Common use of Duties of the Security Agent Clause in Contracts

Duties of the Security Agent. (a) The Security Agent’s duties under the Debt Documents are solely mechanical and administrative in nature. (b) The Security Agent shall promptly: (i) forward to the Agent and to each Hedge Counterparty a copy of any document received by the Security Agent from any Debtor or the Parent under any Debt Document; and (ii) forward to a Party the original or a copy of any document which is delivered to the Security Agent for that Party by any other Party. (c) The Security Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. (d) Without prejudice to Clause 22.3 (Notification of prescribed events), if the Security Agent receives notice from a Party referring to any Debt Document, describing a Default and stating that the circumstance described is a Default, it shall promptly notify the External Creditors. (e) The Security Agent shall have only those duties, obligations and responsibilities expressly specified in the Debt Documents to which it is expressed to be a party (and no others shall be implied). Nothing in this Agreement constitutes the Security Agent as an agent, trustee or fiduciary of any Debtor or the Parent.

Duties of the Security Agent. (a) 7.6.1 The Security Agent’s duties under the Debt Transaction Documents are solely mechanical and administrative in nature. (b) 7.6.2 The Security Agent shall promptly: (ia) forward to the Investment Agent and to each Hedge Counterparty a copy of any document received by the Security Agent from any Debtor or the Parent Obligor under any Debt Transaction Document; and (iib) forward to a Party the original or a copy of any document which is delivered to the Security Agent for that Party by any other Party. (c) The 7.6.3 Except where a Transaction Document specifically provides otherwise, the Security Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. (d) Without prejudice to Clause 22.3 (Notification of prescribed events), if 7.6.4 If the Security Agent receives notice from a Party referring to any Debt Transaction Document, describing a Default and stating that the circumstance described is a Default, it shall promptly notify the External CreditorsParticipants. (e) The 7.6.5 Security Agent shall have only those duties, obligations and responsibilities expressly specified in the Debt Transaction Documents to which it is expressed to be a party (and no others shall be implied). Nothing in this Agreement constitutes the Security Agent as an agent, trustee or fiduciary of any Debtor or the Parent.

Duties of the Security Agent. (a) 10.6.1 The Security Agent’s duties under the Debt Finance Documents are solely mechanical and administrative in nature. (b) 10.6.2 The Security Agent shall promptly: (ia) forward to the Investment Agent and to each Hedge Counterparty a copy of any document received by the Security Agent from any Debtor or the Parent Obligor under any Debt Finance Document; and (iib) forward to a Party the original or a copy of any document which is delivered to the Security Agent for that Party by any other Party. (c) The 10.6.3 Except where a Finance Document specifically provides otherwise, the Security Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. (d) Without prejudice to Clause 22.3 (Notification of prescribed events), if 10.6.4 If the Security Agent receives notice from a Party referring to any Debt Finance Document, describing a Default and stating that the circumstance described is a Default, it shall promptly notify the External CreditorsSecured Parties. (e) 10.6.5 The Security Agent shall have only those duties, obligations and responsibilities expressly specified in the Debt Finance Documents to which it is expressed to be a party (and no others shall be implied). Nothing in this Agreement constitutes the . 10.6.6 The Security Agent as an agent, trustee or fiduciary of any Debtor or the Parentshall at all times act in a ▇▇▇▇▇’ah compliant manner.

Duties of the Security Agent. (a) 27.5.1 The Security Agent’s duties under the Debt Finance Documents are solely mechanical and administrative in nature. (b) 27.5.2 The Security Agent shall promptly: (ia) forward to the Facility Agent and to each Hedge Counterparty a copy of any document received by the Security Agent from any Debtor or the Parent Borrower under any Debt Finance Document; and (iib) forward to a Party the original or a copy of any document which is delivered to the Security Agent for that Party by any other Party. (c) The 27.5.3 Except where a Finance Document specifically provides otherwise, the Security Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. (d) Without prejudice to Clause 22.3 (Notification of prescribed events), if 27.5.4 If the Security Agent receives notice from a Party referring to any Debt Finance Document, describing a Default and stating that the circumstance described is a Default, it shall promptly notify the External CreditorsFacility Agent. (e) 27.5.5 The Security Agent shall have only those duties, obligations and responsibilities expressly specified in the Debt Finance Documents to which it is expressed to be a party (and no others shall be implied). Nothing in this Agreement constitutes the Security Agent as an agent, trustee or fiduciary of any Debtor or the Parent.

Duties of the Security Agent. (a) The Security Agent’s duties under the Debt Finance Documents are solely mechanical and administrative in nature. (b) The Security Agent shall promptly: (i) forward to the Agent and to each Hedge Counterparty a copy of any document received by the Security Agent from any Debtor or the Parent Obligor under any Debt Finance Document; and (ii) forward to a Party the original or a copy of any document which is delivered to the Security Agent for that Party by any other Party. (c) The Except where a Finance Document specifically provides otherwise, the Security Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. (d) Without prejudice to Clause 22.3 (Notification of prescribed events), if If the Security Agent receives notice from a Party referring to any Debt Finance Document, describing a Default and stating that the circumstance described is a Default, it shall promptly notify the External Creditorsother Finance Parties. (e) The Security Agent shall have only those duties, obligations and responsibilities expressly specified in the Debt Finance Documents to which it is expressed to be a party (and no others shall be implied). Nothing in this Agreement constitutes the Security Agent as an agent, trustee or fiduciary of any Debtor or the Parent.