Hypothecary Representative definition
Examples of Hypothecary Representative in a sentence
The substitution of the Administrative Agent pursuant to the provisions of this Article VIII also constitutes the substitution of the Hypothecary Representative.
The Administrative Agent, acting as the Hypothecary Representative, shall have the same rights, powers, immunities, indemnities and exclusions from liability as are prescribed in favor of Administrative Agent in this Agreement, which shall apply mutatis mutandis to it acting as the Hypothecary Representative.
Any Person who becomes a Lender shall, by its execution of an Assignment and Assumption Agreement, be deemed to have consented to and confirmed the Hypothecary Representative as the Person acting as hypothecary representative holding the aforesaid hypothecs as aforesaid and to have ratified, as of the date it becomes a Lender, all actions taken by the Hypothecary Representative in such capacity.