Collateral Monitor definition

Collateral Monitor means HSBC, when acting in its capacity as Collateral Monitor under any of the Loan Documents, and any successor thereto.

Collateral Monitor s reports may contain confidential information which is non-public, confidential or proprietary in nature, and therefore is being provided to Agent and Banks on a confidential basis and is to be used for the sole purpose of assisting Agent and Banks in their independent credit analysis of Borrower and its Subsidiaries as described above. Except as may be required by applicable law or by any federal regulator or any auditor of Agent or any Bank, each Bank and Agent will not disclose any of the contents of such reports to any person, including Borrower and its Subsidiaries, other than those officers, directors, employees, representatives and professional advisors of such Bank or Agent or who need to know the contents thereof for the purpose of such credit analysis described above. The Collateral Monitor shall have no duties or responsibilities except those expressly set forth in this Agreement and any other Loan Document. The Collateral Monitor shall not be bound by any waiver, amendment, supplement or modification of this Agreement or any other Loan Document which affects its duties hereunder or thereunder unless it shall have given its prior written consent.

Collateral Monitor a collateral monitor appointed by Borrower under a Collateral Monitor Agreement.

Examples of Collateral Monitor in a sentence

• Each Bank and Agent acknowledge and agree that: (i) any and all reports prepared by Collateral Monitor are being supplied to them solely to assist them in their own independent credit analysis of Borrower and its Subsidiaries and (ii) Collateral Monitor makes absolutely no representation or warranty whatsoever regarding (x) the accuracy completeness or adequacy of such reports or (y) any financial or other information contained therein or the financial condition of Borrower and its Subsidiaries.

• It is further understood and agreed that Collateral Monitor shall not incur any liability to Agent or Banks whatsoever in connection with the delivery of such reports or the contents of such reports or their use thereof or reliance thereon and Agent and Banks each hereby waive any and all claims that they may now or hereafter have against Collateral Monitor in connection therewith.

• Borrower agrees to reimburse the Agent, Collateral Monitor and each of the Banks, on demand for all costs, expenses, and charges (including, without limitation, all reasonable fees and charges of external legal counsel for the Agent, Collateral Monitor, HSBC and each Bank) incurred by Agent, Collateral Monitor, or any Bank, in connection with the preparation of the Loan Documents.

• Borrower agrees to reimburse the Agent, Collateral Monitor, each Letter of Credit Issuing Bank, and each of the Banks on demand for all costs, expenses, and charges (including, without limitation, all fees and charges of external legal counsel for the Agent, Collateral Monitor, and each Bank) incurred by the Agent, Collateral Monitor, or any Bank in connection with the performance, or enforcement of this Agreement, the Notes, or any other Loan Documents.

• The Collateral Monitor is entitled to receive a fee payable by the Umbrella Fund and accrued on a daily basis.

More Definitions of Collateral Monitor

Collateral Monitor means LaSalle Business Credit, Inc., in its capacity as collateral monitor for the Lenders, and its successors in such capacity (including any successor designated by the Majority Lenders).

Collateral Monitor means Citibank N.A., New York Offices or any successor collateral monitor which may be appointed in accordance with the terms of the Collateral Monitoring Deed.

Collateral Monitor means FundRock Management Company S.A. "Company Law" means the Luxembourg law of 10 August 1915 on

Collateral Monitor shall have the meaning set forth in the Introduction.

Collateral Monitor means Ernst & Young or other successor collateral monitor selected in accordance with SECTION 6.11.

Collateral Monitor shall have the meaning assigned to such term in the preamble hereof.

Collateral Monitor means FLEET NATIONAL BANK in its capacity as collateral monitor and documentation agent for the Secured Parties hereunder and its successors and assigns. COMMITMENT means (i) with respect to each Bank listed on the signature pages hereof, the amount set forth opposite the name of such Bank on the signature pages hereof and (ii) with respect to each Assignee that becomes a Bank pursuant to Section 9.6(c), the amount of the Commitment thereby assumed by it, in each case as such amount may be increased or reduced from time to time pursuant to Section 2.8, 2.18 or 9.6(c). As of the date of this Agreement the aggregate principal amount of the Commitments is $80,000,000.