Common use of Duties of the Security Agent Clause in Contracts

Duties of the Security Agent. (a) The duties of the Security Agent under the Secured Finance Documents and this Agreement are solely mechanical and administrative in nature and shall in relation to this Agreement be limited to those expressly set forth in this Agreement. Except as specifically provided in the Debt Documents to which the Security Agent is a party, the Security Agent has no obligations of any kind to any other Party under or in connection with the Debt Documents.

Appears in 2 contracts

Samples: Intercreditor Agreement, Intercreditor Agreement

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Duties of the Security Agent. (a) 13.2.1 The duties of the Security Agent under the Secured Finance Documents and this Agreement are solely mechanical and administrative in nature and shall in relation to this Agreement be limited to those expressly set forth in this Agreementnature. Except as specifically provided in the Debt Secured Finance Documents to which the Security Agent is a party, the Security Agent has no obligations of any kind to any other Party under or in connection with the Debt Secured Finance Documents.

Appears in 2 contracts

Samples: Intercreditor Agreement, Intercreditor Agreement

Duties of the Security Agent. (a) The duties of the Security Agent under the Secured Senior Finance Documents and this Agreement are solely mechanical and administrative in nature and shall in relation to this Agreement be limited to those expressly set forth in this Agreementnature. Except as specifically provided in the Debt Documents to which the Security Agent is a party, the Security Agent has no obligations of any kind to any other Party under or in connection with the Debt Documents.

Appears in 1 contract

Samples: Intercreditor Agreement

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Duties of the Security Agent. (a) The duties of the Security Agent under the Secured Finance Documents and this Agreement are solely mechanical and administrative in nature and shall in relation to this Agreement be limited to those expressly set forth in this Agreementnature. Except as specifically provided in the Debt Documents to which the Security Agent is a party, the Security Agent has no obligations of any kind to any other Party under or in connection with the Debt Documents.

Appears in 1 contract

Samples: Intercreditor Agreement

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