No Duty on Collateral Agent’s Part. The powers conferred on the Collateral Agent hereunder are solely to protect the interests of the Secured Parties in the Pledged Assets and shall not impose any duty upon the Collateral Agent to exercise or on the Secured Parties to cause the Collateral Agent to exercise any such powers.
Appears in 4 contracts
Samples: Accounts Pledge Agreement (RenPac Holdings Inc.), Pledge Agreement (RenPac Holdings Inc.), Accounts Pledge Agreement (RenPac Holdings Inc.)
No Duty on Collateral Agent’s Part. The powers conferred on the Collateral Agent hereunder are solely to protect the interests of the Secured Parties in the Pledged Assets Quotas and shall not impose any duty upon the Collateral Agent to exercise or on the Secured Parties to cause the Collateral Agent to exercise any such powers.
Appears in 3 contracts
Samples: Quota Pledge Agreement (RenPac Holdings Inc.), Quota Pledge Agreement (RenPac Holdings Inc.), Quota Pledge Agreement (RenPac Holdings Inc.)
No Duty on Collateral Agent’s Part. The powers conferred ---------------------------------- on the Collateral Agent hereunder are solely to protect the Collateral Agent's interests of the Secured Parties in the Pledged Assets Collateral and shall not impose any duty upon the Collateral Agent to exercise or on the Secured Parties to cause the Collateral Agent it to exercise any such powers. Collateral Agent shall be accountable only for amounts that it actually receives as a result of the exercise of such powers.
Appears in 1 contract
No Duty on Collateral Agent’s Part. The powers conferred on the Collateral Agent hereunder are solely to protect the interests of the Secured Parties Parties’ in the Pledged Assets and shall not impose any duty upon the Collateral Agent to exercise or on the Secured Parties to cause the Collateral Agent to exercise any such powers.
Appears in 1 contract
