Assignment by the Collateral Agent. The Collateral Agent may from time to time assign its own interest (but not the interest of any other Secured Party) in the Secured Obligations and any portion thereof and/or the Collateral and any portion thereof, and the assignee shall be entitled to all of the rights and remedies of the Collateral Agent under this Security Agreement in relation thereto.
Appears in 2 contracts
Sources: Security Agreement (Caraustar Industries Inc), Credit Agreement (Caraustar Industries Inc)
Assignment by the Collateral Agent. The Collateral Agent may may, for its own account, from time to time assign its own interest (but not the interest of any other Secured Party) in the Secured Obligations and any portion thereof and/or the Collateral and any portion thereof, and the assignee shall be entitled to all of the rights and remedies of the Collateral Agent Agent, as a secured party in its individual capacity, under this Security Agreement in relation thereto.
Appears in 2 contracts
Sources: Security Agreement (Friedmans Inc), Security Agreement (Friedmans Inc)