Common use of OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE Clause in Contracts

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

Appears in 1 contract

Samples: Collateral Trust Agreement (Calumet Specialty Products Partners, L.P.)

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OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 20 Section SECTION 3.1 Appointment and Undertaking of the Collateral Trustee 20 Section APPOINTMENT AND UNDERTAKING OF THE COLLATERAL TRUSTEE 14 SECTION 3.2 Release or Subordination of Liens 21 Section RELEASE OR SUBORDINATION OF LIENS 16 SECTION 3.3 Enforcement of Liens ENFORCEMENT OF LIENS 16 SECTION 3.4 APPLICATION OF PROCEEDS 16 SECTION 3.5 POWERS OF THE COLLATERAL TRUSTEE 19 SECTION 3.6 DOCUMENTS AND COMMUNICATIONS 19 SECTION 3.7 FOR SOLE AND EXCLUSIVE BENEFIT OF HOLDERS OF PRIORITY LIEN OBLIGATIONS 19 SECTION 3.8 ADDITIONAL PARITY LIEN DEBT 19 SECTION 3.9 SECOND LIEN COLLATERAL AGENT 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 COMPANY AND THE OTHER GRANTORS SECTION 4.1 Release of Liens on Collateral 28 Section RELEASE OF LIENS ON COLLATERAL 22 SECTION 4.2 Delivery of Copies to Parity Lien Representatives 30 Section DELIVERY OF COPIES TO PRIORITY LIEN REPRESENTATIVES 24 SECTION 4.3 Collateral Trustee not Required to ServeCOLLATERAL TRUSTEE NOT REQUIRED TO SERVE, File or Record 30 Section FILE OR RECORD 24 SECTION 4.4 Release of Liens in Respect of Notes 31 Section RELEASE OF LIENS IN RESPECT OF NOTES 24 SECTION 4.5 Release of Liens in Respect of any Series of Parity Lien Debt other than the Notes 31 RELEASE OF LIENS IN RESPECT OF ANY SERIES OF PARITY LIEN DEBT OTHER THAN NOTES 25 ARTICLE 5 IMMUNITIES OF THE COLLATERAL TRUSTEE SECTION 5.1 NO IMPLIED DUTY 25 SECTION 5.2 APPOINTMENT OF AGENTS AND ADVISORS 25 SECTION 5.3 OTHER AGREEMENTS 25 SECTION 5.4 SOLICITATION OF INSTRUCTIONS 26 SECTION 5.5 LIMITATION OF LIABILITY 26 SECTION 5.6 DOCUMENTS IN SATISFACTORY FORM 26 SECTION 5.7 ENTITLED TO RELY 27 SECTION 5.8 PARITY LIEN DEBT DEFAULT 27 SECTION 5.9 ACTIONS BY COLLATERAL TRUSTEE 27 SECTION 5.10 SECURITY OR INDEMNITY IN FAVOR OF THE COLLATERAL TRUSTEE 27 SECTION 5.11 RIGHTS OF THE COLLATERAL TRUSTEE 28 SECTION 5.12 LIMITATIONS ON DUTY OF COLLATERAL TRUSTEE IN RESPECT OF COLLATERAL 28 SECTION 5.13 ASSUMPTION OF RIGHTS, NOT ASSUMPTION OF DUTIES 29 SECTION 5.14 NO LIABILITY FOR CLEAN UP OF HAZARDOUS MATERIALS 29 SECTION 5.15 