COLLATERAL TRUST JOINDER Clause Samples
A Collateral Trust Joinder clause establishes the process by which a new party becomes bound by the terms of an existing collateral trust agreement. Typically, this clause requires the new party to execute a joinder agreement or similar document, thereby agreeing to be subject to the rights and obligations of the trust, such as pledging collateral or receiving benefits. This mechanism ensures that all relevant parties are formally included in the trust arrangement, maintaining the integrity of the collateral structure and preventing disputes over participation or obligations.
COLLATERAL TRUST JOINDER. ADDITIONAL DEBT
COLLATERAL TRUST JOINDER. ADDITIONAL GRANTOR Reference is made to the Collateral Trust Agreement, dated as of October 3, 2016 (as amended, supplemented, amended and restated or otherwise modified and in effect from time to time, the “Collateral Trust Agreement”), among Vistra Operations Company LLC (f/k/a TEX Operations Company LLC, the “Company”), the other Grantors from time to time party thereto, Railroad Commission of Texas, as First-Out Representative (as defined therein), Credit Suisse AG, Cayman Islands Branch (as successor agent to Deutsche Bank AG New York Branch), as Senior Credit Agreement Agent (as defined therein), and Delaware Trust Company, as Collateral Trustee. Capitalized terms used but not otherwise defined herein have the meanings assigned to them in the Collateral Trust Agreement. This Collateral Trust Joinder is being executed and delivered pursuant to Section 7.19 of the Collateral Trust Agreement.