Examples of Taiwan Collateral Agent in a sentence
The Issuers and the Trustee (for itself and as trustee on behalf of the Holders) hereby agree that the Trustee and each of the Holders (including the Taiwan Collateral Agent) shall be a creditor jointly and severally with each other with respect to the rights and claims against the Issuers hereunder and under any of the other Note Documents pursuant to Article 283 of the Republic of China Civil Code.
Whilst not underestimating the potential threat of discovery during the construction stage, this is considered a healthy level of contingency for a project at commencement of construction with very detailed levels of design information.
The Taiwan Collateral Agent shall hold, and be entitled to enforce, the Collateral located in or related to the Republic of China as a joint and several creditor; provided that nothing in Section 12.09 above or this Section 12.10 shall release the Taiwan Collateral Agent, the Trustee or any Holder from its obligations as to actions requiring authorization of the Required Secured Parties under Section 4 of the Collateral Agency Agreement.
No failure on the part of the Taiwan Collateral Agent or any other Secured Party to exercise, and no delay in exercising any right hereunder, shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right.
The parties acknowledge that the Global Collateral Agent is the creditor of the Parallel Debts and shall act in its own name and not as agent of any of the Trustee, the Paying Agent, the Registrar and Transfer Agent, the Global Collateral Agent, the Taiwan Collateral Agent and/or the Holders (each a “Secured Party”) (but always for the benefit of the Secured Parties in accordance with the provisions of the Secured Agreements).
If an Event of Default has occurred and is continuing, the Taiwan Collateral Agent may foreclose all or any part of the Trademark Collateral and apply the proceeds of any such foreclosure in accordance with Section 8.03 of the Credit Agreement.
The Pledgor shall, upon the execution of this Agreement, deliver to the Taiwan Collateral Agent the passbook with respect to each of the Pledged Accounts and issue a notice of pledge (“Notice of Pledge”) in the form set out in Appendix 1 to each relevant Account Bank with which a Pledged Account is established.
The Taiwan Collateral Agent shall be deemed to have exercised reasonable care in the custody and preservation of any of the Pledged Accounts in its possession if it takes such action for that purpose as the Pledgor reasonably requests in writing at times other than upon the occurrence and during the continuance of any Event of Default, but failure of the Taiwan Collateral Agent to comply with any such request at any time shall not in itself be deemed a failure to exercise reasonable care.
The Grantor hereby pledges to the Taiwan Collateral Agent, as joint and several creditors under Article 283 of the Civil Code of the Republic of China, for its benefit and the ratable benefit of each other Secured Party, all of the Grantor’s right, title and interest throughout the world, whether now or hereafter existing or acquired by the Grantor, in and to the following (“Patent Collateral”) as a continuing security for the due and punctual payment and performance of the Secured Obligations.
The same will be completely (100%) recovered/clawed back from the future Brokerage payments of the distributor.