Examples of Real Property Collateral in a sentence
Without limiting the generality of the foregoing, the Lenders hereby expressly authorize the Administrative Agent, the Collateral Agent and the Real Property Collateral Agent to execute any and all documents (including releases) with respect to the Collateral and the rights of the Secured Parties with respect thereto, as contemplated by and in accordance with the provisions of this Agreement and the Collateral Documents and acknowledge and agree that any such action by any Agent shall bind the Lenders.
The exculpatory provisions of this Article shall apply to any such sub-agent and to the Agent-Related Persons of the Administrative Agent, the Collateral Agent, the Real Property Collateral Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the Facilities as well as activities as Administrative Agent, the Collateral Agent or Real Property Collateral Agent.
Pledgor agrees to use commercially reasonable efforts to, within ninety (90) days of the date of this Note, obtain and record or cause to be recorded a release from Frost Bank of those certain deeds of trust or other security instruments listed on Exhibit D attached hereto pursuant to which Dansk Pipeline, L.P. has granted a lien in favor of Western National Bank (as predecessor in interest of Frost Bank) upon any of the Real Property Collateral.
Such security interests and Liens will be created under the Collateral Documents and, to the extent necessary, other security agreements and other instruments and documents in form reasonably satisfactory to the Collateral Agent or the Real Property Collateral Agent, as the case may be.
The Administrative Agent, the Collateral Agent, the Real Property Collateral Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Agent-Related Persons.