Limitations on Duties of Collateral Trustee. (a) Unless an Enforcement Period is in effect, the Collateral Trustee shall be obligated to perform such duties and only such duties as are specifically set forth in this Trust Agreement, the First Priority Guarantees and the First Priority Security Documents, and no implied covenants or obligations shall be read into this Trust Agreement, any First Priority Guarantee or any First Priority Security Document against the Collateral Trustee. If and so long as an Enforcement Period is in effect, the Collateral Trustee shall, subject to the provisions of subsection 3.5(b), exercise the rights and powers vested in it by this Trust Agreement, the First Priority Guarantees and the First Priority Security Documents, and shall not be liable with respect to any action taken by it, or omitted to be taken by it, in accordance with the direction of the Requisite First Priority Holders.
Limitations on Duties of Collateral Trustee. (a) The Collateral Trustee shall be obliged to perform only such duties as are specifically set forth in any Collateral Document, and no implied covenants or obligations shall be read into any Collateral Document against the Collateral Trustee. The Collateral Trustee shall, upon receipt of a Notice of Actionable Default and during such time as such Notice of Actionable Default shall not have been withdrawn in accordance with the provisions of Section 3.1(b) and unless prevented from doing so by applicable law or by order of a court or other Governmental Authority, exercise the rights and powers vested in it by any Collateral Document, and the Collateral Trustee shall not be liable with respect to any action taken or omitted by it in accordance with the direction of the Lender or the Indenture Trustee pursuant to Section 3.2 of this Agreement. If at any time the Collateral Trustee shall seek directions of the Lender or the Indenture Trustee with respect to any such action to be taken or omitted by it under any of the Collateral Documents, the Collateral Trustee shall not be required to take or omit such action until it shall have received such direction.
Limitations on Duties of Collateral Trustee. The Collateral Trustee shall not be liable with respect to any action taken or omitted to be taken by it in accordance with the direction of the Administrative Agent or, to the extent provided in Sections 3.03(b), 7.02(b), 7.03(b) and 8.02(ii), the Requisite Secured Parties. Except as herein otherwise expressly provided, the Collateral Trustee shall not be under any obligation to take any action which is discretionary with the Collateral Trustee under the provisions hereof except upon the written request of the Administrative Agent or, to the extent provided in Sections 3.03(b), 7.02(b), 7.03(b) and 8.02(ii), the Requisite Secured Parties. Upon reasonable prior notice, the Collateral Trustee shall make available for inspection and copying during normal business hours by any Secured Party each certificate or other paper furnished to the Collateral Trustee by any Obligor or the Administrative Agent, the Borrower or the Indenture Trustee under or in respect of this Agreement, the Shared Security Documents or any portion of the Trust Estate.
Limitations on Duties of Collateral Trustee. The Collateral Trustee shall not be liable with respect to any action taken or omitted to be taken by it in accordance with the direction of the Mortgage Bond Trustee (or, as applicable, by the other appropriate instructing parties as provided in Section 2.03(b)). Except as herein otherwise expressly provided, the Collateral Trustee shall not be under any obligation to take any action which is discretionary with the Collateral Trustee under the provisions hereof except upon the written request of the Mortgage Bond Trustee (or except as otherwise provided in Section 2.03(b)). Upon reasonable prior notice, the Collateral Trustee shall make available for inspection and copying during normal business hours by any Secured Party each certificate or other paper furnished to the Collateral Trustee by the Company or any Debt Trustee under or in respect of this Agreement, the Shared Security Documents or any portion of the Trust Estate.
Limitations on Duties of Collateral Trustee. Except as herein otherwise expressly provided, neither Collateral Trustee nor the Agents shall be under any obligation to take any action which Collateral Trustee or the Agents shall have the right to take or forbear from taking in their discretion under the provisions hereof or of any Security Document (as defined in the Credit Agreement).
Limitations on Duties of Collateral Trustee. The Collateral Trustee shall not be liable with respect to any action taken or omitted to be taken by it in accordance with the direction of the Required Lenders or Requisite Secured Parties, as applicable, pursuant to Article II hereof. Except as herein otherwise expressly provided, the Collateral Trustee shall not be under any obligation to take any action which is discretionary with the Collateral Trustee under the provisions hereof except upon the written request of the Required Lenders or Requisite Secured Parties, as applicable, pursuant to Article II hereof. The Collateral Trustee shall make available for inspection and copying by any Secured Party each certificate or other paper furnished to the Collateral Trustee by AWNA or any BFI Company under or in respect of this Agreement, any Collateral Document or any portion of the Trust Estate.
Limitations on Duties of Collateral Trustee. (a) The Collateral Trustee shall be obligated to perform such duties and only such duties as are specifically set forth in this Agreement or in any other Collateral Trust Document, and no implied covenants or obligations shall be read into this Agreement or any other Collateral Trust Document against the Collateral Trustee. The Collateral Trustee shall exercise the rights and powers vested in it by this Agreement or by any other Collateral Trust Document, and the Collateral Trustee shall not be liable with respect to any action taken or omitted to be taken by it in accordance with the direction of the Agent or the Trustee, as the case may be, in accordance with the terms of this Agreement.
Limitations on Duties of Collateral Trustee. The Collateral Trustee shall not be liable with respect to any action taken or omitted to be taken by it in accordance with the direction of the Indenture Trustee. Except as herein otherwise expressly provided, the Collateral Trustee shall not be under any obligation to take any action which is discretionary with the Collateral Trustee under the provisions hereof except upon the written request of the Indenture Trustee. The Collateral Trustee shall make available for inspection and copying by the Indenture Trustee each certificate or other paper furnished to the Collateral Trustee by Warnaco or any Guarantor under or in respect of this Agreement or any other Loan Document or any portion of the Trust Estate.
Limitations on Duties of Collateral Trustee. The Collateral Trustee shall not be liable with respect to any action taken or omitted to be taken by it in accordance with the direction of the Requisite Secured Parties. Upon reasonable prior notice, the Collateral Trustee shall make available for inspection and copying during normal business hours by any Secured Party each certificate or other paper furnished to the Collateral Trustee by any Obligor, the Administrative Agent, any Lender or any Noteholder under or in respect of this Agreement, the Shared Security Documents or any portion of the Trust Estate.
Limitations on Duties of Collateral Trustee. (i) The Collateral Trustee will not have any fiduciary duties nor shall it be obliged to perform any duties other than such duties as are specifically set forth in this Agreement or in any Security Document, and no implied covenants or obligations shall be read into this Agreement or any Security Document against the Collateral Trustee and the Collateral Trustee shall not be liable with respect to any action taken or omitted by it in accordance with the direction of the Applicable Parity Lien Representative pursuant to Section 3(h). The Collateral Trustee will not be required to take any action that is contrary to applicable law or any provision of this Agreement or the other Parity Lien Documents.
