Common use of Actions by the Collateral Agent Clause in Contracts

Actions by the Collateral Agent. The Collateral Agent shall not take any action under this Agreement or the other Credit Documents, including the enforcement or exercise of any remedies in respect of the Obligations, and shall not be obligated to take any such action, except to the extent expressly specified in a written notice received by the Collateral Agent signed by the Required Holders (or, pursuant to Sections 11.2 or 11.5 only, signed by the Demand Holders); PROVIDED, HOWEVER, that the Collateral Agent may execute releases and other collateral termination documents with respect to assets disposed of by the Obligors as permitted by Section 10. All actions taken by the Collateral Agent in accordance with this Section 12.2 shall be binding upon all Holders; PROVIDED, HOWEVER, that the foregoing shall not be deemed a waiver of any Holder's rights against any other party hereto with respect to the taking of such action.

Actions by the Collateral Agent. The Collateral Agent shall not take any action under this Agreement or the other Credit Documents, including the enforcement or exercise of any remedies in respect of the Obligations, and shall not be obligated to take any such action, except to the extent expressly specified in a written notice received by the Collateral Agent signed by the Required Holders (or, pursuant to Sections 11.2 10.2 or 11.5 10.5 only, signed by the Demand Holders); PROVIDED, HOWEVER, that the Collateral Agent may execute releases and other collateral termination documents with respect to assets disposed of by the Obligors as permitted by Section 109. All actions taken by the Collateral Agent in accordance with this Section 12.2 11.2 shall be binding upon all Holders; PROVIDED, HOWEVER, that the foregoing shall not be deemed a waiver of any Holder's rights against any other party hereto with respect to the taking of such action.

Actions by the Collateral Agent. The Except as expressly specified in this Agreement, the Collateral Agent shall not take any action under this Agreement or the other Credit DocumentsAgreement, including in connection with the Collateral and the enforcement or exercise of any remedies in respect of the Secured Obligations, and shall not be obligated to take any such action, except to the extent expressly specified in a written notice received by the Collateral Agent signed by other Secured Parties holding not less than a majority of the Required Holders (oroutstanding amount of the Secured Obligations; provided, pursuant to Sections 11.2 or 11.5 only, signed by the Demand Holders); PROVIDED, HOWEVERhowever, that the Collateral Agent may execute releases and other collateral termination documents with respect to assets disposed of by the Obligors Pledgors as permitted by Section 1026 of this Agreement. All actions taken by the Collateral Agent in accordance with this Section 12.2 29 shall be binding upon all HoldersSecured Parties; PROVIDEDprovided, HOWEVERhowever, that the foregoing shall not be deemed a waiver of any Holder's Secured Party’s rights against any other party hereto with respect to the taking of such action.