Agent’s Reliance. Notwithstanding any other provisions of this Agreement or any other Loan Documents, neither the Agent nor any of its directors, officers, agents, employees or counsel shall be liable for any action taken or not taken by it under or in connection with this Agreement or any other Loan Document, except for its or their own gross negligence or willful misconduct in connection with its duties expressly set forth herein or therein. Without limiting the generality of the foregoing, the Agent: may consult with legal counsel (including its own counsel or counsel for the Borrower or any other Loan Party), independent public accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts. Neither the Agent nor any of its directors, officers, agents, employees or counsel: (a) makes any warranty or representation to any Lender or any other Person and shall be responsible to any Lender or any other Person for any statement, warranty or representation made or deemed made by the Borrower, any other Loan Party or any other Person in or in connection with this Agreement or any other Loan Document; (b) shall have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this Agreement or any other Loan Document or the satisfaction of any conditions precedent under this Agreement or any Loan Document on the part of the Borrower or other Persons or inspect the property, books or records of the Borrower or any other Person; (c) shall be responsible to any Lender for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other Loan Document, any other instrument or document furnished pursuant thereto or any collateral covered thereby or the perfection or priority of any Lien in favor of the Agent on behalf of the Lenders in any such collateral; (d) shall have any liability in respect of any recitals, statements, certifications, representations or warranties contained in any of the Loan Documents or any other document, instrument, agreement, certificate or statement delivered in connection therewith; and (e) shall incur any liability under or in respect of this Agreement or any other Loan Document by acting upon any notice, consent, certificate or other instrument or writing (which may be by telephone, telecopy or electronic mail) believed by it to be genuine and signed, sent or given by the proper party or parties. The Agent may execute any of its duties under the Loan Documents by or through agents, employees or attorneys-in-fact and shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects in the absence of gross negligence or willful misconduct.
Appears in 4 contracts
Samples: Credit Agreement (Regency Centers Lp), Credit Agreement (Regency Centers Lp), Credit Agreement (Regency Centers Corp)
Agent’s Reliance. Notwithstanding any other provisions of this Agreement or any other Loan Documents, neither the Agent nor any of its directors, officers, agents, employees or counsel shall be liable for any action taken or not taken by it under or in connection with this Agreement or any other Loan Document, except for its or their own gross negligence or willful misconduct in connection with its duties expressly set forth herein or therein. Without limiting the generality of the foregoing, the Agent: may consult with legal counsel (including its own counsel or counsel for the Borrower or any other Loan Party), independent public accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts. Neither the Agent nor any of its directors, officers, agents, employees or counsel: (a) makes any warranty or representation to any Lender or any other Person and shall be responsible to any Lender or any other Person for any statement, warranty or representation made or deemed made by the Borrower, any other Loan Party or any other Person in or in connection with this Agreement or any other Loan Document; (b) shall have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this Agreement or any other Loan Document or the satisfaction of any conditions precedent under this Agreement or any Loan Document on the part of the Borrower or other Persons or inspect the property, books or records of the Borrower or any other Person; (c) shall be responsible to any Lender for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other Loan Document, any other instrument or document furnished pursuant thereto or any collateral covered thereby or the perfection or priority of any Lien in favor of the Agent on behalf of the Lenders in any such collateralthereto; (d) shall have any liability in respect of any recitals, statements, certifications, representations or warranties contained in any of the Loan Documents or any other document, instrument, agreement, certificate or statement delivered in connection therewith; and (e) shall incur any liability under or in respect of this Agreement or any other Loan Document by acting upon any notice, consent, certificate or other instrument or writing (which may be by telephone, telecopy or electronic mail) believed by it to be genuine and signed, sent or given by the proper party or parties. The Agent may execute any of its duties under the Loan Documents by or through agents, employees or attorneys-in-fact and shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects in the absence of gross negligence or willful misconduct.
