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Title: |
Collateral Agency Agreement |
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Entities: |
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Date: |
2007 |
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Size: |
165KB total |
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Price: |
$63 |
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ID: |
#2823104 |
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Start of Preview |
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EXECUTION VERSION
COLLATERAL AGENCY AGREEMENT
dated as of
September 29, 2006
among
KASLION ACQUISITION B.V.,
as Holdings,
NXP B.V.,
as the Company,
THE SUBSIDIARIES OF THE COMPANY PARTY HERETO,
as Guarantors,
THE SECURED PARTIES PARTY HERETO,
MORGAN STANLEY SENIOR FUNDING, INC.,
as Global Collateral Agent
and
MIZUHO CORPORATE BANK, LTD.,
as Taiwan Collateral Agent
TABLE OF CONTENTS
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PAGE |
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ARTICLE 1 |
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Section 1.01. |
Defined Terms |
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2 |
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Section 1.02. |
Terms Generally |
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15 |
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Section 1.03. |
Amounts Due to Secured Parties |
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16 |
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Section 1.04. |
Holdings and the Guarantors |
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16 |
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ARTICLE 2 |
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Section 2.01. |
Initial Appointment |
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16 |
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Section 2.02. |
No Other Agency |
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17 |
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ARTICLE 3 |
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Section 3.01. |
Instructions in Writing |
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17 |
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Section 3.02. |
Actions Under Security Documents |
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17 |
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Section 3.03. |
Enforcement Notices |
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18 |
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Section 3.04. |
Rescission of Instructions |
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18 |
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ARTICLE 4 |
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Section 4.01. |
Remedies Upon Enforcement Event |
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18 |
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Section 4.02. |
Limitation on Duty in Respect of Collateral |
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20 |
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Section 4.03. |
Restrictions on Actions |
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20 |
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Section 4.04. |
Application of Proceeds |
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21 |
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Section 4.05. |
Currency Conversions for Calculations |
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24 |
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Section 4.06. |
Determinations Conclusive |
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24 |
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Section 4.07. |
Turnover of Receipts |
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24 |
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Section 4.08. |
Avoidance Issues |
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25 |
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ARTICLE 5 |
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Section 5.01. |
Termination on Satisfaction of Release Conditions |
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25 |
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Section 5.02. |
Release of Lien Grantors |
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25 |
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Section 5.03. |
Release of Assets from Liens |
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25 |
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Section 5.04. |
Reinstatement of Liens and Collateral |
26 |
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Section 5.05. |
Release Documentation |
26 |
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Section 5.06. |
No Release By Other Secured Parties |
26 |
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ARTICLE 6 |
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Section 6.01. |
Establishment of Collateral Accounts |
26 |
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Section 6.02. |
Deposits to Collateral Accounts |
26 |
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Section 6.03. |
Rights in Collateral Accounts |
27 |
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Section 6.04. |
Investment of Balance of Collateral Accounts |
27 |
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Section 6.05. |
Conversion of Currencies |
28 |
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ARTICLE 7 |
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Section 7.01. |
Delivery of Agreements |
28 |
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Section 7.02. |
Information |
28 |
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Section 7.03. |
Waivers and Amendments |
28 |
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ARTICLE 8 |
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Section 8.01. |
General Provisions Concerning the Collateral Agents |
29 |
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Section 8.02. |
No Reliance by Secured Parties |
31 |
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Section 8.03. |
Resignation and Removal; Successor Collateral Agent |
31 |
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Section 8.04. |
Fees and Expenses; Indemnification |
32 |
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Section 8.05. |
Appointment of Supplemental Collateral Agents |
33 |
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Section 8.06. |
Specific Provisions Relating To Parallel Debt |
35 |
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ARTICLE 9 |
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Section 9.01. |
Agreed Security Principles |
35 |
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Section 9.02. |
Conflicts |
35 |
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ARTICLE 10 |
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Section 10.01. |
Note Secured Obligations |
35 |
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Section 10.02. |
Additional Secured Obligations |
36 |
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Section 10.03. |
Secured Hedging Agreements |
36 |
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Section 10.04. |
Additional Lien Grantors |
36 |
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Section 10.05. |
Rights and Obligations Unaffected |
36 |
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ARTICLE 11 |
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Section 11.01. |
Parallel Debt |
37 |
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Section 11.02. |
Fall Back |
37 |
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Section 11.03. |
Payment |
38 |
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Section 11.04. |
Application |
38 |
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Section 11.05. |
Joint and Several Claims |
38 |
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ARTICLE 12 |
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Section 12.01. |
Continuing Nature of Provisions |
38 |
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Section 12.02. |
Notices |
39 |
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Section 12.03. |
No Implied Waivers; Remedies Not Exclusive |
41 |
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Section 12.04. |
Successors and Assigns |
41 |
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Section 12.05. |
Choice of Law |
41 |
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Section 12.06. |
Waiver of Jury Trial |
41 |
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Section 12.07. |
Severability |
41 |
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Section 12.08. |
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