Common use of Collateral Administrator Clause in Contracts

Collateral Administrator. For the avoidance of doubt, the Borrower has engaged the Collateral Administrator pursuant to Article XV hereof to compile and provide daily Cash and collateral balances in the accounts maintained by U.S. Bank with respect to the calculation of the Borrowing Base; provided, however, that the Collateral Administrator’s obligation to compile and provide such information is subject to the receipt of the information necessary to do so from the Collateral Manager.