Common use of Limitations on Responsibility of Collateral Agent Clause in Contracts

Limitations on Responsibility of Collateral Agent. The Collateral Agent shall not be responsible in any manner whatsoever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security Document. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of any Grantor to the Collateral, as to the security afforded by this Agreement or any Other Security Document or as to the validity, execution, enforceability, legality or sufficiency of this Agreement or any Other Security Document, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens upon the Collateral or otherwise for the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the Collateral Agent shall have no duty to the Grantors or to the holders of the Secured Obligations as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such Collateral the same care that it normally accords to its own assets and the duty to account for moneys received by it. The Collateral Agent shall not be required to ascertain or inquire as to the performance by any Guarantor or Grantor of any of the covenants or agreements contained herein or in any other agreement. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person in connection with this Agreement or any Other Security Document except for such person’s own gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken in the absence of any such directions or instructions) shall not constitute gross negligence or wilful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by any such person in accordance with any notice given by the Administrative Agent or the Majority Lenders under the Credit Agreement hereunder or under any Other Security Document even if, at the time such action is taken by any such Person, the Administrative Agent or the Lenders which gave the notice to take such action shall no longer be the Administrative Agent or the Majority Lenders under the Credit Agreement or the Secured Parties on behalf of which such notice was given are no longer the Secured Parties. The Collateral Agent may execute any of the powers granted under this Agreement and perform any duty hereunder either directly or by or through agents or attorneys-in-fact.

Limitations on Responsibility of Collateral Agent. The Collateral Agent shall have no duties or obligations except those expressly set forth herein and in the other Loan Documents. Without limiting the generality of the foregoing, (a) the Collateral Agent shall not be responsible in subject to any manner whatsoever for the correctness fiduciary or other implied duties, regardless of whether a default under any recitalsLoan Document has occurred and is continuing, statements, representations or warranties contained herein or in any Other Security Document. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of any Grantor to the Collateral, as to the security afforded by this Agreement or any Other Security Document or as to the validity, execution, enforceability, legality or sufficiency of this Agreement or any Other Security Document, and (b) the Collateral Agent shall incur have no liability duty to take any discretionary action or responsibility exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby that such agent is instructed in respect of any writing to exercise by the Majority Secured Parties (or such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments greater number or Liens upon the Collateral or otherwise for the maintenance percentage of the Collateral, except Secured Parties as shall be necessary under the circumstances as provided in Section 11.09 hereof), and (c) except as expressly set forth herein and in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided hereinother Security Documents, the Collateral Agent shall have no duty to disclose, nor shall it be liable for the Grantors failure to disclose, any information relating to Holdings, the Borrower or any Subsidiary that is communicated to or obtained by the holders of the Secured Obligations bank serving as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or its Affiliates in any other rights pertaining thereto, except the duty to accord such Collateral the same care that it normally accords to its own assets and the duty to account for moneys received by itcapacity. The Collateral Agent shall not be required to ascertain or inquire as to the performance by any Guarantor or Grantor of any of the covenants or agreements contained herein or in any other agreement. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be not taken by any it with the consent or at the request of the Majority Secured Parties (or such person greater number or percentage of the Secured Parties as shall be necessary under the circumstances as provided in connection with this Agreement Section 11.09 hereof) or any Other Security Document except for such person’s in the absence of its own gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken in the absence of any such directions or instructions) shall not constitute gross negligence or wilful willful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by any such person in accordance with any notice given by the Administrative Agent or the Majority Lenders under the Credit Agreement hereunder or under any Other Security Document even if, at the time such action is taken by any such Person, the Administrative Agent or the Lenders which gave the notice to take such action shall no longer be the Administrative Agent or the Majority Lenders under the Credit Agreement or the Secured Parties on behalf of which such notice was given are no longer the Secured Parties. The Collateral Agent may execute shall be deemed to have no knowledge of any default under any Loan Document unless and until written notice thereof is given to the Collateral Agent by any Secured Party or any Loan Party, and the Collateral Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any Loan Document, (ii) the contents of any certificate, report or other document delivered thereunder or in connection therewith, (iii) the performance or observance of any of the powers granted under this Agreement and perform covenants, agreements or other terms or conditions set forth in any duty hereunder either directly Loan Document or by (iii) the validity, enforceability, effectiveness or through agents genuineness of any Loan Document or attorneys-in-factany other agreement, instrument or document, other than to confirm receipt of items expressly required to be delivered to such agent.

Limitations on Responsibility of Collateral Agent. The Collateral Agent shall not be responsible in any manner whatsoever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security Document. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of any Grantor to the Collateral, as to the security afforded by this Agreement or any Other Security Document or as to the validity, execution, enforceability, legality or sufficiency of this Agreement or any Other Security Document, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens upon the Collateral or otherwise for the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the Collateral Agent shall have no duty to the Grantors or to the holders of the Secured Obligations as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such Collateral the same care that it normally accords to its own assets and the duty to account for moneys received by it. The Collateral Agent shall not be required to ascertain or inquire as to the performance by any Borrower, Guarantor or Grantor of any of the covenants or agreements contained herein or in any other agreement. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person in connection with this Agreement or any Other Security Document except for such person’s 's own gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the any Credit Agreement (or not taken taken, in the absence of any such directions or instructions) shall not constitute gross negligence or wilful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by any such person in accordance with any notice given by the Administrative Agent or the Majority Lenders under the any Credit Agreement hereunder or under any Other Security Document even if, at the time such action is taken by any such Person, the Administrative Agent or the Lenders which gave the notice to take such action shall no longer be the Administrative Agent or the Majority Lenders under the such Credit Agreement or the Secured Parties on behalf of which such notice was given are no longer the Secured Parties. The Collateral Agent may execute any of the powers granted under this Agreement and perform any duty hereunder either directly or by or through agents or attorneys-in-fact.

Limitations on Responsibility of Collateral Agent. The Collateral Agent shall not be responsible in any manner whatsoever whatever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security other Credit Transaction Document, except for those expressly made by it herein. The Collateral Agent makes no representation as to the value value, perfection, priority, or condition of the Collateral or any part thereofthereof or any Lien of the Collateral Agent thereon, as to the title of any Grantor Obligor to the Collateral, as to the security afforded by this Agreement or any Other Security Document or or, except as expressly set forth in Article VI, as to the validity, execution, enforceability, perfection, priority, legality or sufficiency of this Agreement or any Other Security other Credit Transaction Document, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens upon the Collateral or otherwise for as to the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the The Collateral Agent shall have no duty to the Grantors any Obligor or to the holders of the Secured Obligations Participating Creditors as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation presentation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such of the Collateral as may be in its possession substantially the same care that as it normally accords to its own assets and the duty to account for moneys monies received by it. The Collateral Agent shall not be required to ascertain or inquire as to the performance by any Guarantor or Grantor Obligor of any of the covenants or agreements contained herein or in any the other agreementCredit Transaction Documents. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person in connection with this Agreement or any Other Security other Credit Transaction Document except for its or such person’s Person's own gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken in the absence of any such directions or instructions) shall not constitute gross negligence or wilful willful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by it or any such person in accordance with any notice given by the Administrative Agent or the Majority Lenders under the Credit Agreement requisite number of Participating Creditors hereunder or under any Other Security Document entitled to give such notice, even if, at the time such action is taken by it or any such Personperson, the Administrative Agent or the Lenders which Participating Creditors that gave the notice to take such action shall no longer be the Administrative Agent or the Majority Lenders under the Credit Agreement or the Secured Parties on behalf of which such notice was given are no longer Participating Creditors and if the Secured PartiesCollateral Agent has not received written notice of such fact. The Collateral Agent may execute any of the powers granted under this Agreement or any of the Security Documents and perform any duty hereunder or thereunder either directly or by or through agents or attorneys-in-fact, and shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with reasonable care and without negligence.

