Actions Regarding Collateral   (a Sample Clauses

Actions Regarding Collateral   (a. Each Secured Party agrees to, and authorizes and directs the Administrative Agent, the Separate Collateral Trustee, the Shared Collateral Trustee and the Collateral Agent to do all things necessary or reasonably requested by the Borrower on and subsequent to the Effective Date to (i) cause the Shared Collateral and the Security Documents with respect thereto (excluding the Separate Collateral Trust Agreement) to be assigned to the Shared Collateral Trustee and, therefore, cause the Secured Refinancing Senior Notes and all related Obligations to be released from the benefit of the Shared Collateral, (ii) amend and restate the Existing Security Agreement so that the Shared Security Agreement only encumbers Shared Collateral and the Separate Security Agreement only encumbers Separate Collateral, (iii) enter into the Bank Security Agreement and cause the Collateral Trustee to enter into the New Security Agreement, and (iv) enter into any instruments that are necessary to appoint Deutsche Bank or any of its Affiliates as sub-agent for the Collateral Trustee under the applicable Control Agreements and the New Security Agreement.