Collateral Manager definition
Examples of Collateral Manager in a sentence
No consent or waiver, express or implied, by Administrative Agent to or for any breach of or deviation from any covenant or condition by Borrower or Collateral Manager shall be deemed a consent to or waiver of any other breach of the same or any other covenant, condition or duty.
Borrower, Collateral Manager and Administrative Agent agree that the Agreement and the other Transaction Documents, as amended hereby, shall continue to be legal, valid, binding and enforceable in accordance with their respective terms.
The Collateral Manager assumes no responsibility or liability hereunder other than to render the services required to be performed hereunder subject to the standards of conduct described in Section 6.2(b) above.
During the occurrence and continuance of an Event of Default, the foregoing provision with respect to the release to the Collateral Manager of the Required Loan Documents and documents by the Document Custodian upon request by the Collateral Manager shall be operative only to the extent that the Administrative Agent have consented to such release.
Each Transaction Document to which the Collateral Manager is a party constitutes a legal, valid and binding obligation of the Collateral Manager enforceable against the Collateral Manager in accordance with its respective terms, except as such enforceability may be limited by Insolvency Laws and general principles of equity (whether considered in a suit at law or in equity).