Common use of Action by Collateral Agent Clause in Contracts

Action by Collateral Agent. The obligations of the Collateral Agent hereunder and under the Security Documents are only those expressly set forth herein and therein. Notwithstanding anything contained herein or in any Financing Document to the contrary, the Collateral Agent shall not be required to take any action with respect to any Default or Event of Default, except as expressly provided herein.

Action by Collateral Agent. The obligations of the Collateral Agent hereunder and under the Security Financing Documents are only those expressly set forth herein and therein. Notwithstanding anything contained herein or in any Financing Document to the contrary, the Collateral Agent shall not be required to take any action with respect to any Default or Default, Event of Default, Acceleration or Bankruptcy Event, except as expressly provided hereinherein and therein.

Action by Collateral Agent. The obligations of the Collateral Agent hereunder and under the Security Financing Documents are only those expressly set forth herein and therein. Notwithstanding anything contained herein or in any Financing Document to the contrary, the Collateral Agent shall not be required to take any action with respect to any Default or Event of Default, except as expressly provided hereinherein and therein.

Action by Collateral Agent. The obligations of the Collateral Agent hereunder and under the Security Documents Agreement are only those expressly set forth herein and therein. Notwithstanding anything contained herein or in any Financing Document to Without limiting the contrarygenerality of the foregoing, the Collateral Agent shall not be required to take any action with respect to any Default or Event of Default, except as expressly provided hereinin Section 14(a) of the Security Agreement.