Common use of Duties of Intercreditor Collateral Agent Clause in Contracts

Duties of Intercreditor Collateral Agent. (i) The Intercreditor Collateral Agent shall not be deemed to have any knowledge (imputed or otherwise) of: (A) any of the terms or conditions of the Exterran Lender Documents, the Securitization Documents or any documents referred to therein or relating to any financing arrangement between or among any of the Collection Parties and/or EESLP, or any other party, or any breach thereof, or (B) any occurrence or existence of a default thereunder. The Intercreditor Collateral Agent has no obligation to inform any Person of any breach under any such Exterran Lender Document or Securitization Document or take any action in connection with any of the foregoing, except such actions as are specified in this Agreement.

Appears in 1 contract

Samples: Intercreditor and Collateral Agency Agreement (Exterran Holdings Inc.)

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Duties of Intercreditor Collateral Agent. (i) The Intercreditor Collateral Agent shall not be deemed to have any knowledge (imputed or otherwise) of: (A) any of the terms or conditions of the Exterran Lender Bank Documents, the Securitization Documents or any documents referred to therein or relating to any financing arrangement between or among any of the Collection Parties and/or EESLPEXLP, or any other party, or any breach thereof, or (B) any occurrence or existence of a default thereunder. The Intercreditor Collateral Agent has no obligation to inform any Person of any breach under any such Exterran Lender Bank Document or Securitization Document or to take any action in connection with any of the foregoing, except such actions as are specified in this Agreement.

Appears in 1 contract

Samples: Intercreditor and Collateral Agency Agreement (Exterran Partners, L.P.)

Duties of Intercreditor Collateral Agent. (i) The Intercreditor Collateral Agent shall not be deemed to have any knowledge (imputed or otherwise) of: (A) any of the terms or conditions of the Exterran Universal Lender Documents, the Securitization Documents or any documents referred to therein or relating to any financing arrangement between or among any of the Collection Parties and/or EESLPUniversal, or any other party, or any breach thereof, or (B) any occurrence or existence of a default thereunder. The Intercreditor Collateral Agent has no obligation to inform any Person of any breach under any such Exterran Lender Document or Securitization Document thereunder or take any action in connection with any of the foregoing, except such actions as are specified in this Agreement.

Appears in 1 contract

Samples: Collateral Agency Agreement (Universal Compression Inc)

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Duties of Intercreditor Collateral Agent. (i) The Intercreditor Collateral Agent shall not be deemed to have any knowledge (imputed or otherwise) of: (A) any of the terms or conditions of the Exterran Lender Documents, the Securitization Documents or any documents referred to therein or relating to any financing arrangement between or among any of the Collection Parties and/or EESLPEI, or any other party, or any breach thereof, or (B) any occurrence or existence of a default thereunder. The Intercreditor Collateral Agent has no obligation to inform any Person of any breach under any such Exterran Lender Document or Securitization Document or take any action in connection with any of the foregoing, except such actions as are specified in this Agreement.

Appears in 1 contract

Samples: Intercreditor and Collateral Agency Agreement (Exterran Holdings Inc.)

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