Common use of Administration of the Collateral Clause in Contracts

Administration of the Collateral. The Collateral Agent shall hold the Senior Collateral and any Lien thereon for the benefit of the Senior Secured Parties pursuant to the terms of this Agreement, the Senior Security Documents and any other Transaction Document to which the Collateral Agent is a party. The Collateral Agent shall administer the Senior Collateral in the manner contemplated by the Senior Security Documents and the other Transaction Documents. The Collateral Agent shall exercise such rights and remedies with respect to the Senior Collateral as are granted to it under the Senior Security Documents, the other Transaction Documents and applicable law and, except as otherwise expressly provided in the Senior Security Documents and such other Transaction Documents, as it shall be directed by the Intercreditor Agent (acting pursuant to the Intercreditor Agreement). No Senior Secured Party or class or classes thereof (other than the Intercreditor Agent (acting pursuant to the Intercreditor Agreement)) shall have any right to direct the Collateral Agent to take any action in respect of the Senior Collateral and no Senior Secured Party shall have any right to take action with respect to the Senior Collateral independently of the Collateral Agent. Unless otherwise directed by the Intercreditor Agent (acting pursuant to the Intercreditor Agreement), the Collateral Agent shall retain possession of, or cause possession thereof to be retained by its designee, (a) all shares pledged to the Collateral Agent (on behalf of the Senior Secured Parties) pursuant to the Funding Corporation Stock Pledge Agreement and the GP Stock Pledge Agreement and (b) all partnership interest certificates pledged to the Collateral Agent (on behalf of the Senior Secured Parties) pursuant to the LP Interests Pledge Agreement and the GP Interests Pledge Agreement.

Administration of the Collateral. The Collateral Agent shall hold the Senior Collateral and any Lien thereon for the benefit of the Senior Secured Parties pursuant to the terms of this Agreement, the Senior Security Documents and any other Transaction Document to which the Collateral Agent is a party. The Collateral Agent shall administer the Senior Collateral in the manner contemplated by the Senior Security Documents and the other Transaction Documents. The Collateral Agent shall exercise such rights and remedies with respect to the Senior Collateral as are granted to it under the Senior Security Documents, the other Transaction Documents and applicable law and, except as otherwise expressly provided in the Senior Security Documents and such other Transaction Documents, as it shall be directed by the Intercreditor Agent (acting pursuant to the Intercreditor Agreement). No Senior Secured Party or class or classes thereof (other than the Intercreditor Agent (acting pursuant to the Intercreditor Agreement)) shall have any right to direct the Collateral Agent to take any action in respect of the Senior Collateral and no Senior Secured Party shall have any right to take action with respect to the Senior Collateral independently of the Collateral Agent. Unless otherwise directed by the Intercreditor Agent (acting pursuant to the Intercreditor Agreement), the Collateral Agent shall retain possession of, or cause possession thereof to be retained by its designee, (a) all shares pledged to the Collateral Agent (on behalf of the Senior Secured Parties) pursuant to the Funding Corporation Stock Pledge Agreement and the GP Stock Pledge Agreement and (b) all partnership membership interest certificates pledged to the Collateral Agent (on behalf of the Senior Secured Parties) pursuant to the LP Interests Permitted Subsidiary Pledge Agreement, the Dominion ▇▇▇▇▇▇ Pledge Agreement and the GP Interests ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Pledge Agreement.

Administration of the Collateral. The Collateral Agent shall hold the Senior Collateral and any Lien thereon for the benefit of the Senior Secured Parties pursuant to the terms of this Agreement, the Senior Security Documents and any the other Transaction Document to which the Collateral Agent is a partyFinancing Documents. The Collateral Agent shall administer the Senior Collateral in the manner contemplated by this Agreement, the Senior Security Documents and the other Transaction DocumentsFinancing Documents and shall apply the balances from time to time held in the Project Accounts in the manner provided in Article VII. The Collateral Agent shall exercise such rights and remedies with respect to the Senior Collateral (subject to applicable notice and cure period provisions) as are granted to it under the Senior Security Documentsthis Agreement, the other Transaction Security Documents and applicable law andthe other Financing Documents, except as otherwise expressly provided in this Agreement, the Senior Security Documents and such the other Transaction DocumentsFinancing Agreements, as it shall be directed by the Intercreditor Agent Bank (acting pursuant to upon the Intercreditor Agreementinstructions of the Required Banks). No Senior Secured Party Except as otherwise expressly provided in this Agreement, the Security Documents and the other Financing Documents, no Bank or class or classes thereof group of Banks (other than the Intercreditor Agent (acting pursuant to the Intercreditor Agreement)Required Banks) shall have any right to direct the Collateral Agent to take any action in respect of the Senior Collateral Collateral, and no Senior Secured Party Bank shall have any right to sell, exchange or otherwise deal with any property at any time pledged, assigned or mortgaged to secure the Obligations, or to take action with respect to the Senior Collateral independently of the Collateral Agent. Unless otherwise directed by the Intercreditor Agent (acting pursuant , other than to the Intercreditor Agreement), direct the Collateral Agent shall retain possession of, or cause possession thereof to be retained by its designee, (a) all shares pledged to the Collateral Agent (on behalf of the Senior Secured Parties) pursuant to the Funding Corporation Stock Pledge Agreement and the GP Stock Pledge Agreement and (b) all partnership interest certificates pledged to the Collateral Agent (on behalf of the Senior Secured Parties) pursuant to the LP Interests Pledge Agreement and the GP Interests Pledge Agreementtake action as provided herein.