Appears in 3 contracts
Samples: Credit Agreement (Washington Real Estate Investment Trust), Term Loan Agreement (Washington Real Estate Investment Trust), Credit Agreement (Washington Real Estate Investment Trust)
Agent’s Reliance. Notwithstanding any other provisions of this Agreement or any other Loan Documents, neither Neither the Agent Agents nor any of its their directors, officers, agents, agents or employees or counsel shall be liable for any action taken or not omitted to be taken by it or them under or in connection with this Agreement or any other Loan Documentand the Notes, except for its or their own gross negligence or willful misconduct in connection with its duties expressly set forth herein or thereinmisconduct. Without limiting limitation of the generality of the foregoing, the Agents: (i) may treat the payee of any of the Notes as the holder thereof until the Documentation Agent receives written notice of the assignment or transfer thereof, signed by such payee and in form satisfactory to the Documentation Agent: ; (ii) may consult with legal counsel (including its own counsel or counsel for the Borrower or any other Loan PartyCompany), independent public accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken by it in good faith by it in accordance with the advice of such counsel, accountants or experts. Neither the Agent nor any of its directors, officers, agents, employees or counsel: ; (aiii) makes any no warranty or representation to any Lender or any other Person and shall not be responsible to any Lender or any other Person for any statementstatements, warranty warranties or representation representations made or deemed made by the Borrower, any other Loan Party or any other Person in or in connection with this Agreement or any other Loan Documentand the Notes; (biv) shall not have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this Agreement and the Notes or to inspect any other Loan Document or property (including the satisfaction of any conditions precedent under this Agreement or any Loan Document on the part books and records) of the Borrower or other Persons or inspect the property, books or records of the Borrower or any other PersonCompanies; (cv) shall not be responsible to any Lender for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement and the Notes or any other Loan Document, any other instrument or document furnished pursuant thereto or any collateral covered thereby or the perfection or priority of any Lien in favor of the Agent on behalf of the Lenders in any such collateral; (d) shall have any liability in respect of any recitals, statements, certifications, representations or warranties contained in any of the Loan Documents or any other document, instrument, agreement, certificate or statement delivered in connection therewiththereto; and (evi) shall incur any no liability under or in respect of to this Agreement or any other Loan Document and the Notes by acting upon any notice, consent, certificate or other instrument or writing (which may be by telephonefacsimile, telecopy telegram, cable or electronic mailtelex) believed by it to be genuine and signed, signed or sent or given by the proper party or parties. The Agent may execute any of its duties under the Loan Documents by or through agents, employees or attorneys-in-fact and shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects in the absence of gross negligence or willful misconduct.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Tidewater Inc), Revolving Credit and Term Loan Agreement (Tidewater Inc), Term Loan Agreement (Tidewater Inc)
Agent’s Reliance. Notwithstanding any other provisions of this Agreement or any other Loan Documents, neither Neither the Agent nor any of its directors, officers, agents, agents or employees or counsel shall be liable for any action taken or not omitted to be taken by it under or in connection with this Agreement Agreement, the Notes, the Collateral Documents or any the other Loan DocumentDocuments, except for its or their own gross negligence or willful misconduct in connection with its duties expressly set forth herein or thereinmisconduct. Without limiting the generality of the foregoing, the Agent: (i) may treat the payee of any of the Notes as the holder thereof until the Agent receives written notice of the assignment or transfer thereof, signed by such payee and in form satisfactory to the Agent; (ii) may consult with legal counsel (including its own counsel or counsel for the Borrower or any other Loan PartyBorrowers), independent public accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken by it in good faith by it in accordance with the advice of such counsel, accountants or experts. Neither the Agent nor any of its directors, officers, agents, employees or counsel: ; (aiii) makes any no warranty or representation to any Lender or any other Person Bank and shall not be responsible to any Lender or any other Person Bank for any statementstatements, warranty warranties or representation representations made or deemed made by the Borrower, any other Loan Party or any other Person in or in connection with this Agreement or any Agreement, the Notes, the Collateral Documents and the other Loan DocumentDocuments; (biv) shall not have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this Agreement Agreement, the Notes, the Collateral Documents or any the other Loan Document Documents, or to inspect any property (including the satisfaction of any conditions precedent under this Agreement or any Loan Document on the part books and records) of the Borrower or other Persons or inspect the property, books or records of the Borrower or any other PersonBorrowers; (cv) shall not be responsible to any Lender Bank for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement Agreement, the Notes, the Collateral Documents or any the other Loan Document, any other instrument or document furnished pursuant thereto or any collateral covered thereby or the perfection or priority of any Lien in favor of the Agent on behalf of the Lenders in any such collateral; (d) shall have any liability in respect of any recitals, statements, certifications, representations or warranties contained in any of the Loan Documents or any other document, instrument, agreement, certificate or statement delivered in connection therewithDocuments; and (evi) shall incur any no liability under or in respect of to this Agreement Agreement, the Notes, the Collateral Documents or any the other Loan Document Documents by acting upon any notice, consent, certificate or other instrument or writing (which may be by telephonefacsimile, telecopy telegram, cable or electronic mailtelex) believed by it to be genuine and signed, signed or sent or given by the proper party or parties. The Agent may execute any of its duties under the Loan Documents by or through agents, employees or attorneys-in-fact and shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects in the absence of gross negligence or willful misconduct.
