No Implied Duty. The Collateral Agent will not have any fiduciary duties nor will it have responsibilities or obligations other than those expressly assumed by it in this Agreement and the other Security Documents. The Collateral Agent will not be required to take any action that is contrary to applicable law or any provision of this Agreement or the other Security Documents.
Appears in 7 contracts
Samples: Intercreditor Agreement, Intercreditor Agreement (Constellium N.V.), Intercreditor Agreement (Alion Science & Technology Corp)
No Implied Duty. The Collateral Agent will not have any fiduciary duties nor will it have duties, responsibilities or obligations other than those expressly assumed by it in this Agreement and the other Credit Agreement Security Documents. The Collateral Agent will not be required to take or omit to take any action that is contrary to applicable law or any provision of this Agreement or the other Credit Agreement Security Documents.
Appears in 2 contracts
Samples: Signature (Diversified Healthcare Trust), Term Loan Agreement (Diversified Healthcare Trust)
No Implied Duty. The Notwithstanding anything to the contrary contained herein, the Collateral Agent will not have any fiduciary duties nor will it have responsibilities any implied responsibilities, covenants or obligations other than those and shall only be required to perform such obligations as are expressly assumed by it stated in this Agreement and the other Security DocumentsDocuments to which it is a party. The Collateral Agent will not be required to take any action that is contrary to applicable law or any provision of this Agreement or the other Security Documents.
Appears in 2 contracts
Samples: Collateral Trust and Intercreditor Agreement, Collateral Trust and Intercreditor Agreement (Northern Tier Retail LLC)
No Implied Duty. The Collateral Agent will not have any fiduciary duties nor will it have responsibilities or obligations other than those expressly assumed by it in this Agreement and the other Security DocumentsOperative Agreements. The Collateral Agent will not be required to take any action that is contrary to applicable law or any provision of this Agreement or the other Security DocumentsOperative Agreements.
Appears in 2 contracts
Samples: Security and Collateral Agency Agreement, The Lease Agreement (Expressjet Holdings Inc)
No Implied Duty. The Collateral Agent will not have any fiduciary duties nor will it have responsibilities or obligations other than those expressly assumed by it in this Agreement and the other Security Transaction Documents. The Collateral Agent will not be required to take any action that is contrary to applicable law or any provision of this Agreement or the other Security Transaction Documents.
Appears in 2 contracts
Samples: Collateral Agency and Security Agreement (Firepond, Inc.), Security Agreement (Firepond, Inc.)
No Implied Duty. The Collateral Agent will not have any fiduciary duties nor will it have responsibilities or obligations other than those expressly assumed by it in this Agreement and the other Note Lien Security Documents. The Collateral Agent will not be required to take any action that is contrary to applicable law or any provision of this Agreement or the other Note Lien Security Documents.
Appears in 1 contract
No Implied Duty. The Collateral Agent will not have any fiduciary duties nor will it have responsibilities or obligations other than those expressly assumed or taken by it in this Agreement and the other Security Documents. The Collateral Agent will not be required to take any action that is contrary to applicable law or any provision of this Agreement or the other Security Documents.
Appears in 1 contract
No Implied Duty. The Collateral Agent will not have any fiduciary duties nor will it have responsibilities or obligations other than those expressly assumed by it in this Agreement and the other Security Collateral Documents. The Collateral Agent will not be required to take any action that is contrary to applicable law or any provision of this Agreement or the other Security Collateral Documents. The Collateral Agent shall have no duty to monitor compliance by the Company or the other Obligors with its duties and obligations under this Agreement or the other Collateral Documents, except to the extent expressly provided herein or therein.
Appears in 1 contract
No Implied Duty. The Collateral Agent will not have any fiduciary duties nor will it have responsibilities or obligations other than those expressly assumed by it in this Agreement and the other Security Collateral Documents. The Collateral Agent will not be required to take any action that is contrary to applicable law or any provision of this Agreement or the other Security Collateral Documents. The Collateral Agent shall have no duty to monitor compliance by the Borrower or the other Obligors with its duties and obligations under this Agreement or the other Collateral Documents, except to the extent expressly provided herein or therein.
Appears in 1 contract
No Implied Duty. The Collateral Agent will not have any fiduciary duties nor will it have responsibilities or obligations other than those expressly assumed or taken by it in this Agreement and the other Security Documents and Loan Documents. The Collateral Agent will not be required to take any action that is contrary to applicable law Applicable Law or any provision of this Agreement or the other Security Documents or Loan Documents.
Appears in 1 contract
Samples: Pledge and Security Agreement (Communication Intelligence Corp)
