Common use of Collateral Sub-Agents Clause in Contracts

Collateral Sub-Agents. Each Lender by its execution and delivery of this Agreement (or any joinder hereto or any Assignment and Acceptance hereunder) agrees that, in the event it shall hold any monies or other investments on account of the Credit Parties, such monies or other investments shall be held in the name and under the control of the Administrative Agent, Revolving Agent or such Lender, and the Administrative Agent, Revolving Agent or such Lender shall hold such monies or other investments as a collateral sub-agent for the Collateral Agent under this Agreement and the other Loan Documents. The Credit Parties, by their execution and delivery of this Agreement, hereby consent to the foregoing.

Appears in 3 contracts

Samples: Credit Agreement (Global Power Equipment Group Inc/), Credit Agreement (Global Power Equipment Group Inc/), Senior Secured Credit Agreement (Silicon Graphics Inc)

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Collateral Sub-Agents. Each Lender by its execution and delivery of this Agreement (or any joinder hereto or any Assignment and Acceptance hereunder) ), agrees that, in the event it shall hold any monies or other investments on account of the Credit PartiesBorrower, such monies or other investments shall be held in the name and under the control of the Administrative Agent, Revolving Agent or such Lender, and the Administrative Agent, Revolving Agent or such Lender shall hold such monies or other investments as a collateral sub-agent for the Collateral Agent under this Agreement and the other Loan Documents. The Credit PartiesBorrower, by their its execution and delivery of this Agreement, hereby consent consents to the foregoing.

Appears in 3 contracts

Samples: Senior Secured Credit Agreement (SOI Holdings, Inc.), Senior Secured Credit Agreement (Primus Telecommunications Group Inc), Senior Secured Credit Agreement (Oppenheimer Holdings Inc)

Collateral Sub-Agents. Each Lender The Lenders by its execution and delivery of this Agreement (or any joinder hereto or any Assignment and Acceptance hereunder) ), agrees that, in the event it shall hold any monies or other investments on account of the Credit PartiesBorrower, such monies or other investments shall be held in the name and under the control of the Administrative Agent, Revolving Agent or such Lender, and the Administrative Agent, Revolving Agent or such Lender shall hold such monies or other investments as a collateral sub-agent for the Collateral Agent under this Agreement and the other Loan Documents. The Credit Parties, Borrower by their its execution and delivery of this Agreement, Agreement hereby consent consents to the foregoing.

Appears in 2 contracts

Samples: Loan Agreement (Accredited Mortgage Loan REIT Trust), Credit Agreement (Avado Brands Inc)

Collateral Sub-Agents. Each Lender The Lenders by its execution and delivery of this Agreement (or any joinder hereto or any Assignment and Acceptance hereunder) ), agrees that, in the event it shall hold any monies or other investments on account of the Credit PartiesBorrowers, such monies or other investments shall be held in the name and under the control of the Administrative Agent, Revolving Agent or such Lender, and the Administrative Agent, Revolving Agent or such Lender shall hold such monies or other investments as a collateral sub-agent for the Collateral Agent under this Agreement and the other Loan Documents. The Credit Parties, Borrowers by their its execution and delivery of this Agreement, Agreement hereby consent consents to the foregoing.

Appears in 1 contract

Samples: Credit Agreement (Avado Brands Inc)

Collateral Sub-Agents. Each member of the Lender Group by its execution and delivery of this Agreement (or any joinder hereto or any Assignment and Acceptance hereunder) agrees that, in the event it shall hold any monies or other investments on account of the Credit PartiesBorrower, such monies or other investments shall be held in the name and under the control of such member of the Administrative Agent, Revolving Agent or such LenderLender Group, and such member of the Administrative Agent, Revolving Agent or such Lender Group shall hold such monies or other investments as a collateral sub-agent for the Collateral Agent under this Agreement and the other Loan Documents. The Credit Parties, Borrower by their its execution and delivery of this Agreement, Agreement hereby consent consents to the foregoing.

Appears in 1 contract

Samples: Credit Agreement (Avado Brands Inc)

Collateral Sub-Agents. Each member of the Lender Group by its execution and delivery of this Agreement (or any joinder hereto or any Assignment and Acceptance hereunder) agrees that, in the event it shall hold any monies or other investments on account of the Credit PartiesBorrower or any other Obligor, such monies or other investments shall be held in the name and under the control of such member of the Administrative Agent, Revolving Agent or such LenderLender Group, and such member of the Administrative Agent, Revolving Agent or such Lender Group shall hold such monies or other investments as a collateral sub-agent for the Collateral Agent under this Agreement and the other Loan Documents. The Credit Parties, Each Obligor by their its execution and delivery of this Agreement, Agreement hereby consent consents to the foregoing.

Appears in 1 contract

Samples: Credit Agreement (Corrida Resources Inc)

Collateral Sub-Agents. Each Lender by its execution and delivery of this Agreement (or any joinder hereto or any Assignment and Acceptance hereunder) agrees that, in the event it shall hold any monies or other investments on account of the Credit PartiesBorrower or any other Loan Party, such monies or other investments shall be held in the name and under the control of the Administrative Agent, Revolving Agent or such Lender, and the Administrative Agent, Revolving Agent or such Lender shall hold such monies or other investments as a collateral sub-agent for the Collateral Agent under this Agreement and the other Loan Documents. The Credit Parties, Borrower by their its execution and delivery of this Agreement, Agreement hereby consent consents to the foregoing.

Appears in 1 contract

Samples: Credit Agreement (Belden & Blake Corp /Oh/)

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Collateral Sub-Agents. Each Lender by its execution and delivery of this Agreement (or any joinder hereto or any Assignment and Acceptance hereunder) ), agrees that, in the event it shall hold any monies or other investments on account of the Credit PartiesBorrower, such monies or other investments shall be held in the name and under the control of the Administrative Agent, Revolving Agent or such Lender, and the Administrative Agent, Revolving Agent or such Lender shall hold such monies or other investments as a collateral sub-agent for the Collateral Agent under this Agreement and the other Loan Documents. The Credit Parties, Borrower by their its execution and delivery of this Agreement, Agreement hereby consent consents to the foregoing.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Overhill Farms Inc)

Collateral Sub-Agents. Each member of the Lender Group --------------------- by its execution and delivery of this Agreement (or any joinder hereto or any Assignment and Acceptance hereunder) agrees that, in the event it shall hold any monies or other investments on account of the Credit PartiesBorrower, such monies or other investments shall be held in the name and under the control of such member of the Administrative Agent, Revolving Agent or such LenderLender Group, and such member of the Administrative Agent, Revolving Agent or such Lender Group shall hold such monies or other investments as a collateral sub-agent for the Collateral Agent under this Agreement and the other Loan Documents. The Credit Parties, Borrower by their its execution and delivery of this Agreement, Agreement hereby consent consents to the foregoing.

Appears in 1 contract

Samples: Financing Agreement (Gulf States Steel Inc /Al/)

Collateral Sub-Agents. Each Lender by its execution and delivery of this Agreement (or any joinder hereto or any Assignment and Acceptance hereunder) agrees that, in the event it shall hold any monies or other investments on account of the Credit Partiesany Borrower or any other Loan Party, such monies or other investments shall be held in the name and under the control of the Administrative Agent, Revolving Agent or such Lender, and the Administrative Agent, Revolving Agent or such Lender shall hold such monies or other investments as a collateral sub-agent for the Collateral Agent under this Agreement and the other Loan Documents. The Credit Parties, Borrowers by their execution and delivery of this Agreement, Agreement hereby consent to the foregoing.

Appears in 1 contract

Samples: Financing Agreement (LTV Corp)

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