Collection Parties definition

Collection Parties means the Securitization Secured Parties and the Exterran Lenders.
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Collection Parties means the Securitization Secured Parties and the UCI Lenders.
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Collection Parties means the Securitization Secured Parties, the Bank Lenders, and the Bank Agent.
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Examples of Collection Parties in a sentence

  • The Collection Parties hereby agree that the Lockbox Account shall be under the exclusive dominion and control of the Intercreditor Collateral Agent and the Collection Parties shall not, and shall have no right to, make withdrawals therefrom, give any instructions with respect thereto, or have access thereto.

  • This Agreement is intended solely for the benefit of the Collection Parties and EXLP and their respective successors and assigns and no other Person shall have any right, power, benefit, privilege, priority or interest under or through this Agreement.

  • The Intercreditor Collateral Agent shall not have, by reason of this Agreement or any Securitization Document or Exterran Lender Document, a fiduciary relationship in respect of any Collection Parties or EESLP and nothing herein expressed or implied, is intended to or shall be so construed as to impose upon the Intercreditor Collateral Agent any obligations in respect of any Securitization Document or Exterran Lender Document except as expressly set forth herein.

  • Notwithstanding the foregoing, the Intercreditor Collateral Agent and each of the Collection Parties agree that Universal shall have the right to allocate Collections in the Lockbox Account to the extent provided in Section 7(a)(i), 7(a)(ii), 7(c) or 8(a) hereof and disburse any Non-Securitization Collections to the extent so permitted in accordance with Section 7(b)(i) hereof.

  • The Collection Parties hereby agree that the Lockbox Accounts shall be under the exclusive dominion and control of the Intercreditor Collateral Agent as aforesaid, and the Collection Parties shall not, and shall have no right to, make withdrawals therefrom, give any instructions with respect thereto, or have access thereto.

  • The Intercreditor Collateral Agent shall not have, by reason of this Agreement or any Securitization Document or Exterran Lender Document, a fiduciary relationship in respect of any Collection Parties or EI and nothing herein expressed or implied, is intended to or shall be so construed as to impose upon the Intercreditor Collateral Agent any obligations in respect of any Securitization Document or Exterran Lender Document except as expressly set forth herein.

  • The Lockbox Account shall at all times be held in the name of, and under the exclusive dominion and control of, the Intercreditor Collateral Agent for the benefit of the Collection Parties and UCI, at the expense of UCI.

  • The Intercreditor Collateral Agent shall not have, by reason of this Agreement or any Securitization Document or UCI Lender Document, a fiduciary relationship in respect of any Collection Parties or UCI and nothing herein expressed or implied, is intended to or shall be so construed as to impose upon the Intercreditor Collateral Agent any obligations in respect of any Securitization Document or UCI Lender Document except as expressly set forth herein.

  • Except as set forth above with respect to the Intercreditor Collateral Agent’s duties with respect to the Collections in its possession or under its control, neither the Intercreditor Collateral Agent nor any of its officers, directors, employees or agents shall be liable to the Collection Parties or UCI for any action taken or omitted by it as such hereunder, or in connection herewith, unless caused by its or their gross negligence or willful misconduct.

  • The Collection Parties hereby agree that the Lockbox Account shall be under the exclusive dominion and control of the Intercreditor Collateral Agent and the Collection Parties shall not, and shall have no right to, make withdrawals therefrom or have access thereto.