OTHER RELATIONSHIPS WITH THE COMPANY, GRANTORS OR GUARANTORS 29 ARTICLE 6 RESIGNATION AND REMOVAL OF THE COLLATERAL TRUSTEE SECTION 6.1 RESIGNATION OR REMOVAL OF COLLATERAL TRUSTEE 30 SECTION 6.2 APPOINTMENT OF SUCCESSOR COLLATERAL TRUSTEE 30 SECTION 6.3 SUCCESSION 31 SECTION 6.4 MERGER, CONVERSION OR CONSOLIDATION OF COLLATERAL TRUSTEE 31 SECTION 6.5 CONCERNING THE COLLATERAL TRUSTEE AND THE PARITY LIEN REPRESENTATIVES 31 ARTICLE 7 MISCELLANEOUS PROVISIONS SECTION 7.1 AMENDMENT 32 SECTION 7.2 VOTING 34 SECTION 7.3 FURTHER ASSURANCES 35 SECTION 7.4 SUCCESSORS AND ASSIGNS 35 SECTION 7.5 DELAY AND WAIVER 36 SECTION 7.6 NOTICES 36 SECTION 7.7 ENTIRE AGREEMENT 37 SECTION 7.8 COMPENSATION; EXPENSES 37 SECTION 7.9 INDEMNITY 38 SECTION 7.10 SEVERABILITY 38 SECTION 7.11 HEADINGS 39 SECTION 7.12 OBLIGATIONS SECURED 39 SECTION 7.13 GOVERNING LAW 39 SECTION 7.14 CONSENT TO JURISDICTION 39 SECTION 7.15 WAIVER OF JURY TRIAL 39 SECTION 7.16 COUNTERPARTS, ELECTRONIC SIGNATURES 40 SECTION 7.17 EFFECTIVENESS 40 SECTION 7.18 GRANTORS AND ADDITIONAL GRANTORS 40 SECTION 7.19 CONTINUING NATURE OF THIS AGREEMENT 40 SECTION 7.20 INSOLVENCY 40 SECTION 7.21 RIGHTS AND IMMUNITIES OF PARITY LIEN REPRESENTATIVES 41 SECTION 7.22 INTERCREDITOR AGREEMENT 41 SECTION 7.23 FORCE MAJEURE 41 SECTION 7.24 U.S.A. PATRIOT ACT 41 SECTION 7.25 REPRESENTATIONS AND WARRANTIES 42 Exhibit A [Form of] Additional Secured Debt Designation Exhibit B [Form of] Collateral Trust Joinder – Additional Debt Exhibit C [Form of] Collateral Trust Joinder – Additional Grantor This Collateral Trust Agreement (as amended, supplemented, amended and restated or otherwise modified form time to time in accordance with Section 5.1 No Implied Duty 31 Section 5.2 Appointment 7.1 hereof, this “Agreement”) is dated as of Agents November [ 🌑 ], 2017 and Advisors 32 Section 5.3 Other Agreements 32 Section 5.4 Solicitation is by and among CONSOL Mining Corporation, (the “Company”), the Grantors and Guarantors from time to time party hereto, UMB Bank, N.A., as Trustee (as defined below), UMB Bank, N.A., as Collateral Trustee (in such capacity and together with its successors in such capacity, the “Collateral Trustee”) and any Parity Lien Representative of Instructions 32 Section 5.5 Limitation a Series 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 that executes and delivers a 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 37Trust Joinder.

