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 Borrower, such monies or other investments shall be held in the name and under the control of the Administrative Agent or such Lender, and the Administrative Agent or such Lender shall hold such monies or other investments as a collateral sub-agent for Collateral Agent under this Agreement and the other Loan Documents. The Borrower, by its execution and delivery of this Agreement, hereby consents to the foregoing.
Appears in 3 contracts
Samples: Senior Secured Credit Agreement (Primus Telecommunications Group Inc), Senior Secured Credit Agreement (SOI Holdings, Inc.), Counterpart Agreement (Oppenheimer Holdings 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 BorrowerCredit 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 BorrowerCredit Parties, by its their execution and delivery of this Agreement, hereby consents 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)
