Status of Successors to the Collateral Agent. Every successor to the Collateral Agent appointed pursuant to Section 11.6 and every co-agent appointed pursuant to Section 11.9 shall be a bank or trust company in good standing and having power so to act, incorporated under the laws of the United States or any state thereof or the District of Columbia, and having its principal corporate trust office within the forty-eight (48) contiguous states or the District of Columbia and shall also have capital, surplus and undivided profits of not less than FOUR HUNDRED MILLION DOLLARS ($400,000,000).
Appears in 3 contracts
Samples: Security Agreement (Huntsman LLC), Security Agreement (Huntsman Petrochemical Finance Co), Security Agreement (Huntsman LLC)
Status of Successors to the Collateral Agent. Every successor to the Collateral Agent appointed pursuant to Section 11.6 and every co-agent appointed pursuant to Section 11.9 8.5 shall be a bank or trust company in good standing and having power so to act, incorporated under the laws of the United States or any state State thereof or the District of Columbia, and having its principal corporate trust office within the forty-eight (48) 48 contiguous states or the District of Columbia States, and shall also have capital, surplus and undivided profits of not less than FOUR HUNDRED MILLION DOLLARS ($400,000,000)100,000,000, if there be such an institution with such capital, surplus and undivided profits willing, qualified and able to accept the trust upon reasonable or customary terms.
Appears in 1 contract
Samples: Intercreditor and Collateral Agency Agreement (Pioneer East Inc)
Status of Successors to the Collateral Agent. Every successor to the Collateral Agent appointed pursuant to Section 11.6 11.9 and every co-agent appointed pursuant to Section 11.9 shall be a bank or trust company in good standing and having power so to act, incorporated under the laws of the United States or any state thereof or the District of Columbia, and having its principal corporate trust office within the forty-eight (48) contiguous states or the District of Columbia and shall also have capital, surplus and undivided profits of not less than FOUR HUNDRED MILLION DOLLARS ($400,000,000).
Appears in 1 contract
Samples: Collateral Security Agreement (Huntsman International LLC)
