Collateral Agent Authority. Collateral Agent has been appointed by the Lenders under the Loan Agreement and has the benefit of the rights and protections set forth therein, including without limitation, that, notwithstanding any discretion given to it in any Loan Document, Collateral Agent need not exercise discretion, but shall act as directed by the Required Lenders.
Appears in 3 contracts
Sources: Loan and Guarantee Agreement (Frontier Group Holdings, Inc.), Loan and Guarantee Agreement (Hawaiian Holdings Inc), Loan and Guarantee Agreement (American Airlines, Inc.)