Common use of Initial Collateral Agent Clause in Contracts

Initial Collateral Agent. Each of the Lenders and the Administrative Agent hereby designate and appoint Computershare as the Collateral Agent to act as its agent for the purposes of perfection of a security interest in the Collateral Portfolio and hereby authorizes the Collateral Agent to take such actions on its behalf and on behalf of each of the Secured Parties and to exercise such powers and perform such duties as are expressly granted to the Collateral Agent by this Agreement. Computershare hereby accepts such agency appointment to act as Collateral Agent pursuant to the terms of this Agreement, until its resignation or removal as Collateral Agent pursuant to the terms hereof. Computershare Trust Company, N.A.’s services hereunder shall be conducted through its CCT services division (including, as applicable, any agents or Affiliates utilized thereby).