Appears in 1 contract

Samples: Intercreditor Agreement (CONSOL Mining Corp)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 20 12 Section 3.1 Appointment and Undertaking of the Collateral Trustee 20 12 Section 3.2 Release or Subordination of Liens 21 13 Section 3.3 Enforcement of Liens 22 14 Section 3.4 Application of Proceeds 22 14 Section 3.5 Powers of the Collateral Trustee 24 15 Section 3.6 Documents and Communications 25 16 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 25 the Secured Parties 16 Section 3.8 Additional Parity Lien Secured Debt 25 16 Section 3.9 Hedging Obligations ARTICLE 4 IV OBLIGATIONS ENFORCEABLE BY THE OBLIGORS 28 GRANTORS 18 Section 4.1 Release of Liens on Collateral 28 18 Section 4.2 Delivery of Copies to Parity Lien Secured Debt Representatives 30 20 Section 4.3 Collateral Trustee not Required to ServePreparing, File Filing or Record 30 Recording Release Documentation 20 Section 4.4 Release Satisfaction of Liens in Respect of Notes 31 Section 4.5 Release of Liens Obligations in Respect of any Series of Parity Lien Secured Debt other than the Notes 31 20 ARTICLE 5 V IMMUNITIES OF THE COLLATERAL TRUSTEE 31 21 Section 5.1 No Implied Duty 31 21 Section 5.2 Appointment of Agents and Advisors 32 21 Section 5.3 Other Agreements 32 21 Section 5.4 Solicitation of Instructions 32 22 Section 5.5 Limitation of Liability 33 22 Section 5.6 Documents in Satisfactory Form 33 22 Section 5.7 Entitled to Rely 34 23 Section 5.8 Parity Lien Secured Debt Default 34 23 Section 5.9 Actions by Collateral Trustee 34 23 Section 5.10 Security or Indemnity in favor of the Collateral Trustee 35 23 Section 5.11 Rights of the Collateral Trustee 35 23 Section 5.12 Limitations on Duty of Collateral Trustee in Respect of Collateral 35 24 Section 5.13 Assumption of Rights, Not Assumption of Duties 36 25 Section 5.14 No Liability for Clean Clean-Up of Hazardous Materials 36 25 Section 5.15 Other Relationships Act of Required Secured Party, etc. 25 ARTICLE VI RESIGNATION AND REMOVAL OF THE COLLATERAL TRUSTEE 26 Section 6.1 Resignation or Removal of Collateral Trustee 26 Section 6.2 Appointment of Successor Collateral Trustee 26 Section 6.3 Succession 26 Section 6.4 Merger, Conversion or Consolidation of Collateral Trustee 27 ARTICLE VII MISCELLANEOUS PROVISIONS 27 Section 7.1 Amendment 27 Section 7.2 Voting 29 Section 7.3 Further Assurances 29 Section 7.4 Successors and Assigns 29 Section 7.5 Delay and Waiver 30 Section 7.6 Notices 30 Section 7.7 Notice Following Discharge of Secured Obligations 31 Section 7.8 Entire Agreement 31 Section 7.9 Compensation; Expenses 31 Section 7.10 Indemnity 32 Section 7.11 Severability 33 Section 7.12 Section Headings 33 Section 7.13 Obligations Secured 33 Section 7.14 Governing Law 33 Section 7.15 Consent to Jurisdiction; Service of Process 33 Section 7.16 WAIVER OF JURY TRIAL 34 Section 7.17 Counterparts 34 Section 7.18 Additional Grantors 34 Section 7.19 Continuing Nature of this Agreement 34 Section 7.20 Insolvency 34 Section 7.21 Rights and Immunities of Secured Debt Representatives 35 Section 7.22 Modification of Secured Debt Documents 35 Section 7.23 Confidentiality 35 Section 7.24 Jurisdiction Specific Provisions 36 EXHIBIT A – Form of Additional Secured Debt Designation EXHIBIT B – Form of Collateral Trust Agreement Joinder—Additional Secured Debt EXHIBIT C – Form of Collateral Trust Agreement Joinder—Additional Grantors COLLATERAL TRUST AGREEMENT, (as amended, restated, supplemented, amended and restated or otherwise modified from time to time, this “Agreement”) dated as of June 16, 2020 among Endo International PLC, a company incorporated under the laws of Ireland (Registered Number 534814) (the “Parent”), Endo Designated Activity Company, a company incorporated under the laws of Ireland (Registered Number 534651) (“Endo DAC”), Endo Xxxxx Inc., a Delaware limited liability corporation (“Endo Xxxxx”), Endo Finance LLC, a Delaware limited liability company (collectively with Endo DAC and Endo Xxxxx, the Obligors 37“Issuers”), the other Grantors from time to time party hereto, the Indenture Trustee (as defined below) and Wilmington Trust, National Association, as collateral trustee (in such capacity and together with its successors in such capacity, the “Collateral Trustee”);

