Inventory Collateral Agent definition

Inventory Collateral Agent has the meaning given to it in the introductory paragraph hereof.

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Inventory Collateral Agent shall have the meaning provided in the Intercreditor Agreement.

Inventory Collateral Agent means ▇▇▇▇▇ Fargo Bank, National Association, acting as collateral agent for Barclays’ collateral under the Intercreditor Agreement and the Inventory Security Documents.

Examples of Inventory Collateral Agent in a sentence

• The rights of the Inventory Collateral Agent under this Agreement (a) may be exercised as often as necessary; (b) are cumulative and not exclusive of its rights under law or in equity, and (c) may be waived only in writing and specifically.

• The Inventory Collateral Agent will not be obligated to make any sale of Collateral regardless of notice of sale having been given.

• This includes the execution and delivery of any transfer, assignment or other agreement or document, whether to the Inventory Collateral Agent or its nominee, which is necessary or the Inventory Collateral Agent reasonably deems advisable.

• Subject to the Intercreditor Agreement, this Security may be enforced by the Inventory Collateral Agent at any time after a Trigger Event has occurred and is continuing.

• This will help to avoid any conflict with Employee’s previous employers.

• Any moneys received in connection with the Collateral by the Inventory Collateral Agent after this Security has become enforceable must be applied in accordance with the terms of the Intercreditor Agreement.

• The Inventory Collateral Agent will have no obligation to take any steps to preserve any claim or other right against any Person or with respect to any Collateral.

• The Inventory Collateral Agent shall act hereunder on the terms and conditions set forth herein, in the Inventory Documents and in the Intercreditor Agreement.

• It is expressly understood and agreed that the obligations of the Inventory Collateral Agent as holder of the Collateral and interests therein and with respect to the disposition thereof, and otherwise under this Agreement, are only those expressly set forth in this Agreement, the Inventory Documents and the Intercreditor Agreement.

• To the extent allowed by law, the Inventory Collateral Agent or any other Secured Party may take (i) proceedings in any other court and (ii) concurrent proceedings in any number of jurisdictions.

More Definitions of Inventory Collateral Agent

Inventory Collateral Agent has the meaning given to it in the introductory paragraph hereof. Inventory Insurance Collateral means (a) Insurance Proceeds and (b) the Insurance Proceeds Account and (c) all cash, instruments, investment property and other financial assets at any time on deposit in or credited to the Insurance Proceeds Account, including all income, earnings, dividends, interest, gain, profit and distributions thereon and all proceeds, products and accessions of and to any and all of the foregoing, including whatever is received or receivable upon any collection, exchange, sale or other disposition of any of the foregoing and any property or assets into which any of the foregoing is converted, whether cash or non-cash proceeds, and any and all other amounts paid or payable under or in connection with any of the foregoing and all security entitlements in connection therewith. Inventory Party means Barclays Bank PLC. Issuer has the meaning given to such term in paragraph (a) of the definition of Pledged Capital Stock. Joinder Agreement has the meaning given to it in Section 10.5 (Additional Grantor).

Inventory Collateral Agent has the meaning given to it in the Framework Agreement.