Limitations on Responsibility of Collateral Agent. The Collateral Agent shall not be responsible in any manner whatsoever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security Noteholder Document. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of any Grantor to the Collateral, as to the security afforded by this Agreement or any Other Security Document or Noteholder Document, as to the validity, execution, enforceability, legality or sufficiency of this Agreement any Noteholder Document or any Other Security Documentother document or instrument referred to or provided for herein, or as to the perfection of any security interests granted pursuant to any of the foregoing documents or instruments and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens upon the Collateral or otherwise for the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the Collateral Agent shall have no duty to the Grantors or to the holders of the Secured Obligations Parties as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such Collateral the same care that it normally accords to its own assets and the duty to account for moneys received by it. The Collateral Agent shall not be required to ascertain or inquire as to the performance by any Guarantor or Grantor of any of the covenants or agreements contained herein or in any other agreement. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person in connection with this any Noteholder Document or the Intercreditor Agreement or any Other Security Document except for such person’s 's own gross negligence or wilful willful misconduct (it being understood that any action taken in accordance with the terms of this any Noteholder Document or the Intercreditor Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent Trustee or the Majority Lenders under Representatives or the Credit holders of at least 25% of the aggregate principal amount of (x) the Notes and (y) any Designated Pari Passu Obligations in accordance with the terms of this Agreement (or not taken taken, in the absence of any such directions or instructions) shall not constitute gross negligence or wilful willful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by any such person in accordance with any notice given by the Administrative Agent Trustee and the Representatives or the Majority Lenders under holders of at least 25% in aggregate principal amount of the Credit Agreement hereunder or under (x) Notes and (y) any Other Security Document Designated Pari Passu Obligations, even if, at the time such action is taken by any such Person, the Administrative Agent Trustee and the Representatives or holders of at least 25% in aggregate principal amount of the Lenders (x) Notes and any (y) Designated Pari Passu Obligations, which gave the notice to take such action shall no longer be the Administrative Agent Trustee and the Representatives or the Majority Lenders under holders of at least 25% in aggregate principal amount of the Credit Agreement or the Secured Parties on behalf of which such notice was given are no longer the Secured Parties(x) Notes and (y) any Designated Pari Passu Obligations. The Collateral Agent may execute any of the powers granted under this Agreement and perform any duty hereunder either directly or by or through agents or agents, accountants, appraisers, attorneys-in-factfact or other experts.

Limitations on Responsibility of Collateral Agent. The Collateral Agent shall not be responsible in any manner whatsoever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security Document, except for those expressly made by it herein or therein. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of any Grantor the Companies to the Collateral, as to the security afforded by this Agreement or any Other Security Document or or, except as set forth in Section 6, as to the validity, execution, enforceability, legality or sufficiency of this Agreement or any Other Security Document, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens liens upon the Collateral or otherwise for as to the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the The Collateral Agent shall have no duty to the Grantors Companies or to the holders of any of the Secured Obligations as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such of the Collateral as may be in its possession substantially the same care that as it normally accords to its own assets and the duty to account for moneys monies received by it. The Collateral Agent shall not be required to ascertain or inquire as to the performance by any Guarantor or Grantor the Companies of any of the covenants or agreements contained herein or in any other agreementof the Credit Documents. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person Person in connection with this Agreement or any Other Security Document except for such person’s Person's own gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken in the absence of any such directions or instructions) shall not constitute gross negligence or wilful willful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by any such person Person in accordance with any notice given by the Administrative Agent or Required Noteholders or, if after the Majority Lenders under the Credit Agreement hereunder or under any Other Security Document even if, at the time such action is taken by any such Personoccurrence of an Actionable Default, the Administrative Agent or Demand Noteholders, pursuant to the Lenders which gave the notice to take such action shall no longer be the Administrative Agent or the Majority Lenders under the Credit Agreement or the Secured Parties on behalf terms of which such notice was given are no longer the Secured Partiesthis Agreement. The Collateral Agent may execute any of the powers granted under this Agreement or any of the Security Documents and perform any duty hereunder or thereunder either directly or by or through agents or attorneys-in-fact, and shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it absent gross negligence or willful misconduct.

Limitations on Responsibility of Collateral Agent. The Collateral Agent shall not be responsible in any manner whatsoever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security other Senior Credit Document, except for those expressly made by it herein or therein. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of any Grantor the Pledgors in and to the Collateral, as to the security afforded by this Agreement or any Other Security Document or the Master Pledge Agreement or, except as expressly set forth in Article VI, as to the validity, execution, enforceability, legality or sufficiency of this Agreement or any Other Security other Senior Credit Document, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens liens upon the Collateral or otherwise for as to the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the The Collateral Agent shall have no duty to the Grantors or to the holders any of the Issuers, the Guarantors or the Secured Obligations Parties as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such of the Collateral as may be in its possession or control substantially the same care that as it normally accords to its own assets and the duty to account for moneys monies received by it. The Collateral Agent shall not be required to ascertain or inquire as to the performance by any Guarantor of the Issuers or Grantor the Guarantors of any of the covenants or agreements contained herein or in any the other agreementSenior Credit Documents. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person in connection with this Agreement or any Other Security Document the Master Pledge Agreement except for its or such person’s 's own gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken in the absence of any such directions or instructions) shall not constitute gross negligence or wilful willful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by it or any such person in accordance with any notice given by the Administrative Agent or the Majority Lenders under the Credit Agreement requisite number of Secured Parties hereunder or under any Other Security Document entitled to give such notice, even if, at the time such action is taken by it or any such Personperson, the Administrative Agent or the Lenders which Secured Parties that gave the notice to take such action shall no longer be the Administrative Agent or the Majority Lenders under the Credit Agreement or the Secured Parties on behalf of which such notice was given are no longer Secured Parties and the Secured PartiesCollateral Agent has not received written notice of such fact. The Collateral Agent may execute any of the powers granted under this Agreement or the Master Pledge Agreement and perform any duty hereunder or thereunder either directly or by or through agents or attorneys-in-fact, and shall not be responsible for the negligence or misconduct of any agents or attorneys in-fact selected by it with reasonable care and without gross negligence or willful misconduct.

