Audiovox 2012 Annual Report Download - page 312

(ii) The Administrative Agent shall have its own independent right to demand payment of the amounts payable by each
Credit Party under this Section 9.30(b) irrespective of any discharge of such Credit Party's obligation to pay those amounts to
the other Secured Parties resulting from failure by them to take appropriate steps, in insolvency proceedings affecting that
Credit Party, to preserve their entitlement to be paid those amounts.
(iii) Any amount due and payable by a Credit Party to the Administrative Agent under this Section 9.30(b) shall be
decreased to the extent that the other Secured Parties have received (and are able to retain) payment in full of the corresponding
amount under the other provisions of the Credit Documents and any amount due and payable by a Credit Party to such other
Secured Parties under those provisions shall be decreased to the extent that the Administrative Agent has received (and is able to
retain) payment in full of the corresponding amount under this Section 9.30(b).
(iv) The rights of the Secured Parties (other than the Administrative Agent) to receive payment of amounts payable by
each Credit Party under the Credit Documents are several and are separate and independent from, and without prejudice to, the
rights of the Administrative Agent to receive payment under this Section 9.30(b).
(v) Notwithstanding the foregoing, any payment under the Credit Documents shall be made to the relevant Credit
Party as set out in the respective Credit Document, unless expressly stated otherwise in that Credit Document (save for this
Section 9.30(b)) or unless the relevant Credit Party directs such payment to be made to the Administrative Agent.
 
(a) The Administrative Agent will:
(i) hold and administer any German Security which is security assigned or otherwise transferred to it under a non
accessory security right () as trustee () for the benefit of the Secured Parties; and
(ii) administer () any German Security which is pledged ( ) or otherwise transferred to any or
each Secured Party under an accessory security right ( ).
(b) Each Secured Party authorizes the Administrative Agent (whether or not by or through employees or agents):
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