Collateral Sub-Agents. Each Lender by its execution and delivery of this Agreement (or any Assignment and Acceptance hereunder), agrees that, in the event it shall hold any monies or other investments on account of the Borrowers or any other Credit 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 Administrative Agent and Collateral Agent under this Agreement and the other Loan Documents. The Borrowers and each other Credit Party, by its execution and delivery of this Agreement, hereby consents to the foregoing.
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Samples: Revolving Credit Agreement (James River Coal CO), Term Credit Agreement (James River Coal CO)
Collateral Sub-Agents. Each Lender by its execution and delivery of this Agreement (or any Assignment and Acceptance hereunder), agrees that, in the event it shall hold any monies or other investments on account of the Borrowers Borrower or any other Credit Party, such monies or other investments shall be held in the name and under the control of the Collateral Agent, the Administrative Agent or such Lender, and the Collateral Agent, the Administrative Agent or such Lender shall hold such monies or other investments as a collateral sub-agent for Administrative Agent and Collateral Agent under this Agreement and the other Loan Documents. The Borrowers Borrower and each other Credit Party, by its execution and delivery of this Agreement, hereby consents to the foregoing.
Appears in 1 contract
Samples: Superpriority Debtor in Possession Credit Agreement (James River Coal CO)
Collateral Sub-Agents. Each Lender by its execution and delivery of this Agreement (or any Assignment and Acceptance hereunder), agrees that, in the event it shall hold any monies or other investments on account of the Borrowers or any other Credit 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 Administrative Agent and Collateral Agent under this Agreement and the other Loan Documents. The Borrowers and each other Credit Party, by its execution and delivery of this Agreement, hereby consents to the foregoing.. 101
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