Common use of Duties of the Collateral Agent Clause in Contracts

Duties of the Collateral Agent. The Collateral Agent, both prior to the occurrence of a Termination Event or Wind-Down Event hereunder and after a Termination Event or Wind-Down Event shall have been cured or waived, shall undertake to perform such duties and only such duties as are specifically set forth in this Agreement. The Collateral Agent shall at all times after the occurrence of a Termination Event or Wind-Down Event which has not been cured or waived exercise such of the rights and powers vested in it pursuant to this Agreement using the same degree of care and skill as a prudent person would exercise or use in the conduct of his or her own affairs. All Collections received by the Collateral Agent from the Servicer or otherwise will, pending remittance to the Secured Party entitled thereto, be held in trust by the Collateral Agent for the benefit of the Secured Parties and together with all other payment obligations of the Debtor hereunder owing to the Secured Parties shall be payable to the Secured Parties in accordance with the provisions of Article V hereof.

Duties of the Collateral Agent. The Secured Parties hereby ------------------------------ appoint Bank One to act solely on their behalf as Collateral Agent hereunder, and Bank One hereby accepts such appointment. The Collateral Agent, both prior to the occurrence of a Termination Event or Wind-Down Event hereunder and after a Termination Event or Wind-Down Event shall have been cured or waived, shall undertake to perform such duties and only such duties as are specifically set forth in this Agreement. The Collateral Agent shall at all times after the occurrence of a Termination Event or Wind-Down Event which has not been cured or waived exercise such of the rights and powers vested in it pursuant to this Agreement using the same degree of care and skill as a prudent person would exercise or use in the conduct of his or her own affairs. All Collections received by the Collateral Agent from the Servicer Collection Agent or otherwise will, pending remittance to the Secured Party entitled thereto, be held in trust by the Collateral Agent for the benefit of the Secured Parties and together with all other payment obligations of the Debtor hereunder owing to the Secured Parties shall be payable to the Secured Parties in accordance with the provisions of Article V III hereof.

Duties of the Collateral Agent. The Secured Parties hereby ------------------------------ appoint The Chase Manhattan Bank to act solely on their behalf as Collateral Agent hereunder, and The Chase Manhattan Bank hereby accepts such appointment. The Collateral Agent, both prior to the occurrence of a Termination Event or Wind-Down and Amortization Event hereunder and after a Termination Event or Wind-Down and Amortization Event shall have been cured or waived, shall undertake to perform such duties and only such duties as are specifically set forth in this Agreement. The Collateral Agent shall at all times after the occurrence of a Termination Event or Wind-Down and Amortization Event which has not been cured or waived exercise such of the rights and powers vested in it pursuant to this Agreement using the same degree of care and skill as a prudent person would exercise or use in the conduct of his or her own affairs. All Collections received by the Collateral Agent from the Servicer or otherwise will, pending remittance to the Secured Party Parties entitled thereto, be held in trust by the Collateral Agent for the benefit of the Secured Parties and together with all other payment obligations of the Debtor hereunder owing to the Secured Parties shall be payable to the Secured Parties in accordance with the provisions of Article V III hereof.

Duties of the Collateral Agent. The Secured Parties hereby appoint Bank of America to act solely on their behalf as Collateral Agent hereunder, and Bank of America hereby accepts such appointment. The Collateral Agent, both prior to the occurrence of a Termination Event or Wind-Down Event hereunder and after a Termination Event or Wind-Down Event shall have been cured or waived, shall undertake to perform such duties and only such duties as are specifically set forth in this Agreement. The Collateral Agent shall at all times after the occurrence of a Termination Event or Wind-Down Event which has not been cured or waived exercise such of the rights and powers vested in it pursuant to this Agreement using the same degree of care and skill as a prudent person would exercise or use in the conduct of his or her own affairs. All Collections received by the Collateral Agent from the Servicer Collection Agent or otherwise will, pending remittance to the Secured Party entitled thereto, be held in trust by the Collateral Agent for the benefit of the Secured Parties and together with all other payment obligations of the Debtor hereunder owing to the Secured Parties shall be payable to the Secured Parties in accordance with the provisions of Article V II hereof.

Duties of the Collateral Agent. The Secured Parties hereby appoint Xxxxx Fargo to act solely on their behalf as Collateral Agent hereunder, and Xxxxx Fargo hereby accepts such appointment. The Collateral Agent, both prior to the occurrence of a Termination Event or Wind-Down Rapid Amortization Event hereunder and after a Termination Event or Wind-Down Rapid Amortization Event shall have been cured or waived, shall undertake to perform such duties and only such duties as are specifically set forth in this Agreement. The Collateral Agent shall at all times after the occurrence of a Termination Event or Wind-Down Rapid Amortization Event which has not been cured or waived exercise such of the rights and powers vested in it pursuant to this Agreement using the same degree of care and skill as a prudent person would exercise or use in the conduct of his or her own affairs. All Collections received by the Collateral Agent from the Servicer or otherwise will, pending remittance to the Secured Party entitled thereto, be held in trust by the Collateral Agent for the benefit of the Secured Parties and together with all other payment obligations of the Debtor Issuer hereunder owing to the Secured Parties shall be payable to the Secured Parties in accordance with the provisions of Article V III hereof.