No Collection Obligations. Securities Intermediary shall be under no obligation to take action to collect any amount payable on Collateral in default, or if payment is refused after due demand and presentment.
Appears in 15 contracts
Sources: Collateral Account Control Agreement, Securities Account Control Agreement, Master Investment and Credit Agreement
No Collection Obligations. Securities Intermediary shall be under no obligation to take action to collect any amount payable on Collateral in default, or default if payment is refused after due demand and presentment.
Appears in 3 contracts
Sources: Loan Agreement (Golar LNG LTD), Credit Agreement (Crosstex Energy Inc), Collateral Account Control Agreement (Sina Corp)
No Collection Obligations. The Securities Intermediary shall be under no obligation to take action to collect any amount payable on Account Collateral in default, or if payment is refused after due demand and presentment.
Appears in 3 contracts
Sources: Credit and Guaranty Agreement (American Airlines Inc), Credit and Guaranty Agreement (American Airlines Inc), Credit and Guaranty Agreement (American Airlines Inc)
No Collection Obligations. Securities Intermediary shall be under no obligation to take action to collect any amount payable on Indemnification Collateral in default, or if payment is refused after due demand and presentment.
Appears in 2 contracts
Sources: Stock Purchase Agreement (American International Group Inc), Stock Purchase Agreement (Metlife Inc)
No Collection Obligations. Securities Intermediary shall be under no obligation to take action to collect any amount payable on Collateral in default, except with respect to payments actually made or if payment is refused after due demand and presentment.
Appears in 1 contract