Common use of Capacity of Collateral Agent Clause in Contracts

Capacity of Collateral Agent. The Pledgors hereby (i) expressly acknowledge that the Pledgee has all necessary appointments, legal capacity and authority to act on behalf of the Secured Parties for all matters arising from or relating to this Agreement; and (ii) expressly waive their rights to carry out any action challenging the legal existence, appointments, legal or other capacity and authority of the Pledgee to act on behalf of the Secured Parties. The rights, duties, privileges, protections and benefits of the Pledgee as Collateral Agent set forth in the First Lien Intercreditor Agreement are hereby incorporated herein by reference and made a part hereof. Each of the Pledgors agrees that all acts to be executed by such Pledgor under this Agreement shall be in accordance with the terms and conditions of the Intercreditor Arrangements.

Capacity of Collateral Agent. The Pledgors Pledgor hereby (i) expressly acknowledge acknowledges that the Pledgee has all necessary appointments, legal capacity and authority to act on behalf of the Secured Parties for all matters arising from or relating to this Agreement; and (ii) expressly waive their waives its rights to carry out any action challenging the legal existence, appointments, legal or other capacity and authority of the Pledgee to act on behalf of the Secured Parties. The rights, duties, privileges, protections and benefits of the Pledgee as Collateral Agent set forth in the First Lien Intercreditor Agreement are hereby incorporated herein by reference and made a part hereof. Each of the Pledgors The Pledgor agrees that all acts to be executed by such the Pledgor under this Agreement shall be in accordance with the terms and conditions of the Intercreditor Arrangements.

Capacity of Collateral Agent. The Pledgors hereby (i) expressly acknowledge that the Pledgee has all necessary appointments, legal capacity and authority to act on behalf of the Secured Parties for all matters arising from or relating to this Agreement; and (ii) expressly waive their rights to carry out any action challenging the legal existence, appointments, legal or other capacity and authority of the Pledgee to act on behalf of the Secured Parties. The rights, duties, privileges, protections and benefits of the Pledgee as Collateral Agent set forth in the First Lien Intercreditor Agreement are hereby incorporated herein by reference and made a part hereof. Each of the The Pledgors agrees agree that all acts to be executed by such Pledgor the Pledgors under this Agreement shall be in accordance with the terms and conditions of the Intercreditor Arrangements.