Limitations on Responsibility of Collateral Agent. The Collateral Agent shall not be responsible in any manner whatsoever except for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security Documentthose made by it herein. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of any Grantor the Borrowers to the Collateral, as to the security afforded by this Agreement or any Other Security Document or or, except as set forth in Section 6, as to the validity, execution, enforceability, legality or sufficiency of this Agreement or any Other Security Document, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens liens upon the Collateral or otherwise for as to the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the The Collateral Agent shall have no duty to the Grantors Borrowers or to the holders of any of the Secured Obligations as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such of the Collateral as may be in its possession substantially the same care that as it normally accords to its own assets and the duty to account for moneys monies received by it. The Collateral Agent shall not be responsible for any loss suffered with respect to any investment permitted to be made under this Agreement and shall not be responsible for the consequences of any oversight or error of judgment whatsoever, except that the Collateral Agent may be liable for losses due to its willful misconduct or gross negligence. The Collateral Agent shall not be required to ascertain or inquire as to the performance by any Guarantor or Grantor the Borrowers of any of the covenants or agreements contained herein or in any other agreementof the Credit Documents. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person in connection with this Agreement or any Other Security Document except for such person’s 's own gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken in the absence of any such directions or instructions) shall not constitute gross negligence or wilful willful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by any such person in accordance with any notice given by the Administrative Agent or Requisite Party pursuant to the Majority Lenders under the Credit terms of this Agreement hereunder or under any Other Security Document even if, at the time such action is taken by any such Personperson, the Administrative Agent Requisite Party or the Lenders which gave the notice person purporting to take such action shall no longer be the Administrative Requisite Party is not entitled to give such notice, except where the account officer of the Collateral Agent active upon the Borrower's account has actual knowledge that such Requisite Party or person purporting to be the Majority Lenders under the Credit Agreement or the Secured Parties on behalf of which Requisite Party is not entitled to give such notice was given are no longer the Secured Partiesnotice. The Collateral Agent may execute any of the powers granted under this Agreement or any of the Security Documents and perform any duty hereunder or thereunder either directly or by or through agents or attorneys-in-fact, and shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it without gross negligence or willful misconduct.

Limitations on Responsibility of Collateral Agent. The Collateral Agent shall not be responsible in any manner whatsoever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security Document, except for those expressly made by it herein or therein. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of any Grantor the Companies to the Collateral, as to the security afforded by this Agreement or any Other Security Document or or, except as set forth in Section 6, as to the validity, execution, enforceability, legality or sufficiency of this Agreement or any Other Security Document, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens liens upon the Collateral or otherwise for as to the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the The Collateral Agent shall have no duty to the Grantors Companies or to the holders of any of the Secured Obligations as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such of the Collateral as may be in its possession substantially the same care that as it normally accords to its own assets and the duty to account for moneys monies received by it. The Collateral Agent shall not be required to ascertain or inquire as to the performance by any Guarantor or Grantor the Companies of any of the covenants or agreements contained herein or in any other agreementof the Credit Documents. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person Person in connection with this Agreement or any Other Security Document except for such person’s Person's own gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken in the absence of any such directions or instructions) shall not constitute gross negligence or wilful willful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by any such person Person in accordance with any notice given by the Administrative Agent or Required Holders or, if after the Majority Lenders under the Credit Agreement hereunder or under any Other Security Document even if, at the time such action is taken by any such Personoccurrence of an Actionable Default, the Administrative Agent or Demand Holders, pursuant to the Lenders which gave the notice to take such action shall no longer be the Administrative Agent or the Majority Lenders under the Credit Agreement or the Secured Parties on behalf terms of which such notice was given are no longer the Secured Partiesthis Agreement. The Collateral Agent may execute any of the powers granted under this Agreement or any of the Security Documents and perform any duty hereunder or thereunder either directly or by or through agents or attorneys-in-fact, and shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it absent gross negligence or willful misconduct.

Limitations on Responsibility of Collateral Agent. (a) The Collateral Agent shall not be responsible in any manner whatsoever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security other Note Document, except for those made by it herein. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of any Grantor Obligor to the Collateral, as to the security afforded by this Agreement or any Other Security other Note Document or as to the validity, execution, enforceability, legality or sufficiency of this Agreement or any Other Security other Note Document, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens liens upon the Collateral or otherwise for as to the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the The Collateral Agent shall have no duty to the Grantors any Obligor or to the holders Holders of the Secured Obligations as to the care of any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such of the Collateral as may be in its possession substantially the same care that as it normally accords to its own assets and the duty to account for moneys monies received by it. The Collateral Agent's duties and responsibilities shall be determined solely by the provisions of this Agreement and the other Note Documents to which it is a party, and the Collateral Agent shall not be liable or responsible for any duties or obligations set forth in any other document to which it is not a party. The designation of U.S. Bank National Association as "administrative agent" for purposes of the Mortgages is for convenience only, and shall not confer on U.S. Bank National Association any additional duties or responsibilities. (b) The Collateral Agent shall not be responsible for any loss suffered with respect to any investment permitted to be made under this Agreement and shall not be responsible for the consequences of any oversight or error of judgment whatsoever, except that the Collateral Agent may be liable for losses due to its willful misconduct, gross negligence or breach of its agreement set forth herein. The Collateral Agent shall not be required to ascertain or inquire as to the performance by any Guarantor or Grantor Obligor of any of the covenants or agreements contained herein or in any of the other agreementNote Documents. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person Person in connection with this Agreement or any Other Security other Note Document except for such person’s own Person's gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken in the absence of any such directions or instructions) shall not constitute gross negligence or wilful willful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof officer shall be personally liable for any action taken by any such person Person in accordance with any notice given by the Administrative Agent or Required Holders in accordance with and pursuant to the Majority Lenders under the Credit terms of this Agreement hereunder or under any Other Security Document even if, at the time such action is taken by any such Person, the Administrative Agent Required Holders or the Lenders which gave the notice Persons purporting to take such action shall no longer be the Administrative Required Holders are not so authorized by the Required Holders to give such notice, except where a Responsible Officer of the Collateral Agent has actual knowledge that such Required Holders or Persons purporting to be the Majority Lenders under Required Holders are not so authorized by the Credit Agreement or the Secured Parties on behalf of which Required Holders to give such notice was given are no longer the Secured Partiesnotice. The Collateral Agent may execute any of the powers granted under this Agreement or any of the other Note Documents and perform any duty hereunder or thereunder either directly or by or through agents agents, receivers, or attorneys-in-factfact and shall not be responsible for anything done by such agents, receivers or attorneys-in-fact selected by it with due care. (c) Whenever pursuant to the provisions hereof or of any other Note Document it is required that any party hereto obtain the consent or approval of the Collateral Agent, or that any matter prove satisfactory to the Collateral Agent, or if the Collateral Agent, in its best judgment, needs clarification or instruction concerning its duties or obligations hereunder, the Collateral Agent, prior to giving any such consent or approval or indicating its satisfaction with any such matter, or performing such duty or obligation, shall (except where the failure to do so, in its good faith judgment, could imperil the Collateral or the Collateral Agent's Liens thereon) be required to consult with the Holders in a manner deemed reasonable by the Collateral Agent, and the Collateral Agent shall be protected in following any direction of the Required Holders. (d) The foregoing provisions of this section 16.5 shall not relieve the Collateral Agent of any liability for any failure to perform any contractual duty expressly undertaken by it to be performed under this Agreement if such liability is caused by the gross negligence or willful misconduct of the Collateral Agent.