Appears in 1 contract

Samples: Collateral Trust Agreement (Endo International PLC)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 20 13 Section 3.1 Appointment and Undertaking of the Collateral Trustee 20 13 Section 3.2 Release or Subordination of Liens 21 15 Section 3.3 Enforcement of Liens 22 15 Section 3.4 Application of Proceeds 22 15 Section 3.5 Powers of the Collateral Trustee 24 17 Section 3.6 Documents and Communications 25 18 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 25 the Secured Parties 18 Section 3.8 Additional Parity Lien Secured Debt 25 18 Section 3.9 Hedging Obligations 20 ARTICLE 4 IV OBLIGATIONS ENFORCEABLE BY THE OBLIGORS 28 GRANTORS 20 Section 4.1 Release of Liens on Collateral 28 20 Section 4.2 Delivery of Copies to Parity Lien Secured Debt Representatives 30 22 Section 4.3 Collateral Trustee not Required to ServePreparing, File Filing or Record 30 Recording Release Documentation 22 Section 4.4 Release Satisfaction of Liens in Respect of Notes 31 Section 4.5 Release of Liens Obligations in Respect of any Series of Parity Lien Secured Debt other than the Notes 31 22 ARTICLE 5 V IMMUNITIES OF THE COLLATERAL TRUSTEE 31 23 Section 5.1 No Implied Duty 31 23 Section 5.2 Appointment of Agents and Advisors 32 23 Section 5.3 Other Agreements 32 24 Section 5.4 Solicitation of Instructions 32 24 Section 5.5 Limitation of Liability 33 24 Section 5.6 Documents in Satisfactory Form 33 25 Section 5.7 Entitled to Rely 34 25 Section 5.8 Parity Lien Secured Debt Default 34 25 Section 5.9 Actions by Collateral Trustee 34 26 Section 5.10 Security or Indemnity in favor of the Collateral Trustee 35 26 Section 5.11 Rights of the Collateral Trustee 35 26 Section 5.12 Limitations on Duty of Collateral Trustee in Respect of Collateral 35 26 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 3727

Appears in 1 contract

Samples: Collateral Trust Agreement (Endo International PLC)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 20 12 Section 3.1 Appointment and Undertaking of the Collateral Trustee 20 12 Section 3.2 Release or Subordination of Liens 21 14 Section 3.3 Enforcement of Liens 22 14 Section 3.4 Application of Proceeds 22 15 Section 3.5 Powers of the Collateral Trustee 24 16 Section 3.6 Documents and Communications 25 16 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 25 the Secured Parties 16 Section 3.8 Additional Parity Lien Secured Debt 25 17 ARTICLE 4 IV OBLIGATIONS ENFORCEABLE BY THE OBLIGORS 28 GRANTORS 19 Section 4.1 Release of Liens on Collateral 28 19 Section 4.2 Delivery of Copies to Parity Lien Secured Debt Representatives 30 21 Section 4.3 Collateral Trustee not Required to ServePreparing, File Filing or Record 30 Recording Release Documentation 21 Section 4.4 Release Satisfaction of Liens in Respect of Notes 31 Section 4.5 Release of Liens Obligations in Respect of any Series of Parity Lien Secured Debt other than the Notes 31 21 ARTICLE 5 V IMMUNITIES OF THE COLLATERAL TRUSTEE 31 23 Section 5.1 No Implied Duty 31 23 Section 5.2 Appointment of Agents and Advisors 32 23 Section 5.3 Other Agreements 32 23 Section 5.4 Solicitation of Instructions 32 24 Section 5.5 Limitation of Liability 33 24 Section 5.6 Documents in Satisfactory Form 33 25 Section 5.7 Entitled to Rely 34 25 Section 5.8 Parity Lien Secured Debt Default 34 25 Section 5.9 Actions by Collateral Trustee 34 25 Section 5.10 Security or Indemnity in favor of the Collateral Trustee 35 25 Section 5.11 Rights of the Collateral Trustee 35 26 Section 5.12 Limitations on Duty of Collateral Trustee in Respect of Collateral 35 26 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 3727

Appears in 1 contract

Samples: Collateral Trust Agreement (Geo Group Inc)

