No Collection Obligations. Securities Intermediary shall be under no obligation to take action to collect any amount payable on Collateral in default, or if payment is refused after due demand and presentment.
Appears in 13 contracts
Samples: Security Agreement, Credit Agreement (Mercury General Corp), Collateral Account Control Agreement (American International Group Inc)
No Collection Obligations. The Securities Intermediary shall be under no obligation to take action to collect any amount payable on Account Collateral in default, or if payment is refused after due demand and presentment.
Appears in 3 contracts
Samples: Aircraft Security Agreement (American Airlines Inc), Security Agreement (American Airlines Inc), Aircraft Security Agreement (American Airlines Inc)
No Collection Obligations. Securities Intermediary shall be under no obligation to take action to collect any amount payable on Collateral in default, or default if payment is refused after due demand and presentment.
Appears in 3 contracts
Samples: Credit Agreement (Crosstex Energy Inc), Collateral Account Control Agreement (Sina Corp), Pledge Agreement (Golar LNG LTD)
No Collection Obligations. Securities Intermediary shall be under no obligation to take action to collect any amount payable on Indemnification Collateral in default, or if payment is refused after due demand and presentment.
Appears in 2 contracts
Samples: Pledge Agreement (American International Group Inc), Pledge Agreement (Metlife Inc)
No Collection Obligations. Securities Intermediary shall be under no obligation to take action to collect any amount payable on Collateral in default, except with respect to payments actually made or if payment is refused after due demand and presentment.
Appears in 1 contract
