Duties and Obligations of Collateral Agent. The only duties and obligations which the Collateral Agent shall have are those set forth in this Indenture and the Security Documents. The Collateral Agent shall not be required to take any action or exercise any rights, remedies, powers or discretions under or in connection with this Indenture or the Security Documents beyond those which the Trustee shall specifically instruct the Collateral Agent in writing to take or exercise and then only to the extent stated by the Trustee in the specific instructions in writing and subject to the Collateral Agent’s right to sufficient prior funding and indemnification, pursuant to Section 10.6 and Section 10.13. Notwithstanding the foregoing, the Collateral Agent may refrain from doing anything which would or might in its opinion be contrary to this Indenture or the Security Documents, any law or regulation of any jurisdiction or any order or directive of any court, governmental agency or other regulatory body or which would or might otherwise render it liable to any Person and may do anything which is, in its opinion, necessary to comply with any such law, regulation, order or directive.
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