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OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 20 22 Section 3.1 Appointment and 3.1. Undertaking of the Collateral Trustee 20 22 Section 3.2 3.2. Release or Subordination of Liens 21 23 Section 3.3 3.3. Enforcement of Liens 22 24 Section 3.4 3.4. Application of Proceeds 22 25 Section 3.5 3.5. Powers of the Collateral Trustee 24 26 Section 3.6 3.6. Documents and Communications 25 26 Section 3.7 3.7. For Sole and Exclusive Benefit of Holders of Parity Priority Lien Obligations 25 26 Section 3.8 3.8. Additional Parity Priority Lien Debt 25 ARTICLE 4 27 Section 3.9. Additional Junior Lien Debt 28 Article 4. OBLIGATIONS ENFORCEABLE BY THE OBLIGORS COMPANY AND THE OTHER GUARANTORS 28 Section 4.1 4.1. Release of Liens on Collateral 28 Section 4.2 4.2. Delivery of Copies to Parity Priority Lien Representatives 30 Section 4.3 4.3. Collateral Trustee not Required to Serve, File File, Register or Record 30 Section 4.4 4.4. Release of Liens in Respect of First Lien Notes 31 Section 4.5 Release of Liens in Respect of any Series of Parity Lien Debt other than the Notes 31 ARTICLE 5 30 Article 5. IMMUNITIES OF THE COLLATERAL TRUSTEE 31 30 Section 5.1 5.1. No Implied Duty 31 30 Section 5.2 5.2. Appointment of Agents and Advisors 32 31 Section 5.3 5.3. Other Agreements 32 31 Section 5.4 5.4. Solicitation of Instructions 32 31 Section 5.5 5.5. Limitation of Liability 33 31 Section 5.6 5.6. Documents in Satisfactory Form 33 31 Section 5.7 5.7. Entitled to Rely 34 31 Section 5.8 Parity 5.8. Priority Lien Debt Default 34 32 Section 5.9 5.9. Actions by Collateral Trustee 34 32 Section 5.10 5.10. Security or Indemnity in favor Favor of the Collateral Trustee 35 32 Section 5.11 5.11. Rights of the Collateral Trustee 35 32 Section 5.12 5.12. Limitations on Duty of Collateral Trustee in Respect of Collateral 35 33 Section 5.13 5.13. Assumption of Rights, Not Assumption of Duties 36 33 Section 5.14 5.14. No Liability for Clean Up of Hazardous Materials 34 Section 5.15. No Obligation to Act 34 Article 6. RESIGNATION, REMOVAL AND REPLACEMENT OF THE COLLATERAL TRUSTEE Section 6.1. Resignation or Removal of Collateral Trustee 34 Section 6.2. Appointment of Successor Collateral Trustee 34 Section 6.3. Succession 35 Section 6.4. Merger, Conversion or Consolidation of Collateral Trustee 35 Article 7. MISCELLANEOUS PROVISIONS 36 Section 5.15 Other Relationships 7.1. Amendment 36 Section 7.2. Voting 39 Section 7.3. Further Assurances; Insurance; Real Estate. 39 Section 7.4. RESERVED 42 Section 7.5. Successors and Assigns 42 Section 7.6. Delay and Waiver 42 Section 7.7. Notices 43 Section 7.8. Notice Following Discharge of Priority Lien Obligations 43 Section 7.9. Entire Agreement 44 Section 7.10. Compensation; Expenses 44 Section 7.11. Indemnity 45 Section 7.12. Severability 45 Section 7.13. Headings 45 Section 7.14. Obligations Secured 45 Section 7.15. Governing Law 45 Section 7.16. Consent to Jurisdiction 46 Section 7.17. Waiver of Jury Trial 46 Section 7.18. Counterparts 46 Section 7.19. Effectiveness 47 Section 7.20. Additional Guarantors 47 Section 7.21. Continuing Nature of this Agreement 47 Section 7.22. Insolvency 47 Section 7.23. Rights and Immunities of Priority Lien Representatives 47 Section 7.24. Patriot Act 47 Section 7.25. Force Majeure 48 EXHIBIT A - Additional Priority Lien Debt Designation EXHIBIT B - Form of Collateral Trust Joinder-Additional Priority Lien Debt EXHIBIT C - Form of Collateral Trust Joinder-Additional Guarantors SCHEDULE 1 - Mortgaged Properties This Collateral Trust Agreement (this “Agreement”) is dated as of April 17, 2017 and is by and among Unisxx Xxxxxxxxxxx, x Delaware corporation (the “Company”), the Guarantors from time to time party hereto, Wellx Xxxgo Bank, National Association, as First Lien Trustee (as defined below), the other Priority Lien Representatives from time to time party hereto, and Wellx Xxxgo Bank, National Association, as Collateral Trustee (in such capacity and together with its successors in such capacity, the Obligors 37“Collateral Trustee”).

