The Secured Parties. (a) Any Secured Party may assign or otherwise dispose of all or any of its rights under this Security Agreement in accordance with the terms of the Second Lien Note Documents to which it is a party and may disclose any information in its possession relating to a Chargor to any actual or prospective assignee, transferee or participant if so permitted by the terms of the Second Lien Note Documents.
The Secured Parties hereby acknowledge (i) the legal separateness of US Holdings, the Borrower and the Subsidiaries of the Borrower from the Oncor Subsidiaries, (ii) that the lenders under the Oncor Credit Facility and the noteholders under the Existing Oncor Notes and under the transition bonds have likely advanced funds thereunder in reliance upon the separateness of the Oncor Subsidiaries from US Holdings, the Borrower and the Subsidiaries of the Borrower, (iii) that the Oncor Subsidiaries have assets and liabilities that are separate from those of US Holdings, the Borrower and the Subsidiaries of the Borrower, (iv) that the Obligations are obligations and liabilities of the Borrower and the other Credit Parties only, and are not the obligations or liabilities of any of the Oncor Subsidiaries, (v) that the Secured Parties shall look solely to the Borrower and the Guarantors and such Persons’ assets, and not to any assets, or to the pledge of any assets, owned by any of the Oncor Subsidiaries, for the repayment of any amounts payable pursuant to this Agreement and for satisfaction of any other Obligations and (vi) that none of the Oncor Subsidiaries shall be personally liable to the Secured Parties for any amounts payable, or any other Obligation, under the Credit Documents.
The Secured Parties. No Secured Party may assign or otherwise dispose of all or any of its rights under this Deed in accordance with the terms of this Deed to which it is a party, other than, in the case of the Chargee, to a person who is a permitted assignee of the Chargee in respect of the Class A Preferred Shares held by it.
The Secured Parties. (as defined in the Conditional Assignment of Receivables defined below) acting through the Collateral Agent.
The Secured Parties the Security Agent and the Grantor hereby irrevocably consent to the exclusive jurisdiction of the courts of the State of New York and of the United States District Court located in New York County in any action against it in connection with this Security Agreement and the Grantor and Secured Parties hereby waive any right to a trial by jury in an action or proceeding arising out of our relating to this Security Agreement.
The Secured Parties. (a) This Agreement is given to the Secured Parties to induce it to close and consummate the extension of credit evidenced by the Debentures, and with full knowledge that the Secured Parties have and shall continue to rely upon the representations, covenants and provisions set forth herein in making any additional advances under the Debentures and in extending any additional credit to the Debtor.
The Secured Parties
