Account Collateral Agent definition

Account Collateral Agent means the “Account Collateral Agent” under and as defined in the Account Administration Agreement, initially WTC.
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Examples of Account Collateral Agent in a sentence

  • Pursuant to and subject to the terms of the Account Administration Agreement, on each Business Day all amounts constituting Collections on deposit in the Customer Payment Account are to be transferred by the Account Collateral Agent to the Collections Account.

  • After any amounts are received in the Note Redemption Account, Collateral Agent shall direct Depositary, pursuant to an Account Withdrawal Instruction, to withdraw amounts from the Note Redemption Account in the amount specified in such Account Withdrawal Instruction and to pay such amount on the Offer Settlement Date to any Holder of the Notes that has accepted an Offer to Repay made by the Company pursuant to, and in the amount required by, Section 8.1.3 of the Note Purchase Agreement.

  • The Designated Account Collateral Agent and each of its Related Parties shall have all of the rights, powers, privileges, protections and benefits provided to the Lead Collateral Agent under the Credit Agreement, including Article VIII, and the other Loan Documents.

  • The exculpatory provisions of this Article 8 shall apply to any such sub‑agent and to the Related Parties of the Administrative Agent or Lead Collateral Agent, as applicable, including the Designated Account Collateral Agent, and shall apply to their respective activities in connection with the syndication of the Term Loan as well as activities of the Administrative Agent and the Lead Collateral Agent.

  • After the retiring or removed Designated Account Collateral Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of this Article IX and Section 11.15 shall continue in effect for the benefit of such retiring or removed Designated Account Collateral Agent and its Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring or removed Designated Account Collateral Agent was acting as Designated Account Collateral Agent.

  • Should any Lender obtain possession or control of any such Collateral, other than the Designated Account Collateral Agent in its capacity as such Designated Account Collateral Agent, such Lender shall notify the Administrative Agent and Lead Collateral Agent thereof, and, promptly upon the Lead Collateral Agent’s request (upon direction by the Administrative Agent) therefor shall deliver such Collateral to the Lead Collateral Agent or in accordance with the Lead Collateral Agent’s instructions.

  • After any amounts are received in the Policy Proceeds Account, Collateral Agent shall direct Depositary, pursuant to an Account Withdrawal Instruction, to withdraw amounts from the Policy Proceeds Account into the Debt Service Reserve Account.

  • The Designated Account Collateral Agent shall not take any action in such capacity unless and until directed to do so in writing by the Lead Collateral Agent or the Required Lenders and, upon receiving such direction, shall take the action directed by the Lead Collateral Agent or the Required Lenders.

  • In such case, the Lead Collateral Agent shall automatically, and without further action of any kind, become fully vested with all monies, estates, properties, rights, powers, duties and obligations of the Designated Account Collateral Agent, with like effect as if originally named as Designated Account Collateral Agent, and such Designated Account Collateral Agent shall execute and deliver, and take such further action, as is required to effect the same.

  • The Designated Account Collateral Agent may, at any time, request instructions from the Lead Collateral Agent or the Required Lenders, and the Designated Account Collateral Agent shall be absolutely entitled to refrain from taking any action as such until it has received such written instructions.

Related to Account Collateral Agent

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • Credit Agreement Collateral Agent has the meaning assigned to such term in the introductory paragraph of this Agreement.

  • ABL Collateral Agent means the “Collateral Agent” as defined in the ABL Credit Agreement.

  • Trust Collateral Agent means such successor Person.

  • Applicable Collateral Agent means (i) until the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Collateral Agent for the Series of First Lien Obligations represented by the Major Non-Controlling Representative.

  • Supplemental Collateral Agent has the meaning assigned to that term in subsection 9.1B.

  • Controlling Collateral Agent means (i) until the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the Additional Collateral Agent (acting on the instructions of the Applicable Authorized Representative).

  • Collateral Agent as defined in the preamble hereto.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • Notes Collateral Agent means such successor collateral agent, and the retiring Notes Collateral Agent’s appointment, powers and duties as the Notes Collateral Agent shall be terminated. After the retiring Notes Collateral Agent’s resignation hereunder, the provisions of this Section 12.08 (and Section 7.07) shall continue to inure to its benefit and the retiring Notes Collateral Agent shall not by reason of such resignation be deemed to be released from liability as to any actions taken or omitted to be taken by it while it was the Notes Collateral Agent under this Indenture.

  • Collateral Agents means the Credit Agreement Collateral Agent, the Notes Collateral Agent and each Additional Collateral Agent.

  • Collateral Trustee has the meaning set forth in the preamble.

  • First Lien Collateral Agent means the First Lien Credit Agreement Collateral Agent and any Additional First Lien Obligations Agent.

  • Basic Collateral Agency Agreement means the Amended and Restated Basic Collateral Agency Agreement, dated as of March 1, 2009, among Daimler Trust, the Administrative Agent, Daimler Title Co., as collateral agent, and MBFS USA, as lender and as servicer.

  • Collateral has the meaning set forth in Section 2.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • Control Agent has the meaning specified in the Intercreditor Agreement.

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • Term Loan Collateral Agent means Credit Suisse, Cayman Islands Branch, as collateral agent for the lenders under the Term Loan Credit Agreement, together with its respective successors and permitted assigns under the Term Loan Credit Agreement exercising substantially the same rights and powers, or such other agent as may from time to time be appointed thereunder.

  • Collateral Agent Fee means the fee payable to the Collateral Agent in arrears on each Quarterly Payment Date in an amount specified in the Collateral Agent Fee Letter.

  • Second Lien Collateral Agent means the “Collateral Agent” under and as defined in the Second Lien Credit Agreement.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Collateral Agent Fees shall have the meaning assigned to such term in Section 2.12(c).

  • Secured Party as used in this Annex means only Party B, (b) the term “Pledgor” as used in this Annex means only Party A, (c) only Party A makes the pledge and grant in Paragraph 2, the acknowledgement in the final sentence of Paragraph 8(a) and the representations in Paragraph 9.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).