Limitations on Responsibility of Collateral Agent. The Collateral Agent shall not be responsible in any manner whatsoever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security Document, except for those made by it herein. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of any Grantor the Borrowers to the Collateral, as to the security afforded by this Agreement or any Other Security Document or or, except as set forth in §6, as to the validity, execution, enforceability, legality or sufficiency of this Agreement or any Other Security Document, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens liens upon the Collateral or otherwise for as to the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the The Collateral Agent shall have no duty to the Grantors Borrowers or to the holders of any of the Secured Obligations as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such of the Collateral as may be in its possession substantially the same care that as it normally accords to its own assets and the duty to account for moneys monies received by it. The Collateral Agent shall not be responsible for any loss suffered with respect to any investment permitted to be made under this Agreement and shall not be responsible for the consequences of any oversight or error of judgment whatsoever, except that the Collateral Agent may be liable for losses due to its willful misconduct or gross negligence. The Collateral Agent shall not be required to ascertain or inquire as to the performance by any Guarantor or Grantor the Borrowers of any of the covenants or agreements contained herein or in any other agreementof the Credit Documents. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person in connection with this Agreement or any Other Security Document except for such person’s own gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken in the absence of any such directions or instructions) shall not constitute gross negligence or wilful willful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by any such person in accordance with any notice given by the Administrative Agent or Requisite Party pursuant to the Majority Lenders under the Credit terms of this Agreement hereunder or under any Other Security Document even if, at the time such action is taken by any such Personperson, the Administrative Agent Requisite Party or the Lenders which gave the notice person purporting to take such action shall no longer be the Administrative Requisite Party is not entitled to give such notice, except where the account officer of the Collateral Agent active upon the Borrowers’ account has actual knowledge that such Requisite Party or person purporting to be the Majority Lenders under the Credit Agreement or the Secured Parties on behalf of which Requisite Party is not entitled to give such notice was given are no longer the Secured Partiesnotice. The Collateral Agent may execute any of the powers granted under this Agreement or any of the Security Documents and perform any duty hereunder or thereunder either directly or by or through agents or attorneys-in-fact, and shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it without gross negligence or willful misconduct.

Limitations on Responsibility of Collateral Agent. The Collateral Agent shall not be responsible in any manner whatsoever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security Documentherein, except for those made by it herein. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of any Grantor the Obligors to the Collateral, as to the security afforded by this Agreement or any Other Security Collateral Document or as to the validity, execution, enforceability, legality or sufficiency of this Agreement or any Other Security DocumentAgreement, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens liens upon the Collateral or otherwise for as to the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the The Collateral Agent shall have no duty to the Grantors Company or to the holders of any of the Secured Obligations Senior Indebtedness as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such of the Collateral as may be in its possession substantially the same care that as it normally accords to its own assets and the duty to account for moneys monies received by it. The Collateral Agent shall not be responsible for any loss suffered with respect to any investment permitted to be made under this Agreement and shall not be responsible for the consequences of any oversight or error of judgment whatsoever, except that the Collateral Agent shall be liable for losses due to its willful misconduct or gross negligence. The Collateral Agent shall not be required to ascertain or inquire as to the performance by any Guarantor or Grantor the Company of any of the covenants or agreements contained herein or in any other agreementof the Credit Documents. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person in connection with this Agreement or any Other Security Document except for such person’s 's own gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken in the absence of any such directions or instructions) shall not constitute gross negligence or wilful willful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by any such person in accordance with any notice given by the Administrative Agent or Required Senior Lenders pursuant to the Majority Lenders under the Credit terms of this Agreement hereunder or under any Other Security Document even if, at the time such action is taken by any such Personperson, the Administrative Agent Required Senior Lenders or the Lenders which gave the notice Persons purporting to take such action shall no longer be the Administrative Required Senior Lenders are not entitled to give such notice, except where the account officer of the Collateral Agent active upon the Company's account has actual knowledge that the Required Senior Lenders or Persons purporting to be the Majority Required Senior Lenders under the Credit Agreement or the Secured Parties on behalf of which are not entitled to give such notice was given are no longer the Secured Partiesnotice. The Collateral Agent may execute any of the powers granted under this Agreement and perform any duty hereunder or thereunder either directly or by or through employees or agents, and shall not be responsible for the negligence or misconduct of any employees or agents selected by it without gross negligence or attorneys-in-factwillful misconduct. The Collateral Agent may utilize the services of such employees or agents as the Collateral Agent in its sole discretion may reasonably determine, and all reasonable fees and expenses of any such employees or agents shall be paid by the Obligors.

Limitations on Responsibility of Collateral Agent. The Collateral Agent shall not be responsible in any manner whatsoever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security Document. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of any Grantor to the Collateral, as to the security afforded by this Agreement or any Other Security Document or as to the validity, execution, enforceability, legality or sufficiency of this Agreement or any Other Security Document, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens upon the Collateral or otherwise for the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the Collateral Agent shall have no duty to the Grantors or to the holders of the Secured Obligations as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such Collateral the same care that it normally accords to its own assets and the duty to account for moneys received by it. The Collateral Agent shall not be required to ascertain or inquire as to the performance by any Borrower, Guarantor or Grantor of any of the covenants or agreements contained herein or in any other agreement. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person in connection with this Agreement or any Other Security Document except for such personPerson’s own gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken taken, in the absence of any such directions or instructions) shall not constitute gross negligence or wilful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by any such person Person in accordance with any notice given by the Administrative Agent or the Majority Lenders under the Credit Agreement hereunder or under any Other Security Document even if, at the time such action is taken by any such Person, the Administrative Agent or the Lenders which gave the notice to take such action shall no longer be the Administrative Agent or the Majority Lenders under the Credit Agreement or the Secured Parties on behalf of which such notice was given are no longer the Secured Parties. The Collateral Agent may execute any of the powers granted under this Agreement and perform any duty hereunder either directly or by or through agents or attorneys-in-fact.

