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

Appointment and Undertaking of the Collateral Trustee. (a) Each Priority Secured Party (other than the Collateral Trustee) acting through its respective Priority Debt Representative and/or by its acceptance of the Security Documents applicable to it 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 Priority Secured Parties:

Appears in 3 contracts

Samples: Collateral Trust Agreement (Chesapeake Energy Corp), Collateral Trust Agreement (Chesapeake Energy Corp), Collateral Trust Agreement (Chesapeake Energy Corp)

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Appointment and Undertaking of the Collateral Trustee. (a) Each Priority Secured Party (other than the Collateral Trustee) acting through its respective Priority Secured Debt Representative and/or by its acceptance of the Security benefits of the Collateral Documents applicable to it 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 Priority Secured PartiesParties in accordance with the terms of this Agreement:

Appears in 1 contract

Samples: Collateral Trust Agreement (Seadrill LTD)

Appointment and Undertaking of the Collateral Trustee. (a) Each Priority Secured Party (other than the Collateral Trustee) acting through its respective Priority Secured Debt Representative and/or by its acceptance of hereby appoints Wilmington Trust to serve as Collateral Trustee hereunder and under the Security Documents applicable to it hereby appoints the Collateral Trustee to serve as collateral trustee hereunder on the terms and conditions set forth hereinherein and therein. Subject to, and in accordance with, this AgreementAgreement and the other Security Documents, the Collateral Trustee will, as collateral trustee, for the benefit solely and exclusively of the present and future Priority Secured Parties:

Appears in 1 contract

Samples: Collateral Agency and Intercreditor Agreement (Intelsat S.A.)

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Appointment and Undertaking of the Collateral Trustee. (a) Each Priority Secured Party (other than the Collateral Trustee) acting through its respective Priority Debt Authorized Representative and/or by its acceptance of the benefits of the Security Documents applicable to it 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 Priority Secured Parties, in accordance with the terms of this Agreement:

Appears in 1 contract

Samples: Collateral Trust Agreement (INNOVATE Corp.)

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