No Collection Obligations. Neither Custodian nor Administrator shall be under any 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 2 contracts
Sources: Collateral Custody and Administration Agreement, Collateral Custody and Administration Agreement
No Collection Obligations. Neither Custodian nor Administrator shall be under any obligation to take action to collect any amount payable on Collateral Assets in default, or if payment is refused after due demand and presentment.
Appears in 1 contract
Sources: Custody and Administration Agreement