Limitations on Responsibility of Collateral Agent. The Collateral Agent shall have no duties or responsibilities except those expressly set forth in this Agreement. The Collateral Agent shall not by reason of this Agreement or the Security Documents have any fiduciary obligation to any Secured Creditor. The Collateral Agent shall not be responsible in any manner whatsoever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security other Transaction Document, except for those expressly made by it herein. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of any Grantor the Grantors to the Collateral, as to the security afforded by this Agreement or any Other Security Document or or, except as expressly set forth in Article V, as to the validity, execution, enforceability, legality or sufficiency of this Agreement or any Other Security Transaction Document, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens upon the Collateral or otherwise for the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the Collateral Agent shall have no duty to the Grantors or to the holders of the Secured Obligations Creditors as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such of the Collateral as may be in its possession substantially the same care that as it normally accords to its own assets and the duty to account for moneys monies received by it. The Collateral Agent may exercise its powers and duties by or through employees or agents and shall not be required entitled to ascertain or inquire as take, and rely upon, advice of counsel concerning all matters pertaining to the performance by any Guarantor or Grantor of any of the covenants or agreements contained herein or in any other agreementits rights and duties hereunder. Neither the Collateral Agent nor any officerof its officers, agent directors, shareholders, employees or representative thereof agents shall be personally liable for any action taken or omitted to be taken by any such person in connection with this Agreement or any Other Security Document hereunder except for such person’s own its or their willful misconduct or gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken in the absence of any such directions or instructions) shall not constitute gross negligence or wilful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by any such person in accordance with any notice given by the Administrative Agent or the Majority Lenders under the Credit Agreement hereunder or under any Other Security Document even if, at the time such action is taken by any such Person, the Administrative Agent or the Lenders which gave the notice to take such action shall no longer be the Administrative Agent or the Majority Lenders under the Credit Agreement or the Secured Parties on behalf of which such notice was given are no longer the Secured Parties. The Collateral Agent may execute any of the powers granted under this Agreement and perform any duty hereunder either directly or by or through agents or attorneys-in-factnegligence.

Limitations on Responsibility of Collateral Agent. The Collateral Agent shall not be responsible in any manner whatsoever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security other Credit Transaction Document, except for those expressly made by it herein. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of any Grantor the Company, TA, National or TAFSI to the Collateral, as to the security afforded by this Agreement or any Other Security Support Document or or, except as expressly set forth in Article VI, as to the validity, execution, enforceability, legality or sufficiency of this Agreement or any Other Security other Credit Transaction Document, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens liens upon the Collateral or otherwise for as to the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the The Collateral Agent shall have no duty to the Grantors Company, TA, National or TAFSI or to the holders of the Secured Obligations Participating Creditors as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such of the Collateral as may be in its possession substantially the same care that as it normally accords to its own assets and the duty to account for moneys monies received by it. The Collateral Agent shall not be required to ascertain or inquire as to the performance by any Guarantor the Company, TA, National or Grantor TAFSI of any of the covenants or agreements contained herein or in any the other agreementCredit Transaction Documents. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person in connection with this Agreement or any Other Security other Credit Transaction Document except for its or such person’s 's own gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken in the absence of any such directions or instructions) shall not constitute gross negligence or wilful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by it or any such person in accordance with any notice given by the Administrative Agent or the Majority Lenders under the Credit Agreement requisite number of Participating Creditors hereunder or under any Other Security Document entitled to give such notice, even if, at the time such action is taken by it or any such Personperson, the Administrative Agent or the Lenders which Participating Creditors that gave the notice to take such action shall no longer be the Administrative Agent or the Majority Lenders under the Credit Agreement or the Secured Parties on behalf of which such notice was given are no longer Participating Creditors and if the Secured PartiesCollateral Agent has not received written notice of such fact. The Collateral Agent may execute any of the powers granted under this Agreement or any of the Support Documents and perform any duty hereunder or thereunder either directly or by or through agents or attorneys-in-fact, and shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with reasonable care and without gross negligence or wilful misconduct.

Limitations on Responsibility of Collateral Agent. The Collateral Agent shall not be responsible in any manner whatsoever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security Document. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of any Grantor to the Collateral, as to the security afforded by this Agreement or any Other Security Document or as to the validity, execution, enforceability, legality or sufficiency of this Agreement or any Other Security Document, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens upon the Collateral or otherwise for the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the Collateral Agent shall have no duty to the Grantors or to the holders of the Secured Obligations as to any Collateral in its possession or control or in the possession or control of any agent [[5336199v.2]] or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such Collateral the same care that it normally accords to its own assets and the duty to account for moneys received by it. The Collateral Agent shall not be required to ascertain or inquire as to the performance by any Guarantor or Grantor of any of the covenants or agreements contained herein or in any other agreement. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person in connection with this Agreement or any Other Security Document except for such person’s own gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken in the absence of any such directions or instructions) shall not constitute gross negligence or wilful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by any such person in accordance with any notice given by the Administrative Agent or the Majority Lenders under the Credit Agreement hereunder or under any Other Security Document even if, at the time such action is taken by any such Person, the Administrative Agent or the Lenders which gave the notice to take such action shall no longer be the Administrative Agent or the Majority Lenders under the Credit Agreement or the Secured Parties on behalf of which such notice was given are no longer the Secured Parties. The Collateral Agent may execute any of the powers granted under this Agreement and perform any duty hereunder either directly or by or through agents or attorneys-in-fact.

Limitations on Responsibility of Collateral Agent. The Collateral Agent shall not be responsible in any manner whatsoever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security Pledge Document, except for those made by it herein. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of any Grantor either Pledgor to the Collateral, as to the security afforded by this Pledge Agreement or any Other Security other Pledge Document or as to the validity, execution, enforceability, legality or sufficiency of this Pledge Agreement or any Other Security Pledge Document, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Except as may be expressly provided in any Pledge Document, the Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens liens upon the Collateral or otherwise for as to the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the The Collateral Agent shall have no duty to the Grantors Pledgors or to the holders of the Secured Obligations Notes as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such of the Collateral as may be in its possession substantially the same care that as it normally accords to its own assets and the duty to account for moneys monies received by it. The Collateral Agent shall have no obligations to file any UCC financing statements or UCC continuation statements except at the written direction of the Pledgors and upon receipt of such statements completed and in a proper form for filing provided to the Collateral Agent at least fifteen Business Days in advance of any requested filing date. The Collateral Agent shall not be responsible for the consequences of any oversight or error of judgment whatsoever, except that the Collateral Agent shall be liable for losses due to its willful misconduct or gross negligence. The Collateral Agent shall not be required to ascertain or inquire as to the performance by any Guarantor or Grantor either Pledgor of any of the covenants or agreements contained herein or in any other agreementthe Indentures, the Notes or the Pledge Documents. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person in connection with this Pledge Agreement or any Other Security other Pledge Document except for such person’s 's own gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken in the absence of any such directions or instructions) shall not constitute gross negligence or wilful willful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by any such person in accordance with any written notice given by the Administrative Agent or Senior Indenture Trustee and/or the Majority Lenders under Subordinated Indenture Trustee pursuant to the Credit terms of this Pledge Agreement hereunder or under any Other Security Document even if, at the time such action is taken by any such Personperson, the Administrative Agent Senior Indenture Trustee or the Lenders which gave Subordinated Indenture Trustee, as the notice case may be, is not entitled to take give such action shall no longer be notice, except where the Administrative account officer of the Collateral Agent responsible for the Pledgors' accounts has actual knowledge that the Senior Indenture Trustee or the Majority Lenders under the Credit Agreement or the Secured Parties on behalf of which Subordinated Indenture Trustee is not entitled to give such notice was given are no longer the Secured Partiesnotice. The Collateral Agent may execute any of the powers granted under this Pledge Agreement or any of the other Pledge Documents and perform any duty hereunder or thereunder either directly or by or through agents or attorneys-in-fact, and shall not be responsible for the misconduct of any agents or attorneys-in-fact selected by it with due care.

