Common use of Capacity and Obligations of Secured Party Clause in Contracts

Capacity and Obligations of Secured Party. Secured Party has entered into this Agreement pursuant to the Disbursement Agreement and is obligated to exercise its rights and perform its duties hereunder in accordance with the Disbursement Agreement and the Intercreditor Agreement.

Appears in 2 contracts

Samples: Completion Guaranty Collateral Account Agreement (Grand Canal Shops Mall Construction LLC), Account Agreement (Grand Canal Shops Mall Construction LLC)

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Capacity and Obligations of Secured Party. The Secured Party has entered into this Agreement pursuant to the Disbursement Agreement and is obligated to exercise its rights and perform its duties hereunder in accordance with the Disbursement Agreement and the Intercreditor Agreement.

Appears in 1 contract

Samples: Holdings Collateral Account Agreement (Aladdin Capital Corp)

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Capacity and Obligations of Secured Party. The Secured Party has entered into this Agreement pursuant to the Disbursement Agreement and is obligated to exercise its rights and perform its duties hereunder in accordance with the Disbursement Agreement and the Intercreditor Agreement.

Appears in 1 contract

Samples: Disbursement Collateral Account Agreement (Grand Canal Shops Mall Construction LLC)

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