Examples of Secured Party in a sentence
U.S. Bank Trust Company, National Association, in its capacity as Secured Party hereunder shall be afforded all of the rights, powers, immunities and indemnities that are afforded to the Collateral Agent under the Credit Agreement as if such rights, powers, immunities and indemnities were specifically set forth herein.
The Securities Intermediary will send copies of all statements, confirmations and other correspondence relating to each Secured Account (and/or any financial assets credited thereto) simultaneously to the Debtor, the Administrative Agent and the Secured Party.
Notwithstanding anything that may be construed to the contrary, it is understood and agreed that the Securities Intermediary is not, nor shall it be considered to be, an agent, of the Secured Party.
The Securities Intermediary shall promptly notify the Debtor, the Administrative Agent and the Secured Party if a Responsible Officer of the Securities Intermediary with direct responsibility for administration of this Agreement has actual knowledge of or receives written notice that any Person asserts or seeks to assert a lien, encumbrance or adverse claim against any portion or all of the property credited to any Secured Account.
Section 2 Each of the Debtor and the Secured Party hereby appoints the Securities Intermediary as securities intermediary hereunder.