Collateral Sharing definition

Collateral Sharing. Agreement shall mean the Collateral Sharing ---------------------------- Agreement among the Administrative Agent, the Loan Parties, the Term Loan Parties, the administrative agent under the Term Loan Agreement and the Collateral Agent, substantially in the form of Exhibit 1.01(C)(1). ------------------- Combined Commitment shall mean, as to any Bank, as of any date of ------------------- determination, the aggregate of its Revolving Credit Commitment and its Term Loan Commitment (if any). Commitment shall mean as to any Bank its Revolving Credit Commitment ---------- and Commitments shall mean the aggregate of the Revolving Credit Commitments of ----------- all of the Banks.

Collateral Sharing. AGREEMENT shall mean an Intercreditor and Collateral Agency Agreement to be entered into among the Agent, the Loan Parties and the trustee under the Required Note Refinancing [in the form attached hereto as Exhibit 1.1(C).

Collateral Sharing. AGREEMENT shall mean the Collateral Sharing Agreement among Southland, the Agents and the Swap Provider providing for the Agents to act on behalf of the Swap Provider and the Lenders and for the Collateral to be shared among the Swap Provider and the Lenders as set forth therein, which agreement shall be substantially in the form of Exhibit E annexed hereto.

Examples of Collateral Sharing in a sentence

• By becoming a party to this Agreement, each Grantor agrees to be bound by the terms of the Collateral Sharing Agreement and, without limiting the generality of the foregoing, expressly agrees that all obligations and liabilities of a Grantor thereunder apply to such Grantor with the same force and effect as if such Grantor were a signatory thereto.

• Each of Financing Source and [Senior] Beneficiary agrees to be bound by the terms of this Supplement[, the Collateral Sharing Agreement referenced in Section 4 below] and the Master Collateral Agency Agreement and hereby authorizes the Master Collateral Agent to act on its behalf hereunder and thereunder with respect to the Financing Source Master Collateral.

• No amendment or waiver of any provision of this Agreement nor consent to any departure by the Grantor herefrom shall in any event be effective unless the same shall be in writing and signed by the Agent (in accordance with the Collateral Sharing Agreement) and the Grantor, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given.

• The Grantor will upon demand pay to the Agent the amount of any and all reasonable expenses, including the reasonable fees and disbursements of its counsel and of any experts and agents, as provided in the Credit Agreements, the Note Agreements, and/or the Collateral Sharing Agreement.

• The Second Lien Agent (directly or through co-trustees, agents or sub-agents) will act as Second Lien Agent pursuant to the Collateral Sharing Agreement, the Intercreditor Agreement and the Security Documents and will hold, and will be entitled to enforce, all Liens on the Collateral created by the Security Documents.

• We further refer to Clause 14.5 (New Lender) of the SPV Collateral Sharing Agreement.

• The Administrative Agent is authorized to enter into the Collateral Sharing Agreement and perform its obligations thereunder, and the parties hereto acknowledge that the Collateral Sharing Agreement is binding upon them.

• By becoming a party to this Agreement, each Pledgor agrees to be bound by the terms of the Collateral Sharing Agreement and, without limiting the generality of the foregoing, expressly agrees that all obligations and liabilities of a Pledgor thereunder apply to such Pledgor with the same force and effect as if such Pledgor were a signatory thereto.

• Notwithstanding the foregoing, nothing in this Section 2.20 shall be deemed to require any Term Lender to take any action which is inconsistent with the priority repayment rights of the Term Lenders over the Revolving Lenders provided in the Collateral Sharing Agreement.

• Within three (3) Business Days of the First Amendment Effective Date, Borrower shall provide Collateral Agent with original executed signature pages to the Collateral Sharing Agreement from Borrower and RPI.