The Trust Collateral Agent Sample Clauses

The Trust Collateral Agent. 82 SECTION 9.01. Duties of the Trust Collateral Agent................... 82 SECTION 9.02. Rights of the Trust Collateral Agent................... 83 SECTION 9.03. Individual Rights of Trust Collateral Agent............ 85 SECTION 9.04. Reports by Trust Collateral Agent to Holders........... 85
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The Trust Collateral Agent. 89 Section 9.01. Duties of the Trust Collateral Agent........................................... 89 Section 9.02. Rights of the Trust Collateral Agent............................................ 91 Section 9.03. Individual Rights of Trust Collateral Agent................................ 94 Section 9.04. Reports by Trust Collateral Agent to Holders............................. 94 Section 9.05. Compensation.............................................................................. 94 Section 9.06. Eligibility..................................................................................... 95 Section 9.07. Trust Collateral Agent’s Disclaimer............................................ 95 Section 9.08. Limitation on Liability................................................................. 95 -ii- TABLE OF CONTENTS (continued) Page Section 9.09. Reliance Upon Documents.......................................................... 96 Section 9.10. Successor Trust Collateral Agent................................................ 96 Section 9.11. Representations and Warranties of the Trust Collateral Agent... 99
Sample 1
The Trust Collateral Agent 
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Related to The Trust Collateral Agent

  • Collateral Agent (a) The Trustee and each of the Holders by acceptance of the Notes hereby designates and appoints the Collateral Agent as its agent under this Indenture, the Collateral Documents and the Intercreditor Agreements and the Trustee and each of the Holders by acceptance of the Notes hereby irrevocably authorizes the Collateral Agent to take such action on its behalf under the provisions of this Indenture, the Collateral Documents and the Intercreditor Agreements and to exercise such powers and perform such duties as are expressly delegated to the Collateral Agent by the terms of this Indenture, the Collateral Documents and the Intercreditor Agreements, and consents and agrees to the terms of the Intercreditor Agreements and each Collateral Document, as the same may be in effect or may be amended, restated, supplemented or otherwise modified from time to time in accordance with their respective terms. The Collateral Agent agrees to act as such on the express conditions contained in this Section 12.9. The provisions of this Section 12.9 are solely for the benefit of the Collateral Agent and none of the Trustee, any of the Holders nor any of the Grantors shall have any rights as a third party beneficiary of any of the provisions contained herein other than as expressly provided in Section 12.4. Each Holder agrees that any action taken by the Collateral Agent in accordance with the provision of this Indenture, the Intercreditor Agreements and the Collateral Documents, and the exercise by the Collateral Agent of any rights or remedies set forth herein and therein shall be authorized and binding upon all Holders. Notwithstanding any provision to the contrary contained elsewhere in this Indenture, the Collateral Documents and the Intercreditor Agreements, the duties of the Collateral Agent shall be ministerial and administrative in nature, and the Collateral Agent shall not have any duties or responsibilities, except those expressly set forth herein and in the other Notes Documents to which the Collateral Agent is a party, nor shall the Collateral Agent have or be deemed to have any trust or other fiduciary relationship with the Trustee, any Holder or any Grantor, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Indenture, the Collateral Documents and the Intercreditor Agreements or otherwise exist against the Collateral Agent. Without limiting the generality of the foregoing sentence, the use of the term “agent” in this Indenture with reference to the Collateral Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties.

  • The Collateral Agent The 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 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 and in Section 12 of the Credit Agreement. The Collateral Agent shall act hereunder and thereunder on the terms and conditions set forth herein and in Section 12 of the Credit Agreement.

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