Common use of Collateral Sub-Agents Clause in Contracts

Collateral Sub-Agents. Each Lender by its execution and delivery of this Agreement agrees that, in the event it shall hold any monies or other investments on account of Borrowers, such monies or other investments shall be held in the name and under the control of such Lender, and such Lender shall hold such monies or other investments as a collateral sub-agent for Agent under this Agreement and the other Loan Documents. Borrowers by their execution and delivery of this Agreement hereby consents to the foregoing.

Appears in 1 contract

Samples: Loan and Security Agreement (Restoration Hardware Inc)

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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 BorrowersBorrower, such monies or other investments shall be held in the name and under the control of such Lendermember 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. Borrowers Borrower by their 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 Lender by its execution and delivery of --------------------- this Agreement agrees that, in the event it shall hold any monies or other investments on account of Borrowers, such monies or other investments shall be held in the name and under the control of such Lender, and such Lender shall hold such monies or other investments as a collateral sub-agent for Agent under this Agreement and the other Loan Documents. Borrowers by 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 agrees that, in the event it shall hold any monies or other investments on account of Borrowersthe Obligors, such monies or other investments shall be held in the name and under the control of such Lendermember 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. Borrowers Each Obligor by their its execution and delivery of this Agreement hereby consents to the foregoing.

Appears in 1 contract

Samples: Loan and Security Agreement (Questron Technology 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 hereunder) agrees that, in the event it shall hold any monies or other investments on account of Borrowersthe Borrower or any Surety, such monies or other investments shall be held in the name and under the control of such Lender, and 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. Borrowers The Borrower by their its execution and delivery of this Agreement hereby consents to the foregoing.

Appears in 1 contract

Samples: Credit Agreement (Pen Holdings Inc)

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