Examples of Lenders Collateral in a sentence
So long as Collateral Agent and the Lenders comply with reasonable banking practices regarding the safekeeping of the Collateral in the possession or under the control of Collateral Agent and the Lenders, Collateral Agent and the Lenders shall not be liable or responsible for: (a) the safekeeping of the Collateral; (b) any loss or damage to the Collateral; (c) any diminution in the value of the Collateral; or (d) any act or default of any carrier, warehouseman, bailee, or other Person.
Except for documents expressly required by any Loan Document to be transmitted by Collateral Agent to the Lenders, Collateral Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business, prospects, operations, Property, financial and other condition or creditworthiness of Borrower or any Affiliate of Borrower that may come in to the possession of Collateral Agent or any of its Related Persons.
Subject to Section 9.5, without further written consent or authorization from Lenders, Collateral Agent may execute any documents or instruments necessary to release any Lien encumbering any item of Collateral that is the subject of a sale or other disposition of assets permitted hereby or to which Requisite Lenders (or such other Lenders as may be required to give such consent under Section 9.5) have otherwise consented.
Fully executed (except by Agent and the Lenders) Collateral Access Agreements reasonably requested by Agent with respect to the Collateral.
The rights, remedies, powers and privileges of Lenders, Collateral Agent and Administrative Agent herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.
Unless otherwise expressly provided for herein or in any other Loan Document, any determination, approval, consent or action required or permitted to be taken by any Lender, Required Lenders, Collateral Agent or Administrative Agent pursuant to this Agreement and any other Loan Document may be exercised, made or withheld in the sole discretion of the Lender, Required Lenders, Collateral Agent or Administrative Agent, as applicable.
The Subordinate Lender further agrees that it will release its security interest on any collateral (including the Subordinated Lenders' Collateral) for the Senior Liabilities upon the sale or other disposition thereof at the request of the Bank, whether or not any proceeds therefrom will pay any of the Subordinated Liabilities.
In addition, the parties hereto agree that, in the event of any conflict between the provisions of this Agreement and the terms or provisions of the Revolver-Term Loan Intercreditor Agreement with respect to the Lenders Collateral, the Revolver-Term Loan Intercreditor Agreement shall govern and control solely as between the Revolving Agent and the Revolving Lenders, on the one hand, and the Term Loan Agent and the Term Loan Lenders, on the other hand.
Each party hereto shall, upon reasonable request of any other party hereto, provide copies of all such modifications or amendments and copies of all other agreements, instruments, filings or documentation relevant to the Statoil Assets and Collateral or the Lenders Collateral.
For the avoidance of doubt, each party hereto (i) acknowledges the existence of the Revolver-Term Loan Intercreditor Agreement and (ii) agrees that the Revolver-Term Loan Intercreditor Agreement shall govern and control all matters with respect to the Lenders Collateral as between the Revolving Agent and Revolving Lenders, on the one hand, and the Term Loan Agent and Term Loan Lenders, on the other hand.