DIP Collateral Agent definition
Examples of DIP Collateral Agent in a sentence
Unless otherwise expressly provided in this Agreement, if any matter in this Agreement is subject to the consent or approval of the Canadian DIP Collateral Agent or is to be acceptable to the Canadian DIP Collateral Agent, such consent, approval or determination of acceptability will be in the sole discretion of the Canadian DIP Collateral Agent.
Except as expressly set forth herein, the execution of this Agreement shall not operate as a waiver of any right, power or remedy of the DIP Administrative Agent, the DIP Collateral Agent or the Existing DIP Lenders, nor constitute a waiver of any provision of any of the DIP Credit Documents.
All notices and other communications given under or with respect to this Agreement will be in writing and may be sent by facsimile, mailed or delivered to the Canadian DIP Collateral Agent at its address Canadian Imperial Bank of Commerce, 161 ▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇, (▇acsimile (416) ▇▇▇-▇▇▇▇) ▇▇r the attention of the Manager-Agency, or to any Chargor care of Phil▇▇ ▇▇ 100 ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇.▇.
One or more of the Investors may execute a separate counterpart of this Agreement which has also been executed by the Borrower, and this Agreement shall become effective as and when all of the Investors and the Supplemental DIP Collateral Agent have executed this Agreement or a counterpart thereof.
All Proceeds of Pledged Collateral of a Pledgor received by the Canadian DIP Collateral Agent shall be applied in accordance with, and in the manner set forth in, the Orders.
At any time during the continuance of an Event of Default the Canadian DIP Collateral Agent may in its own name or in the name of others (including any Chargor) communicate with account debtors under any of the Accounts of any Chargor and parties to any of the Contracts of such Chargor to verify with them to its satisfaction the existence, status, amount and terms of any such Account or any such Contract.
As to any matters not expressly provided for by this Agreement or the other DIP Loan Documents, the DIP Collateral Agent shall not be required to exercise any discretion or take any action.
This indemnification shall be binding upon the successors and assigns of the Borrower and shall inure to the benefit of the Supplemental DIP Collateral Agent and the Investors and their respective directors, officers, employees, agents, and collateral trustees, and their successors and assigns.
Exercise against such Chargor and any or all of the Collateral of such Chargor all of the rights and remedies granted to secured parties under the PPSA and any other applicable statute, or otherwise available to the Canadian DIP Collateral Agent by contract, under statute, at law or in equity.
Nothing in this Section shall be deemed to in any way limit the ability of the Canadian DIP Collateral Agent or any other Credit Provider to serve any such writs, processes, statements, correspondence or summonses in any other manner permitted by applicable law or to obtain jurisdiction over any Pledgor in such other jurisdictions, and in such manner, as may be permitted by applicable law.