Common use of Acceptance by the Collateral Agent Clause in Contracts

Acceptance by the Collateral Agent. By its acceptance of the benefits hereof, the Collateral Agent and the Second-Out Secured Parties shall be deemed to have agreed to be bound hereby and to perform any obligation on their part set forth herein.

Appears in 2 contracts

Sources: Credit Agreement (California Resources Corp), Credit Agreement (California Resources Corp)

Acceptance by the Collateral Agent. By its acceptance of the benefits hereof, the Collateral Agent and the Second-Out Secured Parties shall be deemed to have agreed to be bound hereby and to perform any obligation on their part set forth herein.

Appears in 1 contract

Sources: Credit Agreement (California Resources Corp)