Common use of Actions by the Collateral Agent Clause in Contracts

Actions by the Collateral Agent. The obligations of the Collateral Agent hereunder are only those expressly set forth herein. The Collateral Agent shall be entitled to (but shall not be obligated to) take or refrain from taking any discretionary powers or actions under this Security Agreement or any other Credit Document unless and until the Collateral Agent shall have received the written direction to take or refrain from taking such action from the Required Lenders (or all of the Lenders with respect to actions which require unanimous approval of the Lenders). The Collateral Agent shall not be required to take any action hereunder if it shall reasonably determine that by so doing it may incur criminal or civil liability.

Actions by the Collateral Agent. The obligations of the Collateral Agent hereunder are only those expressly set forth herein. The Collateral Agent shall be entitled to (but shall not be obligated to) take or refrain from taking any discretionary powers or actions under this Security Agreement or any other Credit Document or the Indentures unless and until the Collateral Agent shall have received the written direction to take or refrain from taking such action from (i) the Required Lenders while no Event of Default exists, or (or all ii) the Majority Debtholders while an Event of the Lenders with respect to actions which require unanimous approval of the Lenders)Default exists. The Collateral Agent shall not be required to take any action hereunder if it shall reasonably determine that by so doing it may incur criminal or civil liability.

Actions by the Collateral Agent. The obligations of the Collateral Agent hereunder are only those expressly set forth herein. The Collateral Agent shall be entitled to (but shall not be obligated to) take or refrain from taking any discretionary powers or actions under this Security Agreement or any other Credit Document unless and until the Collateral Agent shall have received the written direction to take or refrain from taking such action from the Required Lenders (or all of the Lenders with respect to actions which require unanimous approval of the Lenders). The Collateral Agent shall not be required to take any action hereunder if it shall reasonably determine that by so doing it may incur criminal or civil liability.

Actions by the Collateral Agent. The obligations of the Collateral Agent hereunder are only those expressly set forth herein. The Collateral Agent shall be entitled to (but shall not be obligated to) take or refrain from taking any discretionary powers or actions under this Security Agreement or any other Credit Document unless and until the Collateral Agent shall have received the written direction to take or refrain from taking such action from the Required Lenders (or all of the Lenders with respect to actions which require unanimous approval of the Lenders). The Collateral Agent shall not be required to take any action hereunder if it shall reasonably determine that by so doing it may incur criminal or civil liability.. (c)