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 Collateral 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 Instructing Debtholders. (b) No Secured Debt Representative, Secured Debtholder or other holder of Secured Obligations will have any liability whatsoever for any act or omission of the Collateral Agent, subject to Section 9.12.

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 Collateral 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 Instructing DebtholdersSecured Parties or the Requisite Secured Parties, as applicable. (b) No Secured Debt Representative, Secured Debtholder or other holder of Secured Obligations Party will have any liability whatsoever for any act or omission of the Collateral Agent, subject to Section 9.129.10.

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 Collateral 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 Instructing DebtholdersSecured Parties or the Requisite Secured Parties, as applicable. (b) No Secured Debt Representative, Secured Debtholder or other holder of Secured Obligations Party will have any liability whatsoever for any act or omission of the Collateral Agent, subject to Section 9.129.10.