Subordinated Collateral Agent definition

Subordinated Collateral Agent means the collateral agent under the Subordinated Facility.

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Subordinated Collateral Agent means Prudential Capital Partners II, L.P.

Subordinated Collateral Agent means General Electric Capital Corporation in its capacity as collateral agent under the Subordinated Mortgages.

Examples of Subordinated Collateral Agent in a sentence

The Grantor hereby authorizes the Subordinated Collateral Agent to attach each Amendment to this Security Agreement and agrees that all additional Collateral set forth in such Amendments shall be considered to be part of the Collateral.
The Subordinated Collateral Agent and each Holder shall use reasonable care with respect to the Collateral in its possession or under its control.
The Grantor will, if so requested by the Subordinated Collateral Agent, furnish to the Subordinated Collateral Agent, as often as the Subordinated Collateral Agent requests, statements and schedules further identifying and describing the Collateral and such other reports and information in connection with the Collateral as the Subordinated Collateral Agent may reasonably request, all in such detail as the Subordinated Collateral Agent may specify.
The Subordinated Collateral Agent agrees that, except for the powers granted in Section 6.2(a)(i)-(vi) and Section 6.2(a)(xvi), it shall not exercise any power or authority granted to it unless an Event of Default has occurred and is continuing.
The Grantor hereby authorizes the Subordinated Collateral Agent to file, and if requested will deliver to the Subordinated Collateral Agent, all financing statements and other documents and take such other actions as may from time to time be requested by the Subordinated Collateral Agent in order to maintain a first perfected security interest in and, if applicable, Control of, the Collateral.
This Security Agreement embodies the entire agreement and understanding between the Grantor and the Subordinated Collateral Agent relating to the Collateral and supersedes all prior agreements and understandings between the Grantor and the Subordinated Collateral Agent relating to the Collateral.
The Subordinated Collateral Agent shall have no obligation to clean-up or otherwise prepare the Collateral for sale.
The Grantor has good and valid rights in or the power to transfer the Collateral and title to the Collateral with respect to which it has purported to grant a security interest hereunder, free and clear of all Liens except for Liens permitted under Section 4.1(e), and has full power and authority to grant to the Subordinated Collateral Agent the security interest in such Collateral pursuant hereto.
The Grantor shall take all steps necessary to grant the Subordinated Collateral Agent Control of all electronic Chattel Paper in accordance with the UCC and all “transferable records” as defined in each of the Uniform Electronic Transactions Act and the Electronic Signatures in Global and National Commerce Act.
The powers conferred on the Subordinated Collateral Agent, for the benefit of the Subordinated Collateral Agent and Holders, under this Section 6.2 are solely to protect the Subordinated Collateral Agent’s interests in the Collateral and shall not impose any duty upon the Subordinated Collateral Agent or any Holder to exercise any such powers.

More Definitions of Subordinated Collateral Agent

Subordinated Collateral Agent means (a) prior to the Discharge of First Lien Obligations, the Second Lien Collateral Agent and the Third Lien Claimholder and (b) following the Discharge of First Lien Obligations but prior to the Discharge of Second Lien Obligations, the Third Lien Claimholder.

Subordinated Collateral Agent means NewSpring, in its capacity as collateral agent for NewSpring and Peachtree under the terms of the NewSpring/Peachtree Subordinated Debt Documents.

Subordinated Collateral Agent means JCF AFFM Debt Holdings, L.P., in its capacity as collateral agent under the Closing Date Subordinated Credit Agreement, and its successors and permitted assigns.

Subordinated Collateral Agent means ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Senior Funding, Inc., in its capacity as subordinated collateral agent for purposes of the Subordinated Security Agreement and Subordinated Pledge Agreement, together with any duly appointed successors thereto.

Subordinated Collateral Agent means U.S. Bank National Association, in its capacity as collateral agent for the Trustee and the Bondholders and the Claims Agent and the General Claim Holders and its successors and assigns in such capacity.