Common use of THE PLEDGEE AS AGENT Clause in Contracts

THE PLEDGEE AS AGENT. The Pledgee will hold in accordance with this Agreement and the other Security Documents all items of the Collateral at any time received under this Agreement or the other Security Documents. It is expressly understood and agreed by each Secured Creditor that by accepting the benefits of this Agreement and the other Security Documents each such Secured Creditor acknowledges and agrees that the obligations of the Pledgee as holder of the Collateral and interests therein and with respect to the disposition thereof, and otherwise under this Agreement and the other Security Documents, are only those expressly set forth in this Agreement and the other Security Documents, and in Sections 4.05 and 10 of the Credit Agreement. The Pledgee shall act hereunder on the terms and conditions set forth herein and in Sections 4.05 and 10 of the Credit Agreement.

THE PLEDGEE AS AGENT. The Pledgee will hold in accordance with this Agreement and the other Security Documents all items of the Collateral (as defined in the Credit Agreement) at any time received under this Agreement or the other Security Documents. It is expressly understood and agreed by each Secured Creditor Party that by accepting the benefits of this Agreement and the other Security Documents each such Secured Creditor Party acknowledges and agrees that the obligations of the Pledgee as holder of the Collateral (as defined in the Credit Agreement) and interests therein and with respect to the disposition thereof, and otherwise under this Agreement and the other Security Documents, are only those expressly set forth in this Agreement and Agreement, the other Security Documents, Documents and in Sections 4.05 9.01 and 10 of the Credit Agreement. The Pledgee shall act hereunder on the terms and conditions set forth herein and in Sections 4.05 9.01 and 10 of the Credit Agreement.

THE PLEDGEE AS AGENT. The Pledgee will hold in accordance with this Agreement and the other Security Documents all items of the Collateral (as defined in the Credit Agreement) at any time received under this Agreement or the other Security Documents. It is expressly understood and agreed by each Secured Creditor that by accepting the benefits of this Agreement and the other Security Documents each such Secured Creditor acknowledges and agrees that the obligations of the Pledgee as holder of the Collateral (as defined in the Credit Agreement) and interests therein and with respect to the disposition thereof, and otherwise under this Agreement and the other Security Documents, are only those expressly set forth in this Agreement and Agreement, the other Security Documents, Documents and in Sections 4.05 and 10 of the Credit Agreement. The Pledgee shall act hereunder on the terms and conditions set forth herein and in Sections 4.05 and 10 of the Credit Agreement.