Common use of Authority of the Collateral Agent Clause in Contracts

Authority of the Collateral Agent. The Company acknowledges that the rights and responsibilities of the Collateral Agent under this Receivables Pledge Agreement with respect to any action taken by the Collateral Agent or the exercise or non-exercise by the Collateral Agent of any option, request, judgment or other right or remedy provided for herein or resulting or arising out of this Receivables Pledge Agreement shall, as between the Collateral Agent and the other Pari Passu Secured Parties, be governed by the Pari Passu Financing 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 Company, the Collateral Agent shall be conclusively presumed to be acting as agent for the Pari Passu Secured Parties with full and valid authority so to act or refrain from acting, and the Company shall be under no obligation or entitlement to make any inquiry respecting such authority.

Authority of the Collateral Agent. The Company acknowledges that the rights and responsibilities of the Collateral Agent under this Receivables Cash Collateral Pledge Agreement with respect to any action taken by the Collateral Agent or the exercise or non-exercise by the Collateral Agent of any option, request, judgment or other right or remedy provided for herein or resulting or arising out of this Receivables Cash Collateral Pledge Agreement shall, as between the Collateral Agent and the other Pari Passu Secured Parties, be governed by the Pari Passu Financing 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 Company, the Collateral Agent shall be conclusively presumed to be acting as agent for the Pari Passu Secured Parties with full and valid authority so to act or refrain from acting, and the Company shall be under no obligation or entitlement to make any inquiry respecting such authority.

Authority of the Collateral Agent. The Company acknowledges that the rights and responsibilities of the Collateral Agent under this Receivables Contracts Pledge Agreement with respect to any action taken by the Collateral Agent or the exercise or non-exercise by the Collateral Agent of any option, request, judgment or other right or remedy provided for herein or resulting or arising out of this Receivables Contracts Pledge Agreement shall, as between the Collateral Agent and the other Pari Passu Secured Parties, be governed by the Pari Passu Financing 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 Company, the Collateral Agent shall be conclusively presumed to be acting as agent for the Pari Passu Secured Parties with full and valid authority so to act or refrain from acting, and the Company shall be under no obligation or entitlement to make any inquiry respecting such authority.

Authority of the Collateral Agent. The Company acknowledges that the rights and responsibilities of the Collateral Agent under this Receivables Equipment Pledge Agreement with respect to any action taken by the Collateral Agent or the exercise or non-exercise by the Collateral Agent of any option, request, judgment or other right or remedy provided for herein or resulting or arising out of this Receivables Equipment Pledge Agreement shall, as between the Collateral Agent and the other Pari Passu Secured Parties, be governed by the Pari Passu Financing 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 Company, the Collateral Agent shall be conclusively presumed to be acting as agent for the Pari Passu Secured Parties with full and valid authority so to act or refrain from acting, and the Company shall be under no obligation or entitlement to make any inquiry respecting such authority.