Collateral and Intercreditor Agent Sample Clauses
The 'Collateral and Intercreditor Agent' clause designates a specific party to act as the agent responsible for holding and managing collateral on behalf of multiple creditors, as well as coordinating the rights and obligations among those creditors. In practice, this agent may handle the perfection and enforcement of security interests, distribute proceeds from collateral, and ensure that the priorities among different lenders are respected according to the terms of the intercreditor agreement. This clause is essential for streamlining the administration of collateral and preventing conflicts between creditors, thereby providing clarity and efficiency in multi-lender financing arrangements.
Collateral and Intercreditor Agent. The Holder of this Note by its acceptance of this Note is deemed to have appointed the Trustee as its agent for the purpose of appointing, designating and authorizing Law Debenture Trust Company of New York to act as Collateral and Intercreditor Agent pursuant to and in accordance with the terms and conditions set forth in respect of the Collateral in the Collateral and Intercreditor Agreement and in each of the Collateral Documents.
Collateral and Intercreditor Agent. The Holder of this Note by its acceptance of this Note is deemed to have appointed the Trustee as its agent for the purpose of appointing, designating and authorizing HSBC Bank USA, National Association to act as Collateral and Intercreditor Agent pursuant to and in accordance with the terms and conditions set forth in respect of the Collateral and Intercreditor Agent in the Master Collateral and Intercreditor Agreement and the other Collateral Documents.
Collateral and Intercreditor Agent. Section 7.01 Authorization and Action of the Collateral Agent and Intercreditor Agent 46 Section 7.02 Reliance 46 Section 7.03 Citibank, CNAI and Affiliates 47 Section 7.04 Acceptance of Collateral 47 Section 7.05 The Collateral Agent May Perform 47 Section 7.06 Duties 47 Section 7.07 Liability 49 Section 7.08 Successor Collateral Agent, Depository Bank and Intercreditor Agent 49 Section 7.09 Suits, Etc., Brought by the Collateral Agent 50 Section 7.10 Compensation of the Collateral Agent, the Depository Bank and the Intercreditor Agent 50 Section 7.11 Taxes, Stamp and Other Similar Taxes 51 Section 7.12 Limitation on Duties in Respect of Collateral 52 Section 7.13 Right to Initiate Judicial Proceedings, Etc. 52 Section 7.14 Exculpatory Provisions 52 Section 7.15 Treatment of Creditor Parties 53 Section 7.16 Miscellaneous 53 Section 7.17 Indemnification 54 Section 7.18 Publicity 54 Section 7.19 Merger; Consolidation 54
Collateral and Intercreditor Agent. Authorization and Action of the Collateral Agent and Intercreditor Agent 58 Section 7.02 Reliance 59 Section 7.03 Citibank and Affiliates 59