Collateral Agent’s Duties. (a) The grant to the Collateral Agent under this Agreement of any right or power does not impose upon the Collateral Agent any duty to exercise such right or power. The Collateral Agent will have no obligation to take any steps to preserve any claim or other right against any Person or with respect to any Collateral.
Appears in 3 contracts
Samples: Pledge and Security Agreement (Us Geothermal Inc), Security Agreement (InfraREIT, Inc.), Collateral Agency Agreement (Us Geothermal Inc)
Collateral Agent’s Duties. (a) The grant to the Collateral Agent under this Agreement of any right or power does not impose upon the Collateral Agent any duty to exercise such right or power. The Collateral Agent will have no obligation to take any steps to preserve any claim or other right against any Person or with respect to any Pledged Collateral.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Us Geothermal Inc), Collateral Agency Agreement (Us Geothermal Inc)
