General Limitation on Exercise of Remedies. None of the Trustee, a Term Loan Agent nor the Swap Representative shall be entitled to exercise any remedies directly under the Collateral Documents, but only by providing instructions to the Collateral Agent in accordance with this Agreement.
Appears in 3 contracts
Sources: Intercreditor and Collateral Agency Agreement, Intercreditor and Collateral Agency Agreement (Duane Reade), Intercreditor and Collateral Agency Agreement (Duane Reade Holdings Inc)