Examples of Additional Collateral Agreements in a sentence
Notwithstanding anything to the contrary in this Agreement, Servicer shall service and administer all Additional Collateral, it being understood and agreed that only Servicer shall service and administer the related securities accounts with respect to Additional Collateral Agreements.
Upon execution and delivery of the Additional Collateral Agreements, the obligations of the Issuer and the Guarantors under the Indenture, the Notes and the Note Guarantees will also be secured by a Lien granted to the Collateral Agent in the Drilling Unit, the Earnings Account, proceeds of hull and machinery and loss of hire insurance in respect of the Drilling Unit and its operations and the Earnings derived from or related to a Drilling Contract.
Commencing on May 1, 1995, in the event all amounts due under the Note, as amended by the Note Modification, have not been paid to Lender, the Future Additional Collateral Agreements shall be subject to all of the terms and conditions of the Loan Agreement, including, without limitation, paragraph 2 thereof.
The assignment of the Additional Collateral Agreements shall be evidenced by Borrower's execution and delivery to Lender concurrently herewith of an Assignment of Purchase Agreements in the form of that attached hereto as Exhibit "C" and incorporated herein by this reference (the "Additional Collateral Agreements Assignment").
Notwithstanding anything to the contrary in this Agreement, Seller shall service and administer all Additional Collateral, it being understood and agreed that only Seller shall service and administer the related securities accounts, lines of credit, Equity Access® Mortgages, and guarantees with respect to Additional Collateral Agreements.