Appears in 1 contract

Samples: Collateral Trust Agreement (Unisys Corp)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 20 13 Section 3.1 Appointment and Undertaking of the Collateral Trustee 20 13 Section 3.2 Release or Subordination of Liens 21 14 Section 3.3 Enforcement of Liens 22 15 Section 3.4 Application of Proceeds 22 15 Section 3.5 Powers of the Collateral Trustee 24 17 Section 3.6 Documents and Communications 25 17 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 25 the Secured Parties 17 Section 3.8 Additional Parity Lien Secured Debt 25 17 Section 3.9 Hedging Obligations 19 ARTICLE 4 IV OBLIGATIONS ENFORCEABLE BY THE OBLIGORS 28 GRANTORS 20 Section 4.1 Release of Liens on Collateral 28 20 Section 4.2 Delivery of Copies to Parity Lien Secured Debt Representatives 30 21 Section 4.3 Collateral Trustee not Required to ServePreparing, File Filing or Record 30 Recording Release Documentation 22 Section 4.4 Release Satisfaction of Liens in Respect of Notes 31 Section 4.5 Release of Liens Obligations in Respect of any Series of Parity Lien Secured Debt other than the Notes 31 22 ARTICLE 5 V IMMUNITIES OF THE COLLATERAL TRUSTEE 31 23 Section 5.1 No Implied Duty 31 23 Section 5.2 Appointment of Agents and Advisors 32 23 Section 5.3 Other Agreements 32 23 Section 5.4 Solicitation of Instructions 32 24 Section 5.5 Limitation of Liability 33 24 Section 5.6 Documents in Satisfactory Form 33 25 Section 5.7 Entitled to Rely 34 25 Section 5.8 Parity Lien Secured Debt Default 34 26 Section 5.9 Actions by Collateral Trustee 34 26 Section 5.10 Security or Indemnity in favor of the Collateral Trustee 35 26 Section 5.11 Rights of the Collateral Trustee 35 26 Section 5.12 Limitations on Duty of Collateral Trustee in Respect of Collateral 35 27 Section 5.13 Assumption of Rights, Not Assumption of Duties 36 28 Section 5.14 No Liability for Clean Clean-Up of Hazardous Materials 36 28 Section 5.15 Other Relationships with the Obligors 37Act of Required Secured Party, etc. 28

Appears in 1 contract

Samples: Collateral Trust Agreement (Triumph Group Inc)

OBLIGATIONS AND POWERS OF COLLATERAL TRUSTEE. 20 13 Section 3.1 Appointment and Undertaking of the Collateral Trustee 20 13 Section 3.2 Release or Subordination of Liens 21 15 Section 3.3 Enforcement of Liens 22 15 Section 3.4 Application of Proceeds 22 15 Section 3.5 Powers of the Collateral Trustee 24 17 Section 3.6 Documents and Communications 25 18 Section 3.7 For Sole and Exclusive Benefit of Holders of Parity Lien Obligations 25 the Secured Parties 18 Section 3.8 Additional Parity Lien Secured Debt 25 18 Section 3.9 Hedging Obligations 20 ARTICLE 4 IV OBLIGATIONS ENFORCEABLE BY THE OBLIGORS 28 GRANTORS 21 Section 4.1 Release of Liens on Collateral 28 21 Section 4.2 Delivery of Copies to Parity Lien Secured Debt Representatives 30 22 Section 4.3 Collateral Trustee not Required to ServePreparing, File Filing or Record 30 Recording Release Documentation 22 Section 4.4 Release Satisfaction of Liens in Respect of Notes 31 Section 4.5 Release of Liens Obligations in Respect of any Series of Parity Lien Secured Debt other than the Notes 31 22 ARTICLE 5 V IMMUNITIES OF THE COLLATERAL TRUSTEE 31 23 Section 5.1 No Implied Duty 31 23 Section 5.2 Appointment of Agents and Advisors 32 23 Section 5.3 Other Agreements 32 24 Section 5.4 Solicitation of Instructions 32 24 Section 5.5 Limitation of Liability 33 24 Section 5.6 Documents in Satisfactory Form 33 25 Section 5.7 Entitled to Rely 34 25 Section 5.8 Parity Lien Secured Debt Default 34 25 Section 5.9 Actions by Collateral Trustee 34 26 Section 5.10 Security or Indemnity in favor of the Collateral Trustee 35 26 Section 5.11 Rights of the Collateral Trustee 35 26 Section 5.12 Limitations on Duty of Collateral Trustee in Respect of Collateral 35 26 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 3727

Appears in 1 contract

Samples: Collateral Trust Agreement (Endo International PLC)

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