collateral agent
USA
collateral agent, Also known as a security agent.
The financial institution that holds the collateral on behalf of the lenders under a syndicated loan agreement as security for performance of the borrower's obligations under the loan agreement. The borrower grants a security interest in the collateral to the collateral agent on behalf of the lenders, and the collateral agent, as secured party under the UCC, takes all necessary administrative and enforcement actions with respect to the collateral on behalf of the lenders.
Related terms

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • Collateral (film) — Collateral Theatrical poster Directed by Michael Mann Produced by Mi …   Wikipedia

  • Collateral Damage (film) — Collateral Damage Theatrical release poster Directed by Andrew Davis Produced by …   Wikipedia

  • Collateral protection insurance — Collateral Protection Insurance, or CPI, insures property (primarily vehicles) held as collateral for loans made by lending institutions. CPI may be classified as single interest insurance if it protects the interest of the lender, a single party …   Wikipedia

  • Collateral — Collatéral (film) Pour les articles homonymes, voir Collatéral. Collatéral est un thriller et un film d action américain réalisé par Michael Mann et sorti en 2004 …   Wikipédia en Français

  • collateral — /kalaetsral/ Property which is pledged as security for the satisfaction of a debt. Collateral is additional security for performance of principal obligation, or that which is by the side, and not in direct line. Shaffer v. Davidson, Wyo., 445… …   Black's law dictionary

  • Collateral adjective — A collateral adjective is an adjective with a similar meaning to a given noun, but derived from a different root. For example, lunar serves as an adjective to describe attributes of the Moon; moon comes from the Old English mōna and lunar from… …   Wikipedia

  • Collateral Damage - Zeit der Vergeltung — Filmdaten Deutscher Titel: Collateral Damage – Zeit der Vergeltung Originaltitel: Collateral Damage Produktionsland: USA Erscheinungsjahr: 2002 Länge: 104 Minuten Originalsprache: Englisch …   Deutsch Wikipedia

  • Collateral Damage – Zeit der Vergeltung — Filmdaten Deutscher Titel: Collateral Damage – Zeit der Vergeltung Originaltitel: Collateral Damage Produktionsland: USA Erscheinungsjahr: 2002 Länge: 104 Minuten Originalsprache: Englisch …   Deutsch Wikipedia

  • security agent — USA collateral agent, Also known as a security agent. The financial institution that holds the collateral on behalf of the lenders under a syndicated loan agreement as security for performance of the borrower s obligations under the loan… …   Law dictionary

  • administrative agent — USA The financial institution that acts as agent for a syndicate of lenders in administering the loan facility with the borrower under a loan agreement. After the loan agreement closes, payments and communications between the borrower and the… …   Law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.