Specified Hedge Obligations and Related Hedge Agreements. No Hedge Agreement obligations which constitute Specified Hedge Obligations will create (or be deemed to create) in favor of any Hedge Counterparty that is a party thereto any rights in connection with the management or release of any Collateral or of the obligations of any Subsidiary Guarantor under the Credit Documents except as expressly provided in Section 10.5(c)(v) of this Agreement and Section 8.2 of the Pledge and Security Agreement. By accepting the benefits of the Collateral, each Hedge Counterparty shall be deemed to have appointed the Collateral Agent as its agent and agreed to the provisions of the Credit Documents relating to its rights as a Secured Party (including any exculpatory provisions for the benefit of the Agents), subject to the limitations set forth in this Section 9.8(c).
Appears in 2 contracts
Samples: Credit and Guarantee Agreement (Telx Group, Inc.), Credit and Guarantee Agreement (Telx Group, Inc.)
Specified Hedge Obligations and Related Hedge Agreements. No obligations under any Hedge Agreement obligations which that constitute Specified Hedge Obligations will create (or be deemed to create) in favor of any Hedge Counterparty Secured Party that is a party thereto any rights in connection with the management or release of any Collateral or of the obligations of any Subsidiary Guarantor under the Credit Documents except as expressly provided in Section 10.5(c)(v10.5(c)(iv) of this Agreement and Section 8.2 [8.2] of the Pledge and Security Agreement. By accepting the benefits of the Collateral, each Hedge Counterparty shall be deemed to have appointed the Collateral Agent as its agent and agreed to the provisions of be bound by the Credit Documents relating to its rights as a Secured Party (including any exculpatory provisions for the benefit of the Agents)Party, subject to the limitations set forth in this Section 9.8(c), and shall be deemed to have acknowledged and consented to the provisions of Section 9.10.
Appears in 1 contract
Specified Hedge Obligations and Related Hedge Agreements. No Hedge Agreement obligations which that constitute Specified Hedge Obligations will create (or be deemed to create) in favor of any Hedge Counterparty Secured Party that is a party thereto any rights in connection with the management or release of any Collateral or of the obligations of any Guarantor Subsidiary Guarantor under the Credit Documents except as expressly provided in Section 10.5(c)(v10.5(c)(iii) of this Agreement and Section 8.2 of the Pledge and Security Agreement. By accepting the benefits of the Collateral, each Hedge Counterparty shall be deemed to have appointed the Collateral Agent as its agent and agreed to the provisions of be bound by the Credit Documents relating to its rights as a Secured Party (including any exculpatory provisions for the benefit of the Agents)Party, subject to the limitations set forth in this Section 9.8(c).
Appears in 1 contract
Samples: Credit and Guarantee Agreement (AutoTrader Group, Inc.)
Specified Hedge Obligations and Related Hedge Agreements. No obligations under any Hedge Agreement obligations which that constitute Specified Hedge Obligations will create (or be deemed to create) in favor of any Hedge Counterparty Secured Party that is a party thereto any rights in connection with the management or release of any Collateral or of the obligations of any Subsidiary Guarantor under the Credit Documents except as expressly provided in Section 10.5(c)(v10.5(c)(iv) of this Agreement and Section 8.2 of the Pledge and Security Agreement. By accepting the benefits of the Collateral, each Hedge Counterparty shall be deemed to have appointed the Collateral Agent as its agent and agreed to the provisions of be bound by the Credit Documents relating to its rights as a Secured Party (including any exculpatory provisions for the benefit of the Agents)Party, subject to the limitations set forth in this Section 9.8(c), and shall be deemed to have acknowledged and consented to the provisions of Section 9.10.
Appears in 1 contract