Common use of Rights of Collateral Agent Clause in Contracts

Rights of Collateral Agent. (a) The Collateral Agent may execute and effect any of its duties under the Security Documents by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties.

Appears in 4 contracts

Samples: Collateral Agency Agreement (Northeast Utilities System), Collateral Agency Agreement (Northeast Utilities System), Collateral Agency Agreement (North Atlantic Energy Corp /Nh)

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Rights of Collateral Agent. (a) The Collateral Agent may execute and effect any of its duties under the Security Documents or this Agreement by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties.

Appears in 3 contracts

Samples: Collateral Agency Agreement (PPL Electric Utilities Corp), Collateral Agency and Intercreditor Agreement (Aes Ironwood LLC), Collateral Agency and Intercreditor Agreement (Aes Red Oak LLC)

Rights of Collateral Agent. (a) The Collateral Agent may execute and effect delegate any of its responsibilities or duties under this Agreement or the Security Transaction Documents by to one or through more agents or attorneys-in-fact attorneys and the Collateral Agent shall not be entitled to advice responsible for any misconduct or negligence on the part of counsel concerning all matters pertaining to such dutiesany agent or attorney appointed with due care by it hereunder.

Appears in 2 contracts

Samples: Security Agreement (BioPharmX Corp), Security Agreement (Opexa Therapeutics, Inc.)

Rights of Collateral Agent. (a) The Collateral Agent may execute and effect any of its duties under the Security Documents this Agreement by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Collateral Agent shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with reasonable care.

Appears in 2 contracts

Samples: Assignment and Security Agreement (Electronic Retailing Systems International Inc), Intercreditor and Collateral Agency Agreement (Alleghany Corp /De)

Rights of Collateral Agent. (a) The Collateral Agent may execute and effect any of its the trusts or powers hereunder or perform any duties under the Security Documents hereunder either directly or by or through agents agents, attorneys, custodians or attorneys-in-fact nominees appointed with due care and shall not be responsible for the acts or omissions of any agent, attorney, custodian or nominee so appointed. The Collateral Agent shall be entitled to seek the advice of its independent counsel concerning all matters pertaining to this Agreement and shall not be liable for any action or inaction based in good faith on such dutiesadvice.

Appears in 1 contract

Samples: Loan and Security Agreement (Sinclair Broadcast Group Inc)

Rights of Collateral Agent. (a) The Collateral Agent may execute and effect any of its duties under the Security Documents and the other Transaction Documents to which it is a party by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties.

Appears in 1 contract

Samples: Collateral Agency Agreement (Panda Interfunding Corp)

Rights of Collateral Agent. (a) The Collateral Agent may execute and effect any of its duties under the Security Documents or this Agreement by or through agents or attorneys-in-fact and shall be entitled to advice of counsel counsel, accountants and experts concerning all matters pertaining to such dutiesduties and it shall not be liable for any action taken or omitted to be taken by it in good faith in accordance with the advice of such counsel, accountants or experts.

Appears in 1 contract

Samples: Collateral Agency and Intercreditor Agreement (Panda Interfunding Corp)

Rights of Collateral Agent. (a) The Collateral Agent may execute and effect any of its duties under this Agreement or any other Finance Document to which the Security Documents Collateral Agent is a party by or through agents agents, custodians, nominees or attorneys-in-fact fact. The Collateral Agent may consult with counsel and the advice or any opinion of counsel shall be entitled to full and complete authorization and protection in respect of any action taken or omitted by it hereunder in good faith and in accordance with such advice or opinion of counsel concerning all matters pertaining to such dutiescounsel.

Appears in 1 contract

Samples: Collateral Agency and Intercreditor Agreement (Louisiana Generating LLC)

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Rights of Collateral Agent. (a) The Collateral Agent may execute and effect delegate any of its responsibilities or duties under the Security Transaction Documents to one or more agents and the Collateral Agent shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such dutiesit hereunder.

Appears in 1 contract

Samples: Credit Agreement (Atlantic Power Corp)

Rights of Collateral Agent. (a) The Collateral Agent may execute and effect any of its duties under the Security Documents this Agreement or any other Collateral Document by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties.

Appears in 1 contract

Samples: Security Agreement (Alexander & Baldwin Inc)

Rights of Collateral Agent. (a) The Collateral Agent may execute and effect any of its duties under the Security Documents this Agreement by or through agents or attorneys-in-fact and fact, provided that the Collateral Agent shall be entitled to advice liable for any willful misconduct or gross negligence on the part of counsel concerning all matters pertaining to any such dutiesagents or attorneys-in-fact (other than any such agents or attorneys-in-fact retained by the Collateral Agent at the direction of, or with the prior approval of, the Required Holders).

Appears in 1 contract

Samples: Account and Security Agreement (Igen International Inc /De)

Rights of Collateral Agent. (a) The Collateral Agent may execute and effect any of its duties under the this Agreement or any other Security Documents Document by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties.

Appears in 1 contract

Samples: Collateral Agency and Intercreditor Agreement (Ce Generation LLC)

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