Common use of Duties of Collateral Agent and Trustee Clause in Contracts

Duties of Collateral Agent and Trustee. (a) DBTCA is hereby designated and appointed as the Collateral Agent of the Holders under the Security Documents, and is authorized as the Collateral Agent for such Holders to execute and enter into each of the Security Documents and all other instruments relating to the Security Documents and (i) to take action and exercise such powers and remedies as are expressly required or permitted hereunder and under the Security Documents and all instruments relating hereto and thereto and (ii) to exercise such powers and perform such duties as are, in each case, expressly delegated to the Collateral Agent by the terms hereof and thereof, together with such other powers as are reasonably incidental hereto and thereto. The Collateral Agent shall have all the rights, immunities, indemnities, privileges, benefits and protections provided in the Security Documents and, additionally, shall have all the rights, immunities, indemnities, privileges, benefits and protections provided to the "Trustee" under Article Seven to the same extent as if such rights, immunities, indemnities, privileges, benefits and protections referred to the Collateral Agent.

Appears in 1 contract

Samples: Kronos Worldwide Inc

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Duties of Collateral Agent and Trustee. (a) DBTCA a)DBTCA is hereby designated and appointed as the Collateral Agent of the Holders under the Security Documents, and is authorized as the Collateral Agent for such Holders to execute and enter into each of the Security Documents and all other instruments relating to the Security Documents and (i) to take action and exercise such powers and remedies as are expressly required or permitted hereunder and under the Security Documents and all instruments relating hereto and thereto and (ii) to exercise such powers and perform such duties as are, in each case, expressly delegated to the Collateral Agent by the terms hereof and thereof, together with such other powers as are reasonably incidental hereto and thereto. The Collateral Agent shall have all the rights, immunities, indemnities, privileges, benefits and protections provided in the Security Documents and, additionally, shall have all the rights, immunities, indemnities, privileges, benefits and protections provided to the "Trustee" under Article Seven to the same extent as if such rights, immunities, indemnities, privileges, benefits and protections referred to the Collateral Agent.

Appears in 1 contract

Samples: Supplemental Indenture (Kronos Worldwide Inc)

Duties of Collateral Agent and Trustee. (a) DBTCA Deutsche Bank Trust Company Americas is hereby designated and appointed as the Collateral Agent of the Holders under this Indenture and the Security Collateral Documents, and is authorized as the Collateral Agent for such Holders to execute and enter into into, or appoint a co-collateral agent to execute and enter into, each of the Security Collateral Documents and all other instruments relating to the Security Collateral Documents and (i) to take action and exercise such powers and remedies as are expressly required or permitted hereunder and under the Security Collateral Documents and all instruments relating hereto and thereto and (ii) to exercise such powers and perform such duties as are, in each case, expressly delegated to the Collateral Agent by the terms hereof and thereof, together with such other powers as are reasonably incidental hereto and thereto. The Collateral Agent shall have all the rights, immunities, indemnities, privileges, benefits and protections provided in the Security Collateral Documents and, additionally, shall have all the rights, immunities, indemnities, privileges, benefits and protections provided to the "Trustee" under Article Seven to the same extent as if such rights, immunities, indemnities, privileges, benefits and protections referred to the Collateral Agent.

Appears in 1 contract

Samples: Digicel Pacific LTD

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Duties of Collateral Agent and Trustee. (a) DBTCA a)DBTCA is hereby designated and appointed as the Collateral Agent of the Holders under the Security Documents, and is authorized as the Collateral Agent for such Holders to execute and enter into each of the Security Documents (or joinders thereto, whether in DBTCA’s capacity as Collateral Agent or Trustee) and all other instruments relating to the Security Documents and (i) to take action and exercise such powers and remedies as are expressly required or permitted hereunder and under the Security Documents and all instruments relating hereto and thereto and (ii) to exercise such powers and perform such duties as are, in each case, expressly delegated to the Collateral Agent by the terms hereof and thereof, together with such other powers as are reasonably incidental hereto and thereto. The Collateral Agent shall have all the rights, immunities, indemnities, privileges, benefits and protections provided in the Security Documents and, additionally, shall have all the rights, immunities, indemnities, ​ ​ privileges, benefits and protections provided to the "Trustee" under Article Seven to the same extent as if such rights, immunities, indemnities, privileges, benefits and protections referred to the Collateral Agent.

Appears in 1 contract

Samples: Execution Version (Kronos Worldwide Inc)

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