Common use of Second Lien Collateral Agent Clause in Contracts

Second Lien Collateral Agent. (a) Notwithstanding anything to the contrary in this Agreement, the Intercreditor Agreement or the Parity Lien Documents, the parties hereto agree as follows: (1) any reference to "Second Lien Collateral Agent" in the Intercreditor Agreement shall refer to the Collateral Trustee; (2) the Collateral Trustee, as "Second Lien Collateral Agent", will not be required to take any action under the Intercreditor Agreement unless and until an Act of Parity Lien Debtholders directs the Collateral Trustee in writing, as "Second Lien Collateral Agent", to take such action; and (3) in no event shall the Collateral Trustee, as "Second Lien Collateral Agent", be required to take any action in connection with the purchase or sale of Parity Lien Obligations under Section 3.06 of the Intercreditor Agreement. (b) The parties hereto agree that this Section shall not be deemed to be in conflict or inconsistent with the Intercreditor Agreement pursuant to Section 9.11 of the Intercreditor Agreement.

Second Lien Collateral Agent. (a) Notwithstanding anything to the contrary in this Agreement, the Intercreditor Agreement or the Parity Lien Documents, the parties hereto agree as follows: (1) any reference to "“Second Lien Collateral Agent" ” in the Intercreditor Agreement shall refer to the Collateral Trustee; (2) the Collateral Trustee, as "“Second Lien Collateral Agent"”, will not be required to take any action under the Intercreditor Agreement unless and until an Act of Parity Lien Debtholders directs the Collateral Trustee in writing, as "“Second Lien Collateral Agent"”, to take such action; and (3) in no event shall the Collateral Trustee, as "“Second Lien Collateral Agent"”, be required to take any action in connection with the purchase or sale of Parity Lien Obligations under Section 3.06 [ 🌑 ] of the Intercreditor Agreement. (b) The parties hereto agree that this Section shall not be deemed to be in conflict or inconsistent with the Intercreditor Agreement pursuant to Section 9.11 [ 🌑 ] of the Intercreditor Agreement.