Common use of Authorization of Actions to be Taken by the Collateral Agent Under the Collateral Agreements Clause in Contracts

Authorization of Actions to be Taken by the Collateral Agent Under the Collateral Agreements. (a) Subject to the provisions of the applicable Collateral Agreements, each Holder, by acceptance of any Notes agrees that the Collateral Agent shall execute and deliver the Collateral Agreements to which it is a party, and all agreements, documents and instruments incidental thereto, and act in accordance with the terms thereof. For the avoidance of doubt, the Collateral Agent shall have no discretion under this Indenture or the Collateral Agreements and shall not be required to make or give any determination, consent, approval, request or direction without the written direction of the Holders of a majority in aggregate principal amount of the then outstanding Notes or the Issuers pursuant to the terms hereof.

Authorization of Actions to be Taken by the Collateral Agent Under the Collateral Agreements. (a) Subject to the provisions of the applicable Collateral Agreements, each Holder, by acceptance of any Notes the Notes, agrees that the Collateral Agent shall execute and deliver the Collateral Agreements to which it is a party, party and all agreements, documents and instruments incidental thereto, and act in accordance with the terms thereof. For the avoidance of doubt, the Collateral Agent shall have no discretion under this Indenture or the Collateral Agreements and shall not be required to make or give any determination, consent, approval, request or direction without the written direction of the Holders of a majority in aggregate principal amount of the then outstanding Notes Notes, the Trustee or the Issuers pursuant to the terms hereofCompany, as applicable.