Common use of Senior Collateral Agent Clause in Contracts

Senior Collateral Agent. The Senior Collateral Agent’s actions pursuant hereto are solely in its capacity as Senior Collateral Agent under the Senior Loan Documents, and are subject to the provisions of Article V and VII of the Senior Security Agreement and Article 8 and Section 9.16 of the Senior Loan Agreement. The Senior Collateral Agent shall have no obligations with respect to any Junior Secured Party or Junior Lien other than to distribute funds in accordance with Section 2(b). The Senior Collateral Agent shall have no obligations under this Agreement with respect to any Intercompany Lender other than as provided in the Senior Loan Documents and other than to distribute funds as provided therein. In no event will the Senior Collateral Agent or any Senior Secured Party be liable whatsoever for any act or omission on the part of Grandparent Holdco, any Junior Secured Party hereunder or any Intercompany Lender.