Collateral Sub-Agents. Each member of the Lender Group by its execution and delivery of this Agreement agrees that, in the event it shall hold any monies or other investments on account of Borrower, such monies or other investments shall be held in the name and under the control of such member of the Lender Group, and such member of the Lender Group shall hold such monies or other investments as a collateral sub-agent for Collateral Agent under this Agreement and the other Loan Documents. Borrower by its execution and delivery of this Agreement hereby consents to the foregoing.
Appears in 1 contract
Samples: Loan and Security Agreement (Questron Technology Inc)
Collateral Sub-Agents. Each member of the Lender Group by its execution and delivery of --------------------- this Agreement agrees that, in the event it shall hold any monies or other investments on account of BorrowerBorrowers, such monies or other investments shall be held in the name and under the control of such member of the Lender GroupLender, and such member of the Lender Group shall hold such monies or other investments as a collateral sub-agent for Collateral Agent under this Agreement and the other Loan Documents. Borrower Borrowers by its their execution and delivery of this Agreement hereby consents to the foregoing.
Appears in 1 contract
Samples: Loan and Security Agreement (Restoration Hardware 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 hereunder) agrees that, in the event it shall hold any monies or other investments on account of Borrowerthe Borrower or any Surety, such monies or other investments shall be held in the name and under the control of such member of the Lender GroupLender, and such member of the 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 Borrower by its execution and delivery of this Agreement hereby consents to the foregoing.
Appears in 1 contract
Samples: Credit Agreement (Pen Holdings Inc)
Collateral Sub-Agents. Each member of the Lender Group by its execution and delivery of this Agreement agrees that, in the event it shall hold any monies or other investments on account of Borrowerthe Obligors, such monies or other investments shall be held in the name and under the control of such member of the Lender Group, and such member of the Lender Group shall hold such monies or other investments as a collateral sub-agent for Collateral Agent under this Agreement and the other Loan Documents. Borrower Each Obligor by its execution and delivery of this Agreement hereby consents to the foregoing.
Appears in 1 contract
Samples: Loan and Security Agreement (Questron Technology Inc)
Collateral Sub-Agents. Each member of the Lender Group by its execution and delivery of this Agreement agrees that, in the event it shall hold any monies or other investments on account of BorrowerBorrowers, such monies or other investments shall be held in the name and under the control of such member of the Lender GroupLender, and such member of the Lender Group shall hold such monies or other investments as a collateral sub-agent for Collateral Agent under this Agreement and the other Loan Documents. Borrower Borrowers by its their execution and delivery of this Agreement hereby consents to the foregoing.
Appears in 1 contract
Samples: Loan and Security Agreement (Restoration Hardware Inc)