Examples of Collateral Agent Obligations in a sentence
Notwithstanding anything to the contrary in this Agreement, the Collateral Agent shall have the right to apply any of the funds held by the Collateral Agent in the Collateral Account to Collateral Agent Obligations.
By delivery of a Deposit Taker's Acknowledgment and Agreement, each Deposit Taker agrees not to setoff or attempt a setoff of, without in each case first obtaining the prior written authorization of Collateral Agent, Obligations owed to it against any Pledged Collateral held by it from time to time.
All sums disbursed by the Collateral Agent in connection with this paragraph, including attorneys’ fees, court costs, expenses and other charges relating thereto, shall be payable, by the Grantors to the Collateral Agent and shall be additional Collateral Agent Obligations secured hereby.
The Collateral Agent shall make distributions from the Shared Collateral Account from time to time when directed by the Directing Party or at such other times as may be required by Law, except that the Collateral Agent shall have the right at any time to apply moneys held by it in the Shared Collateral Account to the payment of due and unpaid Collateral Agent Obligations.
Notwithstanding anything to the contrary in this Agreement, the Collateral Agent shall have the right to apply any of the funds held by the Collateral Agent in the Shared Collateral Account to Collateral Agent Obligations.