OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE Sample Clauses

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 20 Section 3.1 Appointment and Undertaking of the Collateral Trustee 20 Section 3.2 Release or Subordination of Liens 21 Section 3.3 Enforcement of Liens 22 Section 3.4 Application of Proceeds 22 Section 3.5 Powers of the Collateral Trustee 24 Section 3.6 Documents and Communications 25 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 25 Section 3.8 Additional Parity Lien Debt 25 ARTICLE 4 OBLIGATIONS ENFORCEABLE BY THE OBLIGORS 28 Section 4.1 Release of Liens on Collateral 28 Section 4.2 Delivery of Copies to Parity Lien Representatives 30 Section 4.3 Collateral Trustee not Required to Serve, File or Record 30 Section 4.4 Release of Liens in Respect of Notes 31 Section 4.5 Release of Liens in Respect of any Series of Parity Lien Debt other than the Notes 31 ARTICLE 5 IMMUNITIES OF THE COLLATERAL TRUSTEE 31 Section 5.1 No Implied Duty 31 Section 5.2 Appointment of Agents and Advisors 32 Section 5.3 Other Agreements 32 Section 5.4 Solicitation of Instructions 32 Section 5.5 Limitation of Liability 33 Section 5.6 Documents in Satisfactory Form 33 Section 5.7 Entitled to Rely 34 Section 5.8 Parity Lien Debt Default 34 Section 5.9 Actions by Collateral Trustee 34 Section 5.10 Security or Indemnity in favor of the Collateral Trustee 35 Section 5.11 Rights of the Collateral Trustee 35 Section 5.12 Limitations on Duty of Collateral Trustee in Respect of Collateral 35 Section 5.13 Assumption of Rights, Not Assumption of Duties 36 Section 5.14 No Liability for Clean Up of Hazardous Materials 36 Section 5.15 Other Relationships with the Obligors 37
OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 21 SECTION 3.1 Undertaking of the Collateral Trustee............................... 21 SECTION 3.2 Release or Subordination of Liens................................... 22 SECTION 3.3 Enforcement of Liens................................................ 23 SECTION 3.4 Application of Proceeds............................................. 23 SECTION 3.5 Powers of the Collateral Trustee.................................... 25 SECTION 3.6 Documents and Communications........................................ 25 SECTION 3.7 For Sole and Exclusive Benefit of Holders of Secured Obligations.... 25 SECTION 3.8
OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. ARTICLE 4. OBLIGATIONS ENFORCEABLE BY THE BORROWER AND THE OTHER OBLIGORS ARTICLE 5. IMMUNITIES OF THE COLLATERAL TRUSTEE ARTICLE 6.
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OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. Section 3.1 Appointment and Undertaking of the Collateral Trustee.................................. 11 Section 3.2 Release or Subordination of Liens................................................................. 12 Section 3.3 Enforcement of Liens................................................................................... 13 Section 3.4 Application of Proceeds............................................................................... 13 Section 3.5 Powers of the Collateral Trustee................................................................... 14 Section 3.6 Documents and Communications.................................................................. 14 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations............. 15 Section 3.8 Additional Parity Lien Debt.......................................................................... 15
OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 24 3.1. Undertaking of the Collateral Trustee............................................................ 24 3.2. Release or Subordination of Liens................................................................ 25 3.3. Remedies Upon Actionable Default................................................................. 25 3.4. Application of Proceeds.......................................................................... 26 3.5. Powers of the Collateral Trustee................................................................. 27 3.6.
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