Concerning the Trust Estate. (5) Administrative Agent accepts the agency applicable to it and agrees to cause the Bank (or its successor), as Borrower, Lessor and Trustee, to receive all payments and proceeds pursuant to the Operative Documents and disburse such payments or proceeds in accordance with the Operative Documents.
Concerning the Trust Estate. (a) Agent accepts the agency applicable to it and agrees to cause the Trust Company (or its successor) to receive all payments and proceeds pursuant to the Operative Documents and disburse such payments or proceeds in accordance with the Operative Documents. (b) Upon discharge of the indebtedness secured by the Security Documents or security interest or Lien provided therein, Agent shall execute and deliver, at Lessee's cost and expense, such satisfactions and terminations of said Liens as may be required. Upon satisfaction of the Lien or security interest provided for in any such instrument, such instrument shall be deemed withdrawn from the Collateral. (c) In the event that the Required Lenders shall notify Agent that an event of default under a security instrument has occurred, Agent shall take such action with respect thereto as the Required Lenders may require by written instructions, but Agent shall not be required to take any action not expressly set forth in such written instructions. (d) Agent shall not have any duty or obligation to manage, operate, control, use, sell, dispose of or otherwise deal with the Equipment or any other part of the Collateral or to otherwise take or refrain from taking any action under, or in connection with, the security instruments, except as expressly provided by the terms of this Loan Agreement or as expressly provided in written instructions from the Required Lenders received pursuant to the terms of Section 7.11(c) hereof. (e) Except in accordance with written instruction furnished pursuant to Section 7.11(c) hereof, and without limiting the generality of Section 7.11(d) hereof, Agent shall have no duty (i) to see to any recording, filing or depositing of any security instrument or amendment thereof, (ii) to see to any insurance on the Equipment or to effect or maintain any such insurance, (iii) to see to the payment or discharge of any tax, assessment, or other governmental charge or any Lien or encumbrance of any kind owing with respect to, assessed or levied against, any part of the Trust Estate or Collateral, (iv) to confirm or verify any notices or reports of Lessee other than to furnish (to the extent not otherwise furnished) Lenders with a copy of each notice or report furnished to Agent by Lessee pursuant to a security instrument or (v) to inspect the Equipment at any time or ascertain or inquire as to the performance or observance of Lessee's covenants under any security instrument. (f) In accepting the ag...
