Relationship with Collateral Agent Sample Clauses
The 'Relationship with Collateral Agent' clause defines the legal and operational connection between the parties to an agreement and the collateral agent appointed to manage secured assets. It typically outlines the collateral agent's authority to act on behalf of all secured parties, including holding, enforcing, or releasing collateral, and clarifies the agent's duties and limitations. This clause ensures that there is a single point of contact for managing collateral, streamlining enforcement actions and reducing the risk of conflicting instructions from multiple secured parties.
Relationship with Collateral Agent. To the fullest extent allowed by law, any right, power or discretion conferred by this Deed (either expressly or impliedly) or by law on a Receiver may after this Security becomes enforceable be exercised by the Collateral Agent in relation to any Security Asset without first appointing a Receiver or notwithstanding the appointment of a Receiver.
Relationship with Collateral Agent. To the fullest extent permitted by law, any right, power or discretion conferred by this Deed (either expressly or impliedly) upon a Receiver of the Assigned Property may, after the Assignment Security has become enforceable, be exercised by the Collateral Agent in relation to any of the Assigned Property without first appointing a Receiver or notwithstanding the appointment of a Receiver.