Appears in 2 contracts
Samples: Credit Agreement (Hornbeck Offshore Services Inc /La), Credit Agreement (Hornbeck Leevac Marine Services Inc)
Agent’s Reliance. Notwithstanding any other provisions of this Agreement or any other Loan Documents, neither the Agent nor any of its directors, officers, agents, employees or counsel shall not be liable for any action taken or not omitted to be taken by it under or in connection with this Agreement Agreement, the Notes, any Purchase Notice, any Release, or any Collateral Document or any other Loan Document, except for its or their own gross negligence or willful misconduct in connection with its duties expressly set forth herein or thereinmisconduct. Without limiting the generality of the foregoing, the Agent: (a) may treat the payee of any Note as the holder thereof until Agent receives and accepts an assignment and acceptance entered into by the Lender which is the payee of such Note, as assignor, and an assignee as provided in Section 11.8; (b) may consult with legal counsel (including its own counsel or counsel for the Borrower or any other Loan Party)counsel, independent public accountants accountants, and other experts selected by it them and shall not be liable for any action taken or omitted to be taken in good faith by it Agent in accordance with the advice of such counsel, accountants accountants, or experts. Neither the Agent nor any of its directors, officers, agents, employees or counsel: ; (ac) makes any no warranty or representation to any Lender or any other Person and shall not be responsible to any Lender or any other Person for any statementstatements, warranty warranties, or representation representations made or deemed made by the Borrower, any other Loan Party or any other Person in or in connection with this Agreement Agreement, the Notes, or any Collateral Document or any other Loan DocumentDocument ; (bd) shall not have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants covenants, or conditions of this Agreement Agreement, the Notes, or any of the Collateral Documents or any other Loan Document or the satisfaction of any conditions precedent under this Agreement or any Loan Document Documents on the part of any Person party hereto or thereto or to inspect any asset (including the Borrower or other Persons or inspect the property, books or records and records) of the Borrower or any other Personof its Subsidiaries; (ce) shall not be responsible to any Lender for the due execution, legality, validity, enforceability, genuineness, sufficiency sufficiency, or value of this Agreement Agreement, the Notes, or any Collateral Document or any other Loan Document, or any other instrument or document furnished pursuant thereto hereto or any collateral covered thereby or the perfection or priority of any Lien in favor of the Agent on behalf of the Lenders in any such collateralthereto; (d) shall have any liability in respect of any recitals, statements, certifications, representations or warranties contained in any of the Loan Documents or any other document, instrument, agreement, certificate or statement delivered in connection therewith; and (ef) shall incur any no liability under or in respect of this Agreement Agreement, the Notes, or any Collateral Document or any other Loan Document by acting upon any notice, consent, certificate certificate, or other instrument or writing (which may be by telephonetelegram, telecopy cable, telefacsimile, or electronic mailtelex) believed by it them to be genuine and signed, signed or sent or given by the proper party Person or parties. The Agent Persons; and (g) may execute any of its duties under the Loan Documents by or through agentsand deliver, employees or attorneys-in-fact and shall not be responsible for incur no liability under or in respect to this Agreement, the negligence Notes, or misconduct any Collateral Document by executing and delivering, or executing or delivering any other document, instrument or agreement releasing any Collateral in connection with such execution and delivery of, a Release in respect of any agent or attorney-in-fact that it selects in the absence of gross negligence or willful misconductPurchase Notice received by it.
