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 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.

Examples of Collateral Monitor in a sentence

• The Collateral Value at any time of any Eligible Collateral shall be the amount determined by the Collateral Monitor to be the Collateral Value of that Eligible Collateral at that time (such amount to take into account the Securities Discount and Currency Discounts referred to in paragraph 4 (Eligible Collateral) below and the application of the Concentration Limit) under and in accordance with the Collateral Monitoring Deed.

• On each day on which there is an Outstanding Facility Amount, the Company shall deliver (or shall ensure that the Collateral Monitor delivers) to the Facility Agent and the Security Agent (and, if applicable, the relevant Swingline Agent) a Collateral Report in accordance with paragraph 8 (Collateral Reports) of Part I of Schedule 6 (Borrowing Base).

• If an Agent is an Impaired Agent, the Parties and the Collateral Monitor may, instead of communicating with each other through such Agent, communicate with each other directly and (while such Agent is an Impaired Agent) all the provisions of the Finance Documents which require communications to be made or notices to be given to or by such Agent shall be varied so that communications may be made and notices given to or by the relevant Parties or the Collateral Monitor directly.

More Definitions of Collateral Monitor

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

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 any Person appointed to act as “collateral monitor” under any Collateral Monitor Agreement, together with any such Person’s Affiliates, or any successor collateral monitors in such capacity.

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

Collateral Monitor as defined in the Custodian Agreement.

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

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