Responsibilities of the Collateral Agent Clause Samples

Responsibilities of the Collateral Agent. Notwithstanding any contrary provision in this Agreement, the Collateral Agent shall have no obligation to act under this Agreement unless instructed to so act by the Administrative Agent. Neither the Collateral Agent, its agents nor its affiliates shall be liable for any act or omission made in connection with this Agreement except in the case of their own gross negligence or willlful misconduct.
View SourceView Similar (2)
Responsibilities of the Collateral Agent. Neither the Collateral Agent nor any of its directors, officers, agents, employees, affiliates or representatives shall be liable (i) for any failure to invest or reinvest any cash in the Cash Collateral Account in accordance herewith, (ii) for any losses incurred by reason of investments selected by the Collateral Agent pursuant to Section 2.03 hereof or (iii) for any action taken or omitted to be taken by the Collateral Agent (x) in good faith in accordance with the advice of counsel with respect to any question as to the construction of any provision hereof or any action to be taken by the Collateral Agent hereunder, (y) in accordance with any instructions or other notice which the Collateral Agent believes in good faith to be properly given by the Assignor hereunder or (z) in accordance with the instructions of the Required Secured Parties. Notwithstanding anything to the contrary contained herein, neither the Collateral Agent nor any of its directors, officers, agents, employees, affiliates, representatives or agents shall be liable for anything not caused by the gross negligence, bad faith or willful misconduct of the Collateral Agent or any of its directors, officers, agents, employees, affiliates, representatives or agents (as determined by a court of competent jurisdiction in a final and non-appealable decision). Without limiting the foregoing, the Collateral Agent shall act hereunder on the terms and conditions set forth herein and in Article IX of the Credit Agreement.
View Source
Responsibilities of the Collateral Agent. AND THE ACCOUNT CUSTODIAN
View Source
Responsibilities of the Collateral Agent. Neither the Collateral Agent nor any of its directors, officers, agents, employees, affiliates or representatives shall be liable (i) for any failure to invest or reinvest any cash in the Account in accordance herewith, (ii) for any losses incurred by reason of investments selected by the Collateral Agent pursuant to Section 2.03 hereof or (iii) for any action taken or omitted to be taken by the Collateral Agent (x) in good faith in accordance with the advice of counsel with respect to any question as to the construction of any provision hereof or any action to be taken by the Collateral Agent hereunder,
View Source
Responsibilities of the Collateral Agent. Neither the Collateral Agent nor any of its directors, officers, agents, employees, affiliates, representatives or agents shall be liable (i) for any failure to invest or reinvest any cash in the Account in accordance herewith, or (ii) for any action taken or omitted to be taken by the Collateral Agent (x) in good faith in accordance with the advice of counsel with respect to any question as to the construction of any provision hereof or any action to be taken by the Collateral Agent hereunder, (y) in accordance with any instructions or other notice which the Collateral Agent believes in good faith to be properly given by the Assignor hereunder or (z) in accordance with the instructions of the Required Secured Creditors.
View Source

Related to Responsibilities of the Collateral Agent

  • Responsibilities of the Parties 1.5.1 The Parties shall perform all obligations of this Agreement in accordance with all Applicable Laws and Regulations, Operating Requirements, and

  • Responsibilities of the City The City’s Contract Manager will be responsible for exercising general oversight of the Contractor’s activities in completing the Scope of Work. Specifically, the Contract Manager will represent the City’s interests in resolving day-to-day issues that may arise during the term of this Contract, shall participate regularly in conference calls or meetings for status reporting, shall promptly review any written reports submitted by the Contractor, and shall approve all invoices for payment, as appropriate. The City’s Contract Manager shall give the Contractor timely feedback on the acceptability of progress and task reports.