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.
Appears in 2 contracts
Sources: Registration Rights Agreement (Repsol Ypf Sa), Registration Rights Agreement (Petersen Energia, S.A.)