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 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. Borrower by its execution and delivery of this Agreement hereby consents to the foregoing.

Appears in 4 contracts

Samples: Credit Agreement (Imco Recycling Inc), Credit Agreement (Atrium Companies Inc), Credit Agreement (Atrium Companies Inc)

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Collateral Sub-Agents. Each Lender by its execution and delivery of this Agreement agrees, as contemplated by Section 4.03 of the Security Agreement, agrees that, in the event it shall hold any Permitted Investments referred to thereinInvestments, 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. Borrower The Company by its execution and delivery of this Agreement hereby consents to the foregoing.

Appears in 2 contracts

Samples: Credit Agreement (American Health Properties Inc), Credit Agreement (American Health Properties Inc)

Collateral Sub-Agents. Each Lender by its execution and delivery of this Agreement agrees, as contemplated by Section 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. Borrower The Obligors by its their execution and delivery of this Agreement hereby consents consent to the foregoing.

Appears in 2 contracts

Samples: Credit Agreement (United Stationers Supply Co), Credit Agreement (United Stationers Supply Co)

Collateral Sub-Agents. Each Lender by its execution and delivery of this Agreement agrees, as contemplated by Section 4.03 of the Pledge and Security Agreement, that, in Credit Agreement ---------------- - 169 - 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. Borrower 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 Aluminum Corp)

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Collateral Sub-Agents. Each Lender by its execution and delivery of this Agreement agrees, as contemplated by Section 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. Borrower 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 4.03 4.05 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. The Borrower by its execution and delivery of this Agreement hereby consents to the foregoing.

Appears in 1 contract

Samples: Credit Agreement (Polymer Group Inc)

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