Common use of Collateral Sub-Agents Clause in Contracts

Collateral Sub-Agents. 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 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. Borrower by its execution and delivery of this Agreement hereby consents to the foregoing.

Appears in 2 contracts

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

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Collateral Sub-Agents. 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 BorrowerBorrowers, 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. Borrower Borrowers by its execution and delivery of this Agreement hereby consents to the foregoing.

Appears in 1 contract

Samples: Credit Agreement (Avado Brands Inc)

Collateral Sub-Agents. The Lenders 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 Borrowerany 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 or such Lender, and the Administrative 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. Borrower The Borrowers by its their execution and delivery of this Agreement hereby consents consent to the foregoing.

Appears in 1 contract

Samples: Financing Agreement (LTV Corp)

Collateral Sub-Agents. The Lenders 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 Borrower, such monies or other investments shall be held in the name and under the control of such member of the Administrative Agent or such LenderLender Group, and such member of the Administrative Agent or such 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: Credit Agreement (Avado Brands Inc)

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Collateral Sub-Agents. The Lenders 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 Borrower, such monies or other investments shall be held in the name and under the control of such member of the Administrative Agent or such LenderLender Group, and such member of the Administrative Agent or such 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: Financing Agreement (Gulf States Steel Inc /Al/)

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