Examples of SPV Collateral Agent in a sentence
Accordingly, in order to induce the SPV Collateral Agent to permit the pledge of the Fingerhut SPV Stock, the parties hereto agree to the following limitations relating only to the pledge of the Fingerhut SPV Stock and not to any other Pledged Collateral.
This Agreement shall define the relative rights of the Notes Collateral Agent and the Note Facility Secured Parties, on the one hand, and the SPV Collateral Agent and the SPV Secured Parties, on the other hand.
The terms and provisions of this Agreement shall be for the sole benefit of the Notes Collateral Agent and the Note Facility Secured Parties under the Note Facility and the SPV Collateral Agent and the SPV Secured Parties under the SPV Credit Documents, the other parties hereto and their respective successors and assigns, and no other person, firm, entity or corporation shall have any right, benefit, priority, or interest under, or because of this Agreement.
Accordingly, in order to induce the SPV Collateral Agent to permit the pledge of the Bluestem SPV Stock, the parties hereto agree to the following limitations relating only to the pledge of the Bluestem SPV Stock and not to any other Pledged Collateral.
The provisions of this Article XI shall continue to be effective or be reinstated, as the case may be, if at any time any payment made pursuant to the Receivables Purchase Agreement is rescinded or must otherwise be returned by the SPV Collateral Agent or any of the lenders upon the insolvency, bankruptcy or reorganization of the Grantor or the Bluestem SPV or otherwise, all as though such payment had not been made.
The Grantor is the direct, sole beneficial owner and sole holder of record of the Pledged Collateral listed on Exhibit D as being owned by it, free and clear of any Liens, except for (i) the first priority security interest of the SPV Collateral Agent in the Pledged Collateral; (ii) the second priority security interest granted to the Administrative Agent for the benefit of the Lenders hereunder; and (iii) the third priority security interests of the Senior Subordinated Agent.
The Borrower and the Notes Collateral Agent hereby agree that they shall not modify the provisions of the Bluestem Securities Purchase Agreement or Bluestem Securities Security Agreement (or any document related to the transactions contemplated hereby) in any manner that adversely affects the SPV Collateral Agent and the Lenders under the SPV Credit Agreement, without the consent of the SPV Collateral Agent, such consent not to be unreasonably withheld, conditioned or delayed.
Promptly following the date on which all Obligations under and as defined in the SPV Credit Agreement are paid in full, SPV Collateral Agent shall, subject to the provisions of the JPM Intercreditor Agreement and the Subordination and Intercreditor Agreement, deliver the Bluestem SPV Stock, if any, in its possession to the Notes Collateral Agent (except as may otherwise be required by applicable law or court order).
Securities Security Agreement, the Borrower has granted a perfected security interest (subject only to (x) the first priority security interest of the SPV Collateral Agent in the Fingerhut SPV Stock and (y) certain Liens securing the Senior Debt (as defined in the Subordination and Intercreditor Agreement) as set forth in the Subordination and Intercreditor Agreement) in the Note Collateral to the Notes Collateral Agent, for the benefit of itself and the Purchasers (the “Note Facility Secured Parties”).
In the event that the Obligations under the SPV Revolving Credit Agreement (as defined therein) have been paid in full and the other SPV Credit Documents and liens created thereunder shall have been terminated or released, then the SPV Collateral Agent shall promptly notify the other parties hereto, and the SPV Collateral Agent thereafter shall no longer have any rights or obligations hereunder.