Appears in 2 contracts
Samples: Credit Agreement (Unified Western Grocers Inc), Credit Agreement (Unified Western Grocers Inc)
Agent’s Reliance. Notwithstanding any other provisions of this Agreement or any other Loan Documents, neither the Neither Agent nor any of its Affiliates nor any of their respective directors, officers, agents, agents or employees or counsel shall be liable for any action taken or not omitted to be taken by it or them under or in connection with this Agreement or any the other Loan DocumentDocuments, except for damages caused by its or their own gross negligence or willful misconduct in connection with its duties expressly set forth herein or thereinmisconduct. Without limiting the generality of the foregoing, Agent, as applicable: (a) may treat the payee of any Note as the holder thereof until Agent receives written notice of the assignment or transfer thereof signed by such payee and in form satisfactory to Agent: ; (b) may consult with legal counsel (including its own counsel or counsel for the Borrower or any other Loan Party)counsel, independent public accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken by it in good faith by it in accordance with the advice of such counsel, accountants or experts. Neither the Agent nor any of its directors, officers, agents, employees or counsel: ; (ac) makes any no warranty or representation to any Lender or any other Person and shall not be responsible to any Lender or any other Person for any statementstatements, warranty warranties or representation representations made or deemed made by the Borrower, any other Loan Party or any other Person in or in connection with this Agreement or any the other Loan DocumentDocuments; (bd) shall not have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this Agreement or any the other Loan Document or the satisfaction of any conditions precedent under this Agreement or any Loan Document Documents on the part of the Borrower any Credit Party or other Persons or to inspect the property, Collateral (including the books or records and records) of the Borrower or any other PersonCredit Party; (ce) shall not be responsible to any Lender for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any the other Loan Document, Documents or any other instrument or document furnished pursuant thereto hereto or any collateral covered thereby or the perfection or priority of any Lien in favor of the Agent on behalf of the Lenders in any such collateral; (d) shall have any liability in respect of any recitals, statements, certifications, representations or warranties contained in any of the Loan Documents or any other document, instrument, agreement, certificate or statement delivered in connection therewiththereto; and (ef) shall incur any no liability under or in respect of this Agreement or any the other Loan Document Documents by acting upon any notice, consent, certificate or other instrument or writing (which may be by telephonefacsimile, telecopy telegram, cable or electronic mailtelex) believed by it to be genuine and signed, signed or sent or given by the proper party or parties. The Agent may execute any of its duties under the Loan Documents by or through agents, employees or attorneys-in-fact and shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects in the absence of gross negligence or willful misconduct.
Appears in 2 contracts
Samples: Credit Agreement (Western Digital Corp), Credit Agreement (Western Digital Corp)
Agent’s Reliance. Notwithstanding any other provisions of this Agreement or any other Loan DocumentsEtc. NEITHER THE AGENT NOR ANY OF ITS DIRECTORS, neither the Agent nor any of its directorsOFFICERS, officersAGENTS OR EMPLOYEES SHALL BE LIABLE FOR ANY ACTION TAKEN OR OMITTED TO BE TAKEN BY IT OR THEM UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE OTHER OPERATIVE DOCUMENTS, agentsEXCEPT FOR ITS OR THEIR OWN GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, employees or counsel shall be liable for any action taken or not taken by it under or in connection with this Agreement or any other Loan Document, except for its or their own gross negligence or willful misconduct in connection with its duties expressly set forth herein or thereinIT BEING THE INTENT THAT SUCH PERSONS SHALL NOT BE LIABLE FOR ANY SUCH ACTION OR INACTION THAT CONSTITUTES ORDINARY NEGLIGENCE. Without limiting the generality of the foregoing, the Agent: (i) may consult with legal counsel (including its own counsel or counsel for the Borrower or any other Loan Party)counsel, independent public accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts. Neither the Agent nor any of its directors, officers, agents, employees or counsel: ; (aii) makes any no warranty or representation to any Lender Note or any other Person Certificate Purchaser and shall not be responsible to any Lender Note or any other Person Certificate Purchaser for any statementstatements, warranty warranties or representation representations made or deemed made by the Borrower, any other Loan Party or any other Person in or in connection with this Agreement or any the other Loan DocumentOperative Documents; (biii) shall not have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this Agreement or any the other Loan Document or the satisfaction of any conditions precedent under