Limitations on Responsibility of Collateral Agent. The Collateral Agent shall not be responsible in any manner whatsoever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security Document. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of any Grantor to the Collateral, as to the security afforded by this Agreement or any Other Security Document or as to the validity, execution, enforceability, legality or sufficiency of this Agreement or any Other Security Document, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens upon the Collateral or otherwise for the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the Collateral Agent shall have no duty to the Grantors or to the holders of the Secured Obligations as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such Collateral the same care that it normally accords to its own assets and the duty to account for moneys received by it. The Collateral Agent shall not be required to ascertain or inquire as to the performance by any Guarantor or Grantor of any of the covenants or agreements contained herein or in any other agreement. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person in connection with this Agreement or any Other Security Document except for such person’s own gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken in the absence of any such directions or instructions) shall not constitute gross negligence or wilful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by any such person in accordance with any notice given by the Administrative Agent or the Majority Lenders under the Credit Agreement hereunder or under any Other Security Document even if, at the time such action is taken by any such Person, the Administrative Agent or the Lenders which gave the notice to take such action shall no longer be the Administrative Agent or the Majority Lenders under the Credit Agreement or the Secured Parties on behalf of which such notice was given are no longer the Secured Parties. The Collateral Agent may execute any of the powers granted under this Agreement and perform any duty hereunder either directly or by or through agents or attorneys-in-fact.

Limitations on Responsibility of Collateral Agent. The Collateral Agent shall not be responsible in any manner whatsoever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security Documentherein, except for those made by it herein. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of any Grantor the Pledgor to the Collateral, as to the security afforded by this Pledge and Security Agreement or any Other the related Security Document Documents or as to the validity, execution, enforceability, legality or sufficiency of this Pledge and Security Agreement or any Other the related Security DocumentDocuments, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens liens upon the Collateral or otherwise for as to the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the The Collateral Agent shall have no duty to the Grantors or to the holders of the Secured Obligations Pledgor as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income Collections thereon or Proceeds thereof or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such of the Collateral as may be in its possession substantially the same care that as it normally accords to its own assets and the duty to account for moneys monies received by itit and, notwithstanding the foregoing, the duty not to engage in wilful misconduct or gross negligence with respect to Collateral in its possession. The Except as expressly set forth herein, the Collateral Agent shall not be required to ascertain or inquire as to the performance by any Guarantor or Grantor the Pledgor of any of the covenants or agreements contained herein or in any other agreementthe related Security Documents. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person in connection with this Pledge and Security Agreement or any Other related Security Document except for such person’s own gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officermisconduct; provided, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken in the absence of any such directions or instructions) shall not constitute gross negligence or wilful misconduct). Neither however, neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by any such person in accordance with any notice given by the Administrative Agent or the Majority Lenders under the Credit Agreement hereunder or under any Other Security Document even if, at the time such action is taken by any such Person, the Administrative Agent or the Lenders which gave the notice to take such action shall no longer be the Administrative Agent or the Majority Lenders under the Credit Agreement or the Secured Parties on behalf of which such notice was given are no longer the Secured PartiesRequired Banks hereunder. The Collateral Agent may execute any of the powers granted under this Pledge and Security Agreement or any of the related Security Documents and perform any duty hereunder or thereunder either directly or by or through agents or attorneys-in-fact, and shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it without gross negligence or wilful misconduct.

Limitations on Responsibility of Collateral Agent. (a) The Collateral Agent shall not be responsible in any manner whatsoever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security Document, except for those made by it herein. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of the Company or any Grantor Guarantor to the Collateral, as to the security afforded by this Agreement or any Other Security Document or or, except as set forth in (S)6, as to the validity, execution, enforceability, legality or sufficiency of this Agreement or any Other Security Document, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens liens upon the Collateral or otherwise for as to the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the The Collateral Agent shall have no duty to the Grantors Company or any Guarantor or to the holders of any of the Secured Obligations as to the care of any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such of the Collateral as may be in its possession substantially the same care that as it normally accords to its own assets and the duty to account for moneys monies received by it. The Collateral Agent's duties and responsibilities shall be determined solely by the provisions of this Agreement and the Security Documents to which it is a party, and the Collateral Agent shall not be liable or responsible for any duties or obligations set forth in any other document to which it is not a party. (b) The Collateral Agent shall not be responsible for any loss suffered with respect to any investment permitted to be made under this Agreement and shall not be responsible for the consequences of any oversight or error of judgment whatsoever, except that the Collateral Agent may be liable for losses due to its willful misconduct, or negligence. The Collateral Agent shall not be required to ascertain or inquire as to the performance by any Guarantor or Grantor the Company of any of the covenants or agreements contained herein or in any other agreement. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person in connection with this Agreement or any Other Security Document except for such person’s own gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken in the absence of any such directions or instructions) shall not constitute gross negligence or wilful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by any such person in accordance with any notice given by the Administrative Agent or the Majority Lenders under the Credit Agreement hereunder or under any Other Security Document even if, at the time such action is taken by any such Person, the Administrative Agent or the Lenders which gave the notice to take such action shall no longer be the Administrative Agent or the Majority Lenders under the Credit Agreement or the Secured Parties on behalf of which such notice was given are no longer the Secured Parties. The Collateral Agent may execute any of the powers granted under this Agreement and perform any duty hereunder either directly or by or through agents or attorneys-in-fact.Credit

Limitations on Responsibility of Collateral Agent. The Collateral Agent shall not be responsible in any manner whatsoever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security Documentother Operative Agreement, except for those expressly made by it herein. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of any Grantor the Grantors to the Collateral, as to the security afforded by this Agreement or any Other Security Document or Document, except as expressly set forth in Section 5.2, as to the validity, execution, enforceability, legality or sufficiency of this Agreement or any Other Security Documentother Operative Agreement, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens liens upon the Collateral or otherwise for as to the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the The Collateral Agent shall have no duty to the Grantors or to the holders of the Secured Obligations Creditors as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such of the Collateral as may be in its possession substantially the same care that as it normally accords to its own assets and the duty to account for moneys monies received by it. The Collateral Agent shall not be required to ascertain or inquire as to the performance by any Guarantor the Borrower or Grantor the other Loan Parties of any of the covenants or agreements contained herein or in any the other agreementOperative Agreements. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person Person in connection with this Agreement or any Other Security Document other Operative Agreement except for its or such person’s Person's own gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken in the absence of any such directions or instructions) shall not constitute gross negligence or wilful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by it or any such person Person in accordance with any notice given by the Administrative Agent or the Majority Lenders under the Credit Agreement Directing Party hereunder or under any Other Security Document entitled to give such notice, even if, at the time such action is taken by it or any such Person, the Administrative Agent or the Lenders Directing Party which gave the notice to take such action shall no longer be the Administrative Agent or the Majority Lenders under the Credit Agreement or the Secured Parties on behalf of which such notice was given are is no longer the Secured PartiesDirecting Party and if the Collateral Agent has not received written notice of such fact. The Collateral Agent may execute any of the powers granted under this Agreement or any of the Security Documents and perform any duty hereunder or thereunder either directly or by or through agents or attorneys-in-fact, and shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it without gross negligence or wilful misconduct.

