Common use of Undertaking of the Collateral Trustee Clause in Contracts

Undertaking of the Collateral Trustee. (a) Each Secured Party acting through its Priority Lien Representative or Junior Lien Representative, as applicable, hereby appoints the Collateral Trustee to serve as Collateral Trustee hereunder on the terms and conditions set forth herein. Subject to, and in accordance with, this Agreement, the Collateral Trustee will, as collateral trustee, for the benefit solely and exclusively of the present and future Secured Parties:

Appears in 2 contracts

Samples: Collateral Trust Agreement (Delta Air Lines Inc /De/), Collateral Trust Agreement (GXS Investments, Inc.)

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Undertaking of the Collateral Trustee. (a) Each Secured Party acting through its Priority Lien Representative or Junior Lien Representative, as applicable, hereby appoints the Collateral Trustee to serve as Collateral Trustee collateral trustee hereunder on the terms and conditions set forth herein. Subject to, and in accordance with, this Agreement, the Collateral Trustee will, as collateral trustee, for the benefit solely and exclusively of the present current and future Secured Parties:

Appears in 1 contract

Samples: Collateral Trust Agreement (Satelites Mexicanos Sa De Cv)

Undertaking of the Collateral Trustee. (a) Each Secured Party acting through its Priority Lien Secured Debt Representative or Junior Lien Representative, as applicable, hereby appoints the Collateral Trustee to serve as Collateral Trustee collateral trustee hereunder on the terms and conditions set forth herein. Subject to, and in accordance with, this Agreement, the Collateral Trustee willis authorized to, as collateral trustee, for the benefit solely and exclusively of the present and future Secured Parties:

Appears in 1 contract

Samples: Collateral Trust Agreement (American Casino & Entertainment Properties LLC)

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Undertaking of the Collateral Trustee. (a) Each Secured Party (acting through the Notes Trustee or its Priority Lien Representative or Junior applicable Parity Lien Representative, as applicable, ) hereby appoints the Collateral Trustee to serve as Collateral Trustee collateral trustee hereunder on the terms and conditions set forth herein. Subject to, and in accordance with, this Agreement, including without limitation Section 5.3, and (if applicable) the Intercreditor Agreement, the Collateral Trustee will, as collateral trustee, for the benefit solely and exclusively of the present and future Secured Parties:

Appears in 1 contract

Samples: Collateral Trust Agreement (Viasystems Group Inc)

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