Common use of Powers of the Collateral Agent Clause in Contracts

Powers of the Collateral Agent. (a) The Collateral Agent is irrevocably authorized and empowered to enter into and perform its obligations and protect, perfect, exercise and enforce its interest, rights, powers and remedies under the Credit Agreement Security Documents and applicable law and in equity and to act as set forth in this Article 3 or as requested in any lawful directions given to it from time to time in respect of any matter by an Act of Specified Lenders. (b) No Credit Agreement Representative or holder of Pari Passu Guaranteed Obligations will have any liability whatsoever for any act or omission of the Collateral Agent.

Powers of the Collateral Agent. (a) The Collateral Agent is irrevocably authorized and empowered to enter into and perform its obligations and protect, perfect, exercise and enforce its interest, rights, powers and remedies under the Credit Agreement Security Documents Operative Agreements and applicable law and in equity and to act as set forth in this Article 3 III or as requested in any lawful directions given to it from time to time in respect of any matter by an Act of Specified Lendersa Securityholder Instruction. (b) No Credit Agreement Representative or holder of Pari Passu Guaranteed Obligations Securityholder will have any liability whatsoever for any act or omission of the Collateral Agent.

Powers of the Collateral Agent. (a) The Collateral Agent is irrevocably authorized and empowered to enter into and perform its obligations and protect, perfect, exercise and enforce its interest, rights, powers and remedies under the Credit Agreement Security Documents and applicable law and in equity and to act as expressly set forth in this Article 3 or as requested in any lawful directions given to it from time to time in respect of any matter by an Act of Specified LendersRequired Secured Debtholders. (b) No Credit Agreement Secured Representative or holder of Pari Passu Guaranteed Secured Obligations will have any liability whatsoever for any act or omission of the Collateral Agent.

Powers of the Collateral Agent. (a) The Collateral Agent is irrevocably authorized and empowered to enter into and perform its obligations and protect, perfect, exercise and enforce its interest, rights, powers and remedies under the Credit Agreement Security Documents and applicable law and in equity and to act as set forth in this Article 3 2 or as requested in any lawful directions given to it from time to time in respect of any matter by an Act of Specified Lendersthe Required Parity Lien Debtholders. (b) No Credit Agreement Parity Lien Representative or holder of Pari Passu Guaranteed Parity Lien Obligations will have any liability whatsoever for any act or omission of the Collateral Agent.

Powers of the Collateral Agent. (a) The Collateral Agent is irrevocably authorized and empowered to enter into and perform its obligations under, and to protect, perfect, exercise and enforce its interest, rights, powers and remedies under under, the Credit Agreement Security Documents and applicable law and in equity and to act as expressly set forth in this Article Section 3 or as requested in any lawful directions given to it in writing from time to time in respect of any matter by an Act of Specified Lendersthe Controlling Secured Representative. (b) No Credit Agreement Secured Representative or holder of Pari Passu Guaranteed Secured Obligations will have any liability whatsoever for any act or omission of the Collateral Agent.

Powers of the Collateral Agent. (a) The Collateral Agent is irrevocably authorized and empowered to enter into and perform its obligations and protect, perfect, exercise and enforce its interest, rights, powers and remedies under the Credit Agreement Note Lien Security Documents and applicable law and in equity and to act as set forth in this Article 3 2 or as requested in any lawful directions given to it from time to time in respect of any matter by an Act of Specified Lendersthe Required Note Lien Debtholders. (b) No Credit Agreement Note Lien Representative or holder of Pari Passu Guaranteed Note Lien Obligations will have any liability whatsoever for any act or omission of the Collateral Agent.