Common use of Collateral Agent in its Individual Capacity Clause in Contracts

Collateral Agent in its Individual Capacity. The Collateral ------------------------------------------- Agent and its Affiliates may generally engage in any kind of business with the Grantor as though such person was not the Collateral Agent hereunder and without any duty to account therefore to the Secured Parties.

Appears in 2 contracts

Samples: New Debt Collateral Agency and Security Agreement (Imperial Credit Industries Inc), Collateral Agency and Security Agreement (Imperial Credit Industries Inc)

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Collateral Agent in its Individual Capacity. The Collateral Agent ------------------------------------------- Agent and its Affiliates may generally engage in any kind of business with the Grantor as though such person was not the Collateral Agent hereunder and without any duty to account therefore to the Secured Parties.

Appears in 2 contracts

Samples: Collateral Agency and Security Agreement (Imperial Credit Industries Inc), Collateral Agency and Security Agreement (Imperial Credit Industries Inc)

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Collateral Agent in its Individual Capacity. The Collateral ------------------------------------------- Agent and its Affiliates may generally engage in any kind of business with the Grantor Company as though such person Person was not the Collateral Agent hereunder and without any duty to account therefore therefor to the Secured Parties.

Appears in 1 contract

Samples: Collateral Agency Agreement (Usn Communications Inc)

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