Limitations on Responsibility of Collateral Agent. (a) The Collateral Agent shall not be responsible in any manner whatsoever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security Document, except for those made by it herein. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of the Company or any Grantor Guarantor to the Collateral, as to the security afforded by this Agreement or any Other Security Document or or, except as set forth in Section 6, as to the validity, execution, enforceability, legality or sufficiency of this Agreement or any Other Security Document, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens liens upon the Collateral or otherwise for as to the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the The Collateral Agent shall have no duty to the Grantors Company or any Guarantor or to the holders of any of the Secured Obligations as to the care of any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such of the Collateral as may be in its possession substantially the same care that as it normally accords to its own assets and the duty to account for moneys monies received by it. The Collateral Agent's duties and responsibilities shall be determined solely by the provisions of this Agreement and the Security Documents to which it is a party, and the Collateral Agent shall not be liable or responsible for any duties or obligations set forth in any other document to which it is not a party. (b) The Collateral Agent shall not be responsible for any loss suffered with respect to any investment permitted to be made under this Agreement and shall not be responsible for the consequences of any oversight or error of judgment whatsoever, except that the Collateral Agent may be liable for losses due to its willful misconduct, gross negligence or breach of its agreement set forth herein. The Collateral Agent shall not be required to ascertain or inquire as to the performance by any Guarantor or Grantor the Company of any of the covenants or agreements contained herein or in any other agreementof the Credit Documents. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person Person in connection with this Agreement or any Other Security Document except for such person’s Person's own gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken in the absence of any such directions or instructions) shall not constitute gross negligence or wilful willful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof officer shall be personally liable for any action taken by any such person Person in accordance with any notice given by the Administrative Agent Requisite Parties or Special Requisite Parties, as the Majority Lenders under case may be, in accordance with and pursuant to the Credit terms of this Agreement hereunder or under any Other Security Document even if, at the time such action is taken by any such Person, the Administrative Agent Requisite Parties or Special Requisite Parties, as the case may be, or Persons purporting to be the Requisite Parties or Special Requisite Parties, as the case may be, are not so authorized by the Requisite Parties or the Lenders which gave Special Requisite Parties, as the notice case may be, to take give such action shall no longer notice, except where a Responsible Officer of the Collateral Agent has actual knowledge that such Requisite Parties or Special Requisite Parties, as the case may be, or Persons purporting to be the Administrative Agent Requisite Parties or Special Requisite Parties, as the Majority Lenders under case may be, are not so authorized by the Credit Agreement Requisite Parties or Special Requisite Parties, as the Secured Parties on behalf of which case may be, to give such notice was given are no longer the Secured Partiesnotice. The Collateral Agent may execute any of the powers granted under this Agreement or any of the Security Documents or the A/R Intercreditor Agreement (or any other intercreditor agreement executed by the Collateral Agent in accordance with the terms of this Agreement) and perform any duty hereunder or thereunder either directly or by or through agents agents, receivers, or attorneys-in-factfact and shall not be responsible for anything done by such agents, receivers or attorneys-in-fact selected by it with due care. (c) Whenever pursuant to the provisions hereof or of any Security Document it is required that any party hereto obtain the consent or approval of the Collateral Agent, or that any matter prove satisfactory to the Collateral Agent, or if the Collateral Agent, in its best judgment, needs clarification or instruction concerning its duties or obligations hereunder, the Collateral Agent, prior to giving any such consent or approval or indicating its satisfaction with any such matter, or performing such duty or obligation, shall (except where the failure to do so, in its good faith judgment, could imperil the Collateral or the Liens thereon) be required to consult with the Secured Parties in a manner deemed reasonable by the Collateral Agent, and the Collateral Agent shall be protected in following any direction of the Requisite Parties or Special Requisite Parties, as the case may be. (d) The foregoing provisions of this Section 5.2 shall not relieve the Collateral Agent of any liability for any failure to perform any contractual duty expressly undertaken by it to be performed under this Agreement if such liability is caused by the gross negligence or willful misconduct of the Collateral Agent.

Limitations on Responsibility of Collateral Agent. The Collateral Agent shall not be responsible in any manner whatsoever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security Document, except for those made by it herein. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of any Grantor the Borrowers to the Collateral, as to the security afforded by this Agreement or any Other Security Document or or, except as set forth in Section 6, as to the validity, execution, enforceability, legality or sufficiency of this Agreement or any Other Security Document, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens liens upon the Collateral or otherwise for as to the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the The Collateral Agent shall have no duty to the Grantors Borrowers or to the holders of any of the Secured Obligations as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such of the Collateral as may be in its possession substantially the same care that as it normally accords to its own assets and the duty to account for moneys monies received by it. The Collateral Agent shall not be responsible for any loss suffered with respect to any investment permitted to be made under this Agreement and shall not be responsible for the consequences of any oversight or error of judgment whatsoever, except that the Collateral Agent may be liable for losses due to its willful misconduct or gross negligence. The Collateral Agent shall not be required to ascertain or inquire as to the performance by any Guarantor or Grantor the Borrowers of any of the covenants or agreements contained herein or in any other agreementof the Credit Documents. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person in connection with this Agreement or any Other Security Document except for such person’s 's own gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken in the absence of any such directions or instructions) shall not constitute gross negligence or wilful willful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by any such person in accordance with any notice given by the Administrative Agent or Requisite Party pursuant to the Majority Lenders under the Credit terms of this Agreement hereunder or under any Other Security Document even if, at the time such action is taken by any such Personperson, the Administrative Agent Requisite Party or the Lenders which gave the notice person purporting to take such action shall no longer be the Administrative Requisite Party is not entitled to give such notice, except where the account officer of the Collateral Agent active upon the Borrowers' account has actual knowledge that such Requisite Party or person purporting to be the Majority Lenders under the Credit Agreement or the Secured Parties on behalf of which Requisite Party is not entitled to give such notice was given are no longer the Secured Partiesnotice. The Collateral Agent may execute any of the powers granted under this Agreement or any of the Security Documents and perform any duty hereunder or thereunder either directly or by or through agents or attorneys-in-fact, and shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it without gross negligence or willful misconduct on the part of the Collateral Agent.

