Common use of Secured Hedge Agreements Clause in Contracts

Secured Hedge Agreements. Except as otherwise expressly set forth herein or in any Guaranty or Collateral Document, no Hedge Bank that obtains the benefits of Section 9.10, any Guaranty or any Collateral by virtue of the provisions hereof or any Guaranty or any Collateral Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Section 9.11 to the contrary, none of the Administrative Agent or, as applicable, the Mexican Collateral Agent shall be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Secured Hedge Agreements unless the Administrative Agent or, as applicable, the Mexican Collateral Agent has received written notice of such Secured Obligations, together with such supporting documentation as the Administrative Agent or, as applicable, the Mexican Collateral Agent may request, from the applicable Hedge Bank.