Collateral Trust Accession definition
Collateral Trust Accession means an accession to the Collateral Trust and Agency Agreement whereby a Secured Party (or representative thereof) is joined to the Collateral Trust and Agency Agreement and obtains the benefit of the Collateral Documents.
Collateral Trust Accession means an agreement substantially in the form of Exhibit A (in the case of additional Obligors) and Exhibit B (in the case of additional Secured Parties).
Examples of Collateral Trust Accession in a sentence
This Collateral Trust Accession is being executed and delivered pursuant to Section 3.08(b) of the Collateral Trust and Agency Agreement as a condition precedent to the Indebtedness for which the undersigned is acting [as agent / as trustee / in its own capacity] being entitled to the benefits of constituting Secured Obligations under the Collateral Trust Agreement.
The provisions of Article 9 of said Collateral Trust and Agency Agreement will apply with like effect to this Collateral Trust Accession.