Common use of Security Documents and Guarantee Clause in Contracts

Security Documents and Guarantee. (a) Each Holder, by acceptance of the Series 2002A Bonds, hereby appoints the Trustee as its Secured Debt Representative under the Collateral Trust Agreement and authorizes the Trustee and the Collateral Trustee, as applicable, on behalf of and for the benefit of the Holders, to be the agent for and representative of the Holders with respect to the ▇▇▇▇▇▇ Guarantees, the Shared Collateral and the Security Documents. (b) Anything contained in any of this Guarantee Agreement and the Security Documents and, after the occurrence of the ▇▇▇▇▇▇ Security Event, the ▇▇▇▇▇▇ Security Documents to the contrary notwithstanding, each Holder hereby agrees that no Holder or the Trustee shall have any right individually to realize upon any of the Shared Collateral, it being understood and agreed that all powers, rights and remedies of the Trustee hereunder may be exercised solely by the Trustee in accordance with the terms hereof and all powers, rights and remedies in respect of the Shared Collateral under the Security Documents may be exercised solely by the Collateral Trustee.

Security Documents and Guarantee. (a) Each Holder, by acceptance of the Series 2002A 2004A Bonds, hereby appoints the Trustee as its Secured Debt Representative under the Collateral Trust Agreement and authorizes the Trustee and the Collateral Trustee, as applicable, on behalf of and for the benefit of the Holders, to be the agent for and representative of the Holders with respect to the ▇▇▇▇▇▇ Guarantees, the Shared Collateral and the Security Documents. (b) Anything contained in any of this Guarantee Agreement and the Security Documents and, after the occurrence of the ▇▇▇▇▇▇ Security Event, the ▇▇▇▇▇▇ Security Documents to the contrary notwithstanding, each Holder hereby agrees that no Holder or the Trustee shall have any right individually to realize upon any of the Shared Collateral, it being understood and agreed that all powers, rights and remedies of the Trustee hereunder may be exercised solely by the Trustee in accordance with the terms hereof and all powers, rights and remedies in respect of the Shared Collateral under the Security Documents may be exercised solely by the Collateral Trustee.