointment and Undertaking of the Collateral Trustee. (a) Each Parity Lien Secured Party (other than the Collateral Trustee) acting through its respective Parity Lien Authorized Representative and/or by its acceptance of the benefits of the Security Documents hereby appoints the Collateral Trustee to serve as collateral trustee Collateral Trustee hereunder on the terms and conditions set forth herein. Subject to, and in accordance with, this Agreement, the Collateral Trustee will, as collateral trusteeCollateral Trustee, for the benefit solely and exclusively of the present and future Parity Lien Secured PartiesParties (or under any Parallel Debt, in its own name as set forth under Section 5.15), in accordance with the terms of this Agreement:

Appears in 1 contract

Samples: Collateral Trust Agreement (Toys R Us Inc)

AutoNDA by SimpleDocs

Appointment and Undertaking of the Collateral Trustee. (a) Each Parity Lien Secured Party (other than the Collateral Trustee) acting through its respective Parity Lien Representative hereby appoints the Collateral Trustee to serve as collateral trustee hereunder on the terms and conditions set forth herein. Subject to, and in accordance with, this Agreement, the Collateral Trustee will, as collateral trustee, for the benefit solely and exclusively of the present and future Parity Lien Secured Parties:

Appears in 1 contract

Samples: Collateral Trust Agreement (Energy XXI LTD)

Appointment and Undertaking of the Collateral Trustee. (a) Each Parity Lien Secured Party (other than the Collateral Trustee) acting through its respective Parity Lien Representative hereby appoints the Collateral Trustee to serve as collateral trustee hereunder on the terms and conditions set forth herein. Subject to, and in accordance with, this Agreement, the Collateral Trustee will, as collateral trustee, for the benefit solely and exclusively of the present and future Parity Lien Secured Parties, in accordance with the terms of this Agreement:

Appears in 1 contract

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

Time is Money Join Law Insider Premium to draft better contracts faster.