Duties of Collateral Agent. The Collateral Agent shall have no duty to monitor the Servicer nor any liability for the actions or inactions of the Servicer, provided that nothing in this Section 9.05 shall excuse the Collateral Agent from performing its obligations under this Agreement.
Appears in 3 contracts
Sources: Security Agreement (New Century Financial Corp), Security Agreement (New Century Financial Corp), Security Agreement (New Century Financial Corp)