Intercompany Collateral Agent definition

Intercompany Collateral Agent means LaSalle in its capacity as Intercompany Collateral Agent.
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Intercompany Collateral Agent means the Cayman Subsidiary or any other collateral agent appointed on behalf of one or more Intercompany Lender to hold collateral on its behalf pursuant to the collateral agency agreement dated as of the date hereof, as may be amended from time to time.
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Intercompany Collateral Agent means Congress Financial Corporation (Central), in its capacity as grantee of liens under Section 6 hereof for the benefit of the Lending Companies.
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Examples of Intercompany Collateral Agent in a sentence

  • The parties hereto agree and acknowledge that the liens and security interests granted by the Borrowing Companies under Section 6(b) hereof to Intercompany Collateral Agent, for the benefit of the Lending Companies, are junior and subordinated in all respects to the liens and security interests granted by the Borrowing Companies under the Financing Agreements to Agent, for the benefit of the Lenders, as more particularly described in the Subordination Agreement.

  • To the extent that the undertaking to indemnify, pay and hold harmless set forth herein may be unenforceable because it violates any law or public policy, each Company shall pay the maximum portion which it is permitted to pay under applicable law to Intercompany Collateral Agent in satisfaction of indemnified matters under this Section 6(d).

  • Accordingly, no Lending Company shall request that Intercompany Collateral Agent take any action or exercise any right or remedy in respect of the Collateral for the benefit of any Lending Company.