Common use of Collateral Agent Judgment if Change Clause in Contracts

Collateral Agent Judgment if Change. If, at the time of determination, Xxxxxxx and CCSD I/CCSD II are not equal owners of the entire legal and beneficial interests in the Term Loans, Collateral Agent shall exercise such remedies and refrain from the exercise of such remedies as it may deem appropriate, and may seek the approval of Lenders on such matters as Collateral Agent may determine.

Appears in 4 contracts

Samples: Loan Agreement (I3 Verticals, Inc.), Loan Agreement (I3 Verticals, Inc.), Loan Agreement (I3 Verticals, Inc.)

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