No Collection Obligations. Securities Intermediary and Pledge Collateral Agent 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 5 contracts
Samples: Indemnification Collateral Account Security and Control Agreement (Metlife Inc), Coordination Agreement (American International Group Inc), Master Transaction Agreement (American International Group Inc)
