The financial institution that empowered under the faciility agreement to take action on behalf of the lender to enforce Security in case of an event of default. Useful in loan agreements where there are, or will be, more than one lender.
Global Definitions Database
Source: INREV | Date: 25 February 2020 | ID: D0724 | Version: 1
Assets pledged by the borrower or another party (as collate...