The First Lien Collateral Agent Sample Clauses
The First Lien Collateral Agent. (i) The First Lien Collateral Agent shall have such rights, powers, authorities and discretions as are (a) conferred on trustees by the Trustee Acts; (b) by way of supplement to the Trustee Acts as provided for in this Indenture and/or the English Security Documents; and (c) any which may be vested in the First Lien Collateral Agent by law or regulation or otherwise.
(ii) Section 1 of the Trustee Act 2000 shall not apply to the duties of the First Lien Collateral Agent in relation to the trusts constituted by this Indenture. Where there are any inconsistencies between the Trustee Acts and the provisions of this Indenture, the provisions of this Indenture shall, to the extent permitted by law, prevail and, in the case of any such inconsistency with the Trustee ▇▇▇ ▇▇▇▇, the provisions of this Indenture shall constitute a restriction or exclusion for the purposes of the Trustee ▇▇▇ ▇▇▇▇.
(iii) All moneys from time to time received or recovered by the First Lien Collateral Agent in respect of the Trust Property and the net proceeds from the realization or enforcement of all or any part of the English Transaction Security shall be held by the First Lien Collateral Agent on trust to apply them at such times as the First Lien Collateral Agent considers appropriate in the order of priority set out in Section 6.10 (subject to the Intercreditor Agreements).
(iv) Nothing in any Note Documents constitutes the First Lien Collateral Agent as an agent, trustee or fiduciary of any Issuer or Guarantor and the First Lien Collateral Agent shall not be bound to account to any First Priority Secured Party for any sum or the profit element of any sum received by it for its own account.
(v) If the First Lien Collateral Agent were to resign or be replaced, its resignation or replacement shall only take effect upon the transfer of the Trust Property to its successor.
The First Lien Collateral Agent. Whenever in the exercise of any remedy available to the Trustee or the exercise of any trust or power conferred on it with respect to the Notes, the Trustee may also direct the First Lien Collateral Agent in the exercise of any of the rights and remedies available to the First Lien Collateral Agent pursuant to the Collateral Documents.
The First Lien Collateral Agent. The First-Lien Collateral Agent will hold in accordance with this Agreement all items of the Collateral at any time received under this Agreement. It is expressly understood and agreed that the obligations of the First-Lien Collateral Agent as holder of the Collateral and interests therein and with respect to the disposition thereof, and otherwise under this Agreement, are only those expressly set forth in this Agreement. The First-Lien Collateral Agent shall act hereunder on the terms and conditions set forth in Section 12 of the Credit Agreement.
The First Lien Collateral Agent. Each party hereto hereby acknowledges and agrees that the First Lien Collateral Agent is entering into this Agreement solely in its capacity as First Lien Collateral Agent under the First Lien Security Documents and not in its individual capacity. The First Lien Collateral Agent shall not be deemed to owe any fiduciary duty to the Trustee, the Second Lien Collateral Agent and the holders of the Notes. The First Lien Collateral Agent undertakes to perform and observe only such covenants and obligations as are specifically set forth in herein, and no implied covenants or obligations shall be read into this Agreement against the First Lien Collateral Agent.
The First Lien Collateral Agent