Common use of Duties of the Security Agent Clause in Contracts

Duties of the Security Agent. 7.6.1 The Security Agent’s duties under the Transaction Documents are solely mechanical and administrative in nature. 7.6.2 The Security Agent shall promptly: (a) forward to the Investment Agent a copy of any document received by the Security Agent from any Obligor under any Transaction Document; and (b) 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. 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. 7.6.4 If the Security Agent receives notice from a Party referring to any Transaction Document, describing a Default and stating that the circumstance described is a Default, it shall promptly notify the Participants. 7.6.5 Security Agent shall have only those duties, obligations and responsibilities expressly specified in the Transaction Documents to which it is expressed to be a party (and no others shall be implied).

Duties of the Security Agent. 7.6.1 27.5.1 The Security Agent’s duties under the Transaction Finance Documents are solely mechanical and administrative in nature. 7.6.2 27.5.2 The Security Agent shall promptly: (a) forward to the Investment Facility Agent a copy of any document received by the Security Agent from any Obligor the Borrower under any Transaction Finance Document; and (b) 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. 7.6.3 27.5.3 Except where a Transaction 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. 7.6.4 27.5.4 If the Security Agent receives notice from a Party referring to any Transaction Finance Document, describing a Default and stating that the circumstance described is a Default, it shall promptly notify the ParticipantsFacility Agent. 7.6.5 27.5.5 The Security Agent shall have only those duties, obligations and responsibilities expressly specified in the Transaction Finance Documents to which it is expressed to be a party (and no others shall be implied).

Duties of the Security Agent. 7.6.1 10.6.1 The Security Agent’s duties under the Transaction Finance Documents are solely mechanical and administrative in nature. 7.6.2 10.6.2 The Security Agent shall promptly: (a) forward to the Investment Agent a copy of any document received by the Security Agent from any Obligor under any Transaction Finance Document; and (b) 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. 7.6.3 10.6.3 Except where a Transaction 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. 7.6.4 10.6.4 If the Security Agent receives notice from a Party referring to any Transaction Finance Document, describing a Default and stating that the circumstance described is a Default, it shall promptly notify the ParticipantsSecured Parties. 7.6.5 10.6.5 The Security Agent shall have only those duties, obligations and responsibilities expressly specified in the Transaction Finance Documents to which it is expressed to be a party (and no others shall be implied). 10.6.6 The Security Agent shall at all times act in a ▇▇▇▇▇’ah compliant manner.