Common use of Authority of Collateral Agent Clause in Contracts

Authority of Collateral Agent. Debtor acknowledges that the rights and responsibilities of the Collateral Agent under this Agreement with respect to any action taken by the Collateral Agent or the exercise or non-exercise by the Collateral Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Security Agreement shall, as between the Collateral Agent and the Secured Parties, be governed by this Agreement, and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Collateral Agent and the Debtors, the Collateral Agent shall be conclusively presumed to be acting as agent for the applicable Secured Parties with full and valid authority so to act or refrain from acting, and no Debtor shall be under any obligation, or entitlement, to make any inquiry respecting such authority.

Authority of Collateral Agent. Debtor The Borrower acknowledges that the rights and responsibilities of the Collateral Agent under this Agreement with respect to any action taken by the Collateral Agent or the exercise or non-exercise by the Collateral Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Security Agreement shall, as between the Collateral Agent and the Secured PartiesLenders, be governed by this Agreement, the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Collateral Agent and the DebtorsBorrower, the Collateral Agent shall be conclusively presumed to be acting as agent for the applicable Secured Parties Administrative Agent and the Lenders with full and valid authority so to act or refrain from acting, and no Debtor the Borrower shall be under any no obligation, or entitlement, to make any inquiry respecting such authority.

Authority of Collateral Agent. Debtor The Lessor acknowledges that the rights and responsibilities of the Collateral Agent under this Agreement with respect to any action taken by the Collateral Agent or the exercise or non-exercise by the Collateral Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Security Agreement shall, as between the Collateral Agent and the Secured PartiesSecurityholders and the Certificate Holders, be governed by this Agreementthe Indenture, the Participation Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Collateral Agent and the DebtorsLessor, the Collateral Agent shall be conclusively presumed to be acting as agent for the applicable Secured Parties Securityholders and the Certificate Holders with full and valid authority so to act or refrain from acting, and no Debtor the Lessor shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Authority of Collateral Agent. Debtor The Borrower acknowledges that the rights and responsibilities of the Collateral Agent under this Agreement with respect to any action taken by the Collateral Agent or the exercise or non-exercise by the Collateral Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Security Agreement shall, as between the Collateral Agent and the Secured Parties, be governed by this Agreement, the Intercreditor Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Collateral Agent and the DebtorsBorrower, the Collateral Agent shall be conclusively presumed to be acting as agent for the applicable Secured Parties with full and valid authority so to act or refrain from acting, and no Debtor the Borrower shall be under any no obligation, or entitlement, to make any inquiry respecting such authority.

Authority of Collateral Agent. Debtor The Company acknowledges that the rights and responsibilities of the Collateral Agent under this Security Agreement with respect to any action taken by the Collateral Agent or the exercise or non-exercise by the Collateral Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Security Agreement shall, as between the Collateral Agent and the other Secured Parties, be governed by this Agreement, the Indenture and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Collateral Agent and the DebtorsCompany, the Collateral Agent shall be conclusively presumed to be acting as agent for the applicable Secured Parties with full and valid authority so to act or refrain from acting, to the extent it has the right to do so and no Debtor the Company shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Authority of Collateral Agent. Debtor The Borrower acknowledges that the rights and responsibilities of the Collateral Agent under this Agreement with respect to any action taken by the Collateral Agent or the exercise or non-exercise by the Collateral Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Security Agreement shall, as between the Collateral Agent and the Secured PartiesSenior Lenders, be governed by this Agreement, the Senior Documents and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Collateral Agent and the DebtorsBorrower, the Collateral Agent shall be conclusively presumed to be acting as agent for the applicable Secured Parties Senior Lenders with full and valid authority so to act or refrain from acting, and no Debtor the Borrower shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Authority of Collateral Agent. Debtor Each Obligor acknowledges that the rights and responsibilities of the Collateral Agent under this Agreement with respect to any action taken by the Collateral Agent or the exercise or non-exercise by the Collateral Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Security Agreement shall, as between the Collateral Agent and the Secured PartiesGuaranteed Creditors, be governed by this Agreement, the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Collateral Agent and the DebtorsObligors, the Collateral Agent shall be conclusively presumed to be acting as agent for the applicable Secured Parties Guaranteed Creditors with full and valid authority so to act or refrain from acting, and no Debtor Obligor shall be under any obligation, or entitlement, to make any inquiry respecting such authority.

Authority of Collateral Agent. Debtor acknowledges that the rights and responsibilities of the Collateral Agent under this Agreement with respect to any action taken by the Collateral Agent or the exercise or non-exercise by the Collateral Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Security Agreement shall, as between the Collateral Agent and the Secured Parties, be governed by this Agreement, and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Collateral Agent and the DebtorsDebtor, the Collateral Agent shall be conclusively presumed to be acting as agent for the applicable Secured Parties with full and valid authority so to act or refrain from acting, and no Debtor shall be under any obligation, or entitlement, to make any inquiry respecting such authority.

Authority of Collateral Agent. Debtor Holdings acknowledges that the rights and responsibilities of the Collateral Agent under this Agreement with respect to any action taken by the Collateral Agent or the exercise or non-exercise by the Collateral Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Security Agreement shall, as between the Collateral Agent and the Second-Priority Secured Parties, be governed by this Agreement, the Notes Indenture and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Collateral Agent and the DebtorsHoldings, the Collateral Agent shall be conclusively presumed to be acting as agent for the applicable Second-Priority Secured Parties with full and valid authority so to act or refrain from acting, and no Debtor Holdings shall not be under any obligation, or entitlement, to make any inquiry respecting such authority.

Authority of Collateral Agent. Debtor acknowledges that the rights and responsibilities of the Collateral Agent under this Agreement with respect to any action taken by the Collateral Agent or the exercise or non-exercise by the Collateral Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Security Agreement shall, as between the Collateral Agent and the Secured Parties, be governed by this Agreement, and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Collateral Agent and the DebtorsDebtor, the Collateral Agent shall be conclusively presumed to be acting as agent for the applicable Secured Parties with full and valid authority so to act or refrain from acting, and no Debtor shall be under any obligation, or entitlement, to make any inquiry respecting such authority.

Authority of Collateral Agent. Debtor Each Company acknowledges that the rights and responsibilities of the Collateral Agent under this Security Agreement with respect to any action taken by the Collateral Agent or the exercise or non-exercise by the Collateral Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Security Agreement shall, as between the Collateral Agent and the other Secured Parties, be governed by this Agreement, the Indenture and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Collateral Agent and the DebtorsCompanies, the Collateral Agent shall be conclusively presumed to be acting as agent for the applicable Secured Parties with full and valid authority so to act or refrain from acting, to the extent it has the right to do so and no Debtor Company shall be under any obligation, or entitlement, to make any inquiry respecting such authority.

Authority of Collateral Agent. Debtor The Company acknowledges that the rights and responsibilities of the Collateral Agent under this Agreement with respect to any action taken by the Collateral Agent or the exercise or non-exercise by the Collateral Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Security Agreement shall, as between the Collateral Agent and the Secured PartiesNoteholders, be governed by this Agreement, the Indenture and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Collateral Agent and the DebtorsCompany, the Collateral Agent shall be conclusively presumed to be acting as agent for the applicable Secured Parties Noteholders with full and valid authority so to act or refrain from acting, and no Debtor neither the Company nor Ryerson Inc. shall be under any obligation, or entitlement, to make any inquiry respecting such authority.