Common use of Collateral Sub-Agents Clause in Contracts

Collateral Sub-Agents. Each Lender by its execution and delivery of this Agreement agrees, as contemplated by Section 10(g) of the Security Agreement, that, in the event it shall hold any Permitted Investments referred to therein, such Permitted Investments shall be held in the name and under the control of such Lender, and such Lender shall hold such Permitted Investments as a collateral sub-agent for Administrative Agent thereunder. Each Obligor by its execution and delivery of this Agreement hereby consents to the foregoing.

Appears in 3 contracts

Samples: Credit Agreement (Centennial Communications Corp /De), Reaffirmation Agreement (Centennial Communications Corp /De), Security Agreement (Centennial Cellular Corp)

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Collateral Sub-Agents. Each Lender by its execution and --------------------- delivery of this Agreement agrees, as contemplated by Section 10(g) 4.03 of the Security Agreement, that, in the event it shall hold any Permitted Investments referred to therein, such Permitted Investments shall be held in the name and under the control of such Lender, and such Lender shall hold such Permitted Investments as a collateral sub-agent for the Administrative Agent thereunder. Each Obligor Borrower by its execution and delivery of this Agreement hereby consents to the foregoing.

Appears in 2 contracts

Samples: Credit Agreement (Tmil Corp), Credit Agreement (Tuesday Morning Corp/De)

Collateral Sub-Agents. Each Lender by its execution and delivery of this Agreement agrees, as contemplated by Section 10(g) 4.03 of the Security Agreement, that, in the event it shall hold any Permitted Investments referred to therein, such Permitted Investments shall be held in the name and under the control of such Lender, and such Lender shall hold such Permitted Investments as a collateral sub-agent for Administrative the Agent thereunder. Each Obligor The Obligors by its their execution and delivery of this Agreement hereby consents consent to the foregoing.

Appears in 1 contract

Samples: Credit Agreement (United Stationers Supply Co)

Collateral Sub-Agents. Each Lender by its execution and --------------------- delivery of this Agreement agrees, as contemplated by Section 10(g) 4.02 of the Security Agreement, that, in the event it shall hold any Permitted Investments referred to therein, such Permitted Investments shall be held in the name and under the control of such Lender, and such Lender shall hold such Permitted Investments as a collateral sub-agent for the Administrative Agent thereunder. Each Obligor by its execution and delivery of this Agreement hereby consents to the foregoing.

Appears in 1 contract

Samples: Credit Agreement (Advo Inc)

Collateral Sub-Agents. Each Lender by its execution and delivery of this Agreement agrees, as contemplated by Section 10(g) 4.02 of the Security Agreement, that, in the event it shall hold any Permitted Investments referred to therein, such Permitted Investments shall be held in the name and under the control of such Lender, and such Lender shall hold such Permitted Investments as a collateral sub-agent for the Administrative Agent thereunder. Each Obligor by its execution and delivery of this Agreement hereby consents to the foregoing.

Appears in 1 contract

Samples: Credit Agreement (Advo Inc)

Collateral Sub-Agents. Each Lender by its execution and delivery of this Agreement agrees, as contemplated by Section 10(g) 4.03 of the Security Agreement, that, in the event it shall hold any Permitted Investments referred to therein, such Permitted Investments shall be held in the name and under the control of such Lender, and such Lender shall hold such Permitted Investments as a collateral sub-agent for the Administrative Agent thereunder. Each Obligor Borrower by its execution and delivery of this Agreement hereby consents to the foregoing.

Appears in 1 contract

Samples: Credit Agreement (Fabrene Group Inc)

Collateral Sub-Agents. Each Lender by its execution and delivery of this Agreement agrees, as contemplated by Section 10(g) 4.03 of the Security Agreement and Section 5.02 of the In-Flight Guarantee and Security Agreement, that, in the event it shall hold any Permitted Credit Agreement Investments referred to therein, such Permitted Investments shall be held in the name and under the control of such Lender, and such Lender shall hold such Permitted Investments as a collateral sub-agent for the Administrative Agent thereunder. Each Obligor The Company by its execution and delivery of this Agreement hereby consents to the foregoing.

Appears in 1 contract

Samples: Credit Agreement (Be Aerospace Inc)

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Collateral Sub-Agents. Each Lender by its execution and delivery of this Agreement agrees, as contemplated by Section 10(g) 4.03 of the Pledge and Security Agreement, that, in the event it shall hold any Permitted Investments referred to therein, such Permitted Investments shall be held in the name and under the control of such Lender, and such Lender shall hold such Permitted Investments as a collateral sub-agent for the Administrative Agent thereunder. Each Obligor The Obligors by its their execution and delivery of this Agreement hereby consents consent to the foregoing.

Appears in 1 contract

Samples: Credit Agreement (Commonwealth Industries Inc/De/)

Collateral Sub-Agents. Each Lender by its execution and delivery of this Agreement agrees, as contemplated by Section 10(g) 4.03 of the Security Agreement and Section 5.02 - 75 - of the In-Flight Guarantee and Security Agreement, that, in the event it shall hold any Permitted Investments referred to therein, such Permitted Investments shall be held in the name and under the control of such Lender, and such Lender shall hold such Permitted Investments as a collateral sub-agent for the Administrative Agent thereunder. Each Obligor The Company by its execution and delivery of this Agreement hereby consents to the foregoing.

Appears in 1 contract

Samples: Credit Agreement (Be Aerospace Inc)

Collateral Sub-Agents. Each Lender by its execution and --------------------- delivery of this Agreement agrees, as contemplated by Section 10(g) 4.03 of the Security Agreement, that, in the event it shall hold any Permitted Investments referred to therein, such Permitted Investments shall be held in the name and under the control of such Lender, and such Lender shall hold such Permitted Investments as a collateral sub-agent for Administrative Agent thereunder. Each Obligor Borrower by its execution and delivery of this Agreement hereby consents to the foregoing.

Appears in 1 contract

Samples: Credit Agreement (Krasovec Frank P)

Collateral Sub-Agents. Each Lender by its execution and delivery of this Agreement agrees, as contemplated by Section 10(g) 4.03 of the Security Agreement, that, in the event it shall hold any Permitted Investments referred to therein, such Permitted Investments shall be held in the name and under the control of such Lender, and such Lender shall hold such Permitted Investments as a collateral sub-agent for Administrative Agent thereunder. Each Obligor Borrower by its execution and delivery of this Agreement hereby consents to the foregoing.

Appears in 1 contract

Samples: Credit Agreement (Pricellular Corp)

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