Likewise, the Clause Samples

Likewise, the. Second Lien Collateral Agent agrees to hold any Pledged Collateral that is in its possession or control as collateral agent for the Second Lien Claimholders and as collateral agent and bailee for the First Lien Collateral Agent (such collateral agency/bailment being intended, among other things, to satisfy the requirements of Sections 8-106, 8-301(a)(2), 9-104, 9-105, 9-106, 9-107 and 9-313(c) of the UCC) and any assignee solely for the purpose of perfecting the security interest granted under the Second Lien Loan Documents and the First Lien Loan Documents, respectively, subject to the terms and conditions of this Section 5.3. (b) The First Lien Collateral Agent shall have no obligation whatsoever to the First Lien Claimholders, the Second Lien Collateral Agent or any Second Lien Claimholder to ensure that the Pledged Collateral is genuine or owned by any of the Grantors or to preserve rights or benefits of any Person (including to protect or preserve the Collateral for the benefit of the Second Lien Claimholders) or otherwise owes such Person any duty in respect of its role as collateral agent and bailee pursuant to Section 5.3(a) except as expressly set forth in this Section 5.3. The duties or responsibilities of the First Lien Collateral Agent under this Section 5.3 shall be limited solely to holding and/or maintaining control of the Pledged Collateral as collateral agent and bailee in accordance with this Section 5.3 (to the extent that the First Lien Collateral Agent has not Disposed of the Collateral or returned the Collateral to a Grantor or its designee in accordance with the First Lien Loan Documents) and delivering the Pledged Collateral upon a Discharge of First Lien Obligations as provided in paragraph (d) below. Likewise, the Second Lien Collateral Agent shall have no obligation whatsoever to the First Lien Claimholders, the First Lien Collateral Agent or any Second Lien Claimholder to ensure that the Pledged Collateral is genuine or owned by any of the Grantors or to preserve rights or benefits of any Person (including to protect or preserve the Collateral for the benefit of the First Lien Claimholders) or otherwise owes such Person any duty in respect of its role as collateral agent and bailee pursuant to Section 5.3(a) except as expressly set forth in this Section 5.3. The duties or responsibilities of the Second Lien Collateral Agent under this Section 5.3 shall be limited solely to holding and/or maintaining control of the Pledged Collat...