Authorization of Actions To Be Taken by the Collateral Agent Under the Pledge Agreement. Subject to the provisions of Sections 7.01 and 7.02 hereof and the Pledge Agreement, the Trustee may, with the consent of the Holders of a majority in principal amount of the Notes direct the Collateral Agent to take all actions it deems necessary or appropriate in order to (a) enforce any of the terms of the Pledge Agreement and (b) collect and receive any and all amounts payable in respect of the Obligations of the Company hereunder.
Authorization of Actions To Be Taken by the Collateral Agent Under the Pledge Agreement. The Collateral Agent may (but shall not be obligated to), in its sole discretion and without the consent of the Holders of the Notes, take all actions it deems necessary or appropriate in order to (a) enforce or effect the Pledge Agreement and (b) collect and receive 108 any and all amounts payable in respect of the obligations of the Company hereunder as provided therein. Such actions shall include, but not be limited to, advising, instructing or otherwise directing any agent appointed by it in connection with enforcing or effecting any term or provision of the Pledge Agreement. Subject to the provisions of the Pledge Agreement, the Collateral Agent shall have power to institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of the Pledge Agreement, and such suits and proceedings as the Collateral Agent may deem expedient to preserve or protect its interests and the interests of any parties secured by the Collateral (including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security under the Pledge Agreement or be prejudicial to the interests of any parties secured by the Collateral or of the Collateral Agent).
Authorization of Actions To Be Taken by the Collateral Agent Under the Pledge Agreement. 54 SECTION 11.07 Authorization of Receipt of Refunds by the Trustee Under the Pledge Agreement ..................................................................................................54 SECTION 11.08
Authorization of Actions To Be Taken by the Collateral Agent Under the Pledge Agreement. Subject to the provisions of the Pledge Agreement and the Intercreditor Agreement, (a) the Collateral Agent shall execute and deliver the Pledge Agreement and the Intercreditor Agreement and act in accordance with the terms thereof, (b) the Collateral Agent may, in its sole discretion and without the consent of the Trustee or the Holders, take all actions it deems necessary or appropriate in order to (i) enforce any of the terms of the Pledge Agreement and (ii) collect and receive any and all amounts payable in respect of the obligations of the Company hereunder and under the Notes, the Pledge Agreement and the Intercreditor Agreement and (c) the Collateral Agent shall have power to institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Pledged Capital Stock by any act that may be unlawful or in violation of the Pledge Agreement or this Indenture, and suits and proceedings as the Collateral Agent may deem expedient to preserve or protect its interests and the interests of the Trustee and the Holders in the Pledged Capital Stock (including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the security interest thereunder or be prejudicial to the interests of the Holders, the Trustee or the Collateral Agent). Notwithstanding the foregoing, the Collateral Agent may, at the expense of the Company, request the direction of the Holders with respect to any such actions and upon receipt of the written consent of the Holders of at least a majority in aggregate principal amount of the outstanding Notes, shall take such actions; provided that all actions so taken shall, at all times, be in conformity with the requirements of the Intercreditor Agreement.
Authorization of Actions To Be Taken by the Collateral Agent Under the Pledge Agreement. Subject to the provisions of Section 7.01 and 7.02 hereof and the Pledge Agreement, the Trustee may, with the consent of the Holders of a majority in principal amount of Notes, direct the Collateral Agent to take all actions it deems necessary or appropriate in order to (a) enforce any of the terms of the Pledge Agreement and the Subsidiary Guarantees, if any, and (b) collect and receive any and all amounts payable in respect of the Obligations of the Issuer and the Guarantors, if any, hereunder and the Subsidiary Guarantees, if any.
Authorization of Actions To Be Taken by the Collateral Agent Under the Pledge Agreement impair the security under the Pledge Agreement or be prejudicial to the interests of any parties secured by the Collateral or of the Collateral Agent).