Limitations on Responsibility of Collateral Agent. (a) The Collateral Agent shall not be responsible in any manner whatsoever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security other Operative Document, except for those expressly made by it herein. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of any Grantor the Grantors to the Collateral, as to the security afforded by this Agreement or any Other Intercreditor Security Document or Document, except as expressly set forth in Section 5, as to the validity, execution, enforceability, legality or sufficiency of this Agreement or any Other Security other Operative Document, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens liens upon the Collateral or otherwise for as to the maintenance of the Collateral, except as provided in the Intercreditor Security Documents or the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the The Collateral Agent shall have no duty to the Grantors or to the holders of the Secured Obligations any Creditor as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such of the Collateral the same as may be in its possession at least that level of care that as it normally accords to its own assets and the duty to account for moneys monies received by it. The Collateral Agent shall not be required to ascertain or inquire as to the performance by any Guarantor the Borrower or Grantor the other Grantors of any of the covenants or agreements contained herein or in any the other agreementOperative Documents. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person in connection with this Agreement or any Other Security other Operative Document except for its or such person’s 's own gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken in the absence of any such directions or instructions) shall not constitute gross negligence or wilful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by it or any such person in accordance with any notice given by the Administrative Agent or the Majority Lenders under the Credit Agreement hereunder or under any Other Security Document even if, at the time such action is taken by any such Person, the Administrative Agent or the Lenders which gave the notice to take such action shall no longer be the Administrative Agent or the Majority Lenders under the Credit Agreement or the Secured Parties on behalf of which such notice was given are no longer the Secured Directing Parties. The Collateral Agent may execute any of the powers granted under this Agreement or any of the Intercreditor Security Documents and perform any duty hereunder or thereunder either directly or by or through agents or attorneys-in-fact, and shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with reasonable care and without gross negligence or wilful misconduct.

Limitations on Responsibility of Collateral Agent. The Collateral Agent shall not be responsible in any manner whatsoever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security Document, except for those made by it herein or therein. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of the Company or any Grantor Guaranty Subsidiary to the Collateral, as to the security afforded by this Agreement or any Other Security Document or or, except as set forth in Section 7, as to the validity, execution, enforceability, legality or sufficiency of this Agreement or any Other Security Document, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens liens upon the Collateral or otherwise for as to the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the The Collateral Agent shall have no duty to the Grantors Company or any Guaranty Subsidiary or to the holders of any of the Secured Obligations as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty of an agent to act in good faith, the duty to accord such of the Collateral as may be in its possession substantially the same care that as it normally accords to its own assets and the duty to account for moneys monies received by it. The Collateral Agent shall not be responsible for any loss suffered with respect to any investment permitted to be made under this Agreement and shall not be responsible for the consequences of any oversight or error of judgment whatsoever, except that the Collateral Agent may be liable for losses due to its willful misconduct or gross negligence. The Collateral Agent shall not be required to ascertain or inquire as to the performance by the Company or any Guarantor or Grantor Guaranty Subsidiary of any of the covenants or agreements contained herein or in any other agreementof the Credit Documents. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person Person in connection with this Agreement or any Other Security Document except for such person’s Person's own gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken in the absence of any such directions or instructions) shall not constitute gross negligence or wilful willful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by any such person Person in accordance with any notice given by the Administrative Agent or Required Secured Parties pursuant to the Majority Lenders under the Credit terms of this Agreement hereunder or under any Other Security Document even if, at the time such action is taken by any such Person, the Administrative Agent Required Secured Parties or the Lenders which gave the notice Persons purporting to take such action shall no longer be the Administrative Agent or the Majority Lenders under the Credit Agreement or the Required Secured Parties on behalf are not entitled to give such notice, except where the account officer of which the Collateral Agent active upon the Company's account has actual knowledge that such notice was given Required Secured Parties or Persons purporting to be the Required Secured Parties are no longer the Secured Partiesnot entitled to give such notice. The Collateral Agent may execute any of the powers granted under this Agreement or any of the Security Documents and perform any duty hereunder or thereunder either directly or by or through agents or attorneys-in-fact, and shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it without gross negligence or willful misconduct.

Limitations on Responsibility of Collateral Agent. The Collateral Agent shall not be responsible in any manner whatsoever for the correctness of any recitals, statements, representations or warranties contained herein or in any Other Security other Loan Document, except for those expressly made by it herein. The Collateral Agent makes no representation as to the value or condition of the Collateral or any part thereof, as to the title of any Grantor the Credit Parties under the Loan Documents to the Collateral, as to the security afforded by this Agreement or any Other Security other Loan Document or or, except as expressly set forth in Article VI, as to the validity, execution, enforceability, legality or sufficiency of this Agreement or any Other Security other Loan Document, and the Collateral Agent shall incur no liability or responsibility in respect of any such matters. The Collateral Agent shall not be responsible for insuring the Collateral, for the payment of taxes, charges, assessments or Liens liens upon the Collateral 219 9 or otherwise for as to the maintenance of the Collateral, except as provided in the immediately following sentence when the Collateral Agent has possession or control of the Collateral. Except as otherwise provided herein, the The Collateral Agent shall have no duty to the Grantors or to the holders of the Secured Obligations Parties as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Collateral Agent or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto, except the duty to accord such of the Collateral as may be in its possession substantially the same care that as it normally accords to its own assets and the duty to account for moneys monies received by it. The Collateral Agent shall not be required to ascertain or inquire as to the performance by Holdings, any Guarantor Borrower or Grantor any of the other Credit Parties of any of the covenants or agreements contained herein or in any other agreementthe Loan Documents. Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person Person in connection with this Agreement or any Other Security other Loan Document except for its or such person’s Person's own gross negligence or wilful misconduct (it being understood that any action taken in accordance with the terms of this Agreement or any Other Security Document by the Collateral Agent or any such officer, agent or representative at the direction or instruction of the Administrative Agent or the Majority Lenders under the Credit Agreement (or not taken in the absence of any such directions or instructions) shall not constitute gross negligence or wilful misconduct). Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken by it or any such person Person in accordance with any notice given by or on behalf of the Administrative Agent or the Majority Lenders under the Credit Agreement hereunder or under any Other Security Document Applicable Lenders, even if, at the time such action is taken by it or any such Person, the Administrative Agent or the Lenders which Secured Parties that gave the notice to take such action shall no longer be the Administrative Agent or the Majority Lenders under the Credit Agreement or the Secured Parties on behalf of which such notice was given are no longer the Secured Parties. The Collateral Agent may execute any of the powers granted under this Agreement or any of the other Loan Documents and perform any duty hereunder or thereunder either directly or by or through agents or attorneys-in-fact, and shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with reasonable care and without gross negligence or wilful misconduct.