No Collection Obligations. Securities Intermediary and Pledge Collateral Agent 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 5 contracts
Sources: Indemnification Collateral Account Security and Control Agreement (Metlife Inc), Master Transaction Agreement (American International Group Inc), Coordination Agreement (American International Group Inc)