No Collection Obligations. Securities Intermediary shall be under no obligation to take action to collect any amount payable on Collateral in default, or if payment is refused after due demand and presentment.
Appears in 14 contracts
Samples: Collateral Account Control Agreement, Security Agreement, Collateral Account Control Agreement (Guggenheim Taxable Municipal Managed Duration Trust)
No Collection Obligations. Securities Intermediary shall be under no obligation to take action to collect any amount payable on Collateral in default, or default if payment is refused after due demand and presentment.
Appears in 3 contracts
Samples: Pledge Agreement (Golar LNG LTD), Credit Agreement (Crosstex Energy Inc), Collateral Account Control Agreement (Sina Corp)
No Collection Obligations. The Securities Intermediary shall be under no obligation to take action to collect any amount payable on Account Collateral in default, or if payment is refused after due demand and presentment.
Appears in 3 contracts
Samples: Security Agreement (American Airlines Inc), Aircraft Security Agreement (American Airlines Inc), Aircraft Security Agreement (American Airlines Inc)
No Collection Obligations. Securities Intermediary shall be under no obligation to take action to collect any amount payable on Indemnification Collateral in default, or if payment is refused after due demand and presentment.
Appears in 2 contracts
Samples: Pledge Agreement (American International Group Inc), Pledge Agreement (Metlife Inc)
No Collection Obligations. Securities Intermediary shall be under no obligation to take action to collect any amount payable on Collateral in default, except with respect to payments actually made or if payment is refused after due demand and presentment.
Appears in 1 contract
