Actions Under Security Documents. (a) The Collateral Agent shall not be obligated to take any action under this Agreement or any of the Security Documents except for the performance of such duties as are specifically set forth herein or therein. The Collateral Agent shall take any action under or with respect to the Security Documents or the Collateral which is requested by the Requisite Parties or the Special Requisite Parties, as the case may be, pursuant to Section 4.5; provided that the Collateral Agent shall not amend or waive any provision of the Security Documents except in accordance with Section 7.
Appears in 2 contracts
Samples: Collateral Agency and Intercreditor Agreement (Castle a M & Co), Security Agreement (Castle a M & Co)
Actions Under Security Documents. (a) The Collateral Agent shall not be obligated to take any action under this Agreement or any of the Security Documents except for the performance of such duties as are specifically set forth herein or therein. The Collateral Agent shall take any action under or with respect to the Security Documents or the Collateral which is requested by the Requisite Parties or the Special Requisite Parties, as the case may be, Parties pursuant to Section 4.5(S)4.5; provided that the Collateral Agent shall not amend -------- or waive any provision of the Security Documents except in accordance with Section 7(S)7.
Appears in 1 contract
Samples: Collateral Agency and Intercreditor Agreement (Birmingham Steel Corp)
Actions Under Security Documents. (a) The Collateral Agent shall not be obligated to take any action under this Agreement or any of the other Security Documents except for the performance of such duties as are specifically set forth herein or therein. The Collateral Agent shall take any action under or with respect to the Security Documents or the Collateral which is requested by the Requisite Parties or the Special Requisite Parties, as the case may be, pursuant to Section 4.5; provided that the Collateral Agent shall not amend or waive any provision of the Security Documents except in accordance with Section 7.
Appears in 1 contract