Collateral Agency. (a) The Collateral Agent undertakes to perform such duties and only such duties as are specifically set forth in this Agreement, and no implied covenants or obligations shall be read into this Agreement against the Collateral Agent.
Collateral Agency. To secure the payment, observance and performance of the Secured Debt and in consideration of the premises and the mutual agreements set forth herein, the Collateral Agent does hereby acknowledge and accept that it holds as Collateral Agent, to the extent actually received as Collateral Agent, pursuant to this Agreement, all of the following (and each Grantor does hereby consent thereto):
Collateral Agency. The Trustee hereby designates and appoints the Collateral Agent to act as the Collateral Agent under the Security Documents, and authorizes the Collateral Agent to take such actions on its behalf under the provisions of the Security Documents and to exercise such powers and perform such duties as are expressly delegated to the Collateral Agent by the terms of this Agreement, together with such other powers as are reasonably incidental thereto. The rights, duties and obligations of the Collateral Agent with respect to the Trustee and the Noteholders shall be identical to the rights, duties and obligations of the Trustee with respect to the Noteholders as specified in Article 7 of the Indenture (including but not limited to Section 7.07 of the Indenture), mutatis mutandis. Notwithstanding any provision to the contrary in any Security Document, the Collateral Agent shall not have any duties or responsibilities, except those expressly set forth in the Security Documents, and no implied covenants, functions or responsibilities, fiduciary or otherwise, shall be read into any of the Security Documents or otherwise exist against the Collateral Agent. Notwithstanding any provision to the contrary in any Security Document, the Collateral Agent shall not be required to exercise any discretionary rights or remedies under any of the Security Documents or give any consent under any of the Security Documents or enter into any agreement amending, modifying, supplementing or waiving any provision of any Security Document unless it shall have been directed to do so by the Trustee (with the consent of the Noteholders, to the extent required under the Indenture).
Collateral Agency. The Agent under the Patent, Trademark and Copyright Assignment, the Pledge Agreement, the Mortgages, the Security Agreement and any other Loan Document (the “Collateral Documents”) shall be deemed to serve as the collateral agent (the “Collateral Agent”) for the any Lender which provides a Lender-Provided Interest Rate Hedge (the “IRH Provider”) and the Lenders hereunder, provided that the Collateral Agent shall comply with the instructions and directions of the Agent (or the Lenders under this Agreement to the extent that this Agreement or any other Loan Documents empowers the Lenders to direct the Agent), as to all matters relating to the Collateral, including the maintenance and disposition thereof. No IRH Provider (except in its capacity as a Lender hereunder) shall be entitled or have the power to direct or instruct the Collateral Agent on any such matters or to control or direct in any manner the maintenance or disposition of the Collateral.
Collateral Agency. (a) Greenwich acknowledges that it holds and will hold the Collateral (i) for the purpose of perfecting and maintaining perfection of its own first and prior security interest therein and (ii) as bailee for the Subordinated Lenders for the purpose of maintaining perfection of the Subordinated Lenders' second and subordinate security interest therein. Notwithstanding anything to the contrary herein, Greenwich's sole duties hereunder with respect to the Collateral shall be to hold the Collateral, to release the Collateral in accordance with the terms hereof and to remit amounts received by Greenwich in respect of the Collateral in accordance with Section 2(e) hereof.
Collateral Agency. SECTION 13.1 Declaration and Acceptance of Trust.........................53 SECTION 13.2 Remedies....................................................53 SECTION 13.3 Determinations Relating to Collateral.......................54 SECTION 13.4 Nature of Secured Parties' Rights...........................54 SECTION 13.5
Collateral Agency. (a) Citizens may come into possession of Collateral (other than cash and amounts on deposit in deposit accounts maintained with Citizens) in which it will have a perfected security interest by virtue of its possession of such Collateral (“Possessory Collateral”). Subject to Citizens’ senior and priority rights in all such Collateral, Citizens will be deemed to also hold all Possessory Collateral as collateral agent for Creditors to perfect Creditors’ second priority security interest in the Possessory Collateral.
Collateral Agency. Lessees and Lessees' Representative shall comply with all of the terms and provisions of the Collateral Agency Agreement.
Collateral Agency. Teles hereby appoints P&S as its collateral agent for the sole purpose of (i) the creation and perfection of a security interest in the Lockbox Account and the Collateral Account now or hereafter created, as security for the Secured Obligations; (ii) delivery to the bank (the “Blocked Account Bank”) at which the Collateral Account is maintained of instructions directing disposition of the funds in the Collateral Account, in accordance with the terms of the applicable control agreement with the Blocked Account Bank (the “Control Agreement”); (iii) holding for the benefit of the Secured Creditors any proceeds of Receivable Rights in such Collateral Accounts including, without limitation, the Cash Collateral; and (iv) exercising rights and remedies with respect to the Receiveable Rights and proceeds thereof including, without limitation, the Cash Collateral, in such Collateral Account or otherwise, and for all other purposes reasonably related to the matters described in clauses (i) through (iv) hereof, subject to the terms of this Article V. P&S hereby accepts such appointment and agrees to act as collateral agent on behalf of the Secured Creditors for the purposes hereinabove described. Teles and NWB agree that P&S shall have no obligation to honor, any instructions with regard to the Collateral Account or Control Agreement, including without limitation any instruction to direct the Blocked Account Bank to transfer any funds in the applicable Collateral Account, so long as the P&S Obligations shall not have been paid in full, and any such instructions shall be null and void. P&S may resign from the performance of its functions and duties as agent hereunder at any time by giving reasonable prior written notice to Teles, such resignation to be effective upon the appointment of a successor by P&S or Teles.
Collateral Agency. To cover the normal administrative functions of the Collateral Agent under the documents, our duties include the administration of the Collateral Accounts under the Collateral Agreement and the supporting documents, including generation of monthly reports, daily transaction confirmations, administration of the accounts under the Collateral Agreement: Annual Administration Fee—Paying Agency: To cover the normal administrative functions of the Collateral Agent under the documents, our duties include the administration of the Collateral Accounts under the Collateral Agreement and the supporting documents, including generation of monthly reports, daily transaction confirmations, administration of the accounts under the Collateral Agreement: Transaction Fees: $ per wire for settlement of early conversions, as and when they occur. These transaction fees are waived if funds are invested in an approved Money Market Mutual Fund. Information regarding various funds can be provided upon request.