this Agreement or any Loan Document Operative Documents on the part of the Borrower Company or other Persons or to inspect the property, property (including the books or records and records) of the Borrower or any other PersonCompany; (civ) shall not be responsible to any Lender Note or Certificate Purchaser for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any the other Loan Document, Operative Documents or any other instrument or document furnished pursuant thereto or any collateral covered thereby or the perfection or priority of any Lien in favor of the Agent on behalf of the Lenders in any such collateral; (d) shall have any liability in respect of any recitals, statements, certifications, representations or warranties contained in any of the Loan Documents or any other document, instrument, agreement, certificate or statement delivered in connection therewithhereto; and (ev) shall incur any no liability under or in respect of this Agreement or any the other Loan Document Operative Documents by acting upon any notice, consent, certificate or other instrument or writing (which may be by telephone, telecopy or electronic mail) in accordance with the terms hereof believed by it to be genuine and signed, signed or sent or given by the proper party or parties. The Agent may execute any of its duties under the Loan Documents by or through agents, employees or attorneys-in-fact and shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects in the absence of gross negligence or willful misconduct.
Appears in 1 contract
Samples: Participation Agreement (Ferro Corp)
Agent’s Reliance. Notwithstanding any other provisions of this Agreement or any other Loan Documents, neither of the Agent Agents nor any of its directors, officers, agents, employees or counsel their respective Related Parties shall be liable for any action taken or not taken by it under or in connection with this Agreement or any other Loan Document, except for its or their own gross negligence or willful misconduct in connection with its duties expressly set forth herein or thereintherein as determined by a court of competent jurisdiction in a final non-appealable judgment. Without limiting the generality of the foregoing, the Agent: Agents may consult with legal counsel (including its own counsel or counsel for the Borrower or any other Loan Party), independent public accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts. Neither of the Agent Agents nor any of its directors, officers, agents, employees or counseltheir respective Related Parties: (a) makes any warranty or representation to any Lender Lender, any Issuing Bank or any other Person and Person, or shall be responsible to any Lender Lender, any Issuing Bank or any other Person for any statement, warranty or representation made or deemed made by the Borrower, any other Loan Party or any other Person in or in connection with this Agreement or any other Loan Document; (b) shall have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this Agreement or any other Loan Document or the satisfaction of any conditions precedent under this Agreement or any Loan Document on the part of the Borrower or other Persons (other than, in the case of the satisfaction of any conditions precedent, confirmation of receipt of items expressly required to be delivered to the Administrative Agent), or to inspect the property, books or records of the Borrower or any other Person; (c) shall be responsible to any Lender or any Issuing Bank for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other Loan Document, any other instrument or document furnished pursuant thereto or any collateral covered thereby or the perfection or priority of any Lien in favor of the Collateral Agent on behalf of the Lenders Lenders, the Issuing Banks and the Specified Derivatives Providers in any such collateral; (d) shall have any liability in respect of any recitals, statements, certifications, representations or warranties contained in any of the Loan Documents or any other document, instrument, agreement, certificate or statement delivered in connection therewith; and (e) shall incur any liability under or in respect of this Agreement or any other Loan Document by acting upon any notice, consent, certificate or other instrument or writing (which may be by telephone, telecopy or electronic mail) believed by it to be genuine and signed, sent or given by the proper party or parties. The Agent Each of the Agents may execute any of its duties under the Loan Documents by or through agents, employees or attorneys-in-fact and shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects in the absence of gross negligence or willful misconductmisconduct in the selection of such agent or attorney-in-fact as determined by a court of competent jurisdiction in a final non-appealable judgment.
Appears in 1 contract
Agent’s Reliance. Notwithstanding any other provisions of this Agreement or any other Loan Documents, neither Neither the Agent nor any of its directors, officers, agents, agents or employees or counsel shall be liable for any action taken or not omitted to be taken by it or them under or in connection with this Agreement or any other Loan DocumentAgreement, except for its or their own gross negligence or willful misconduct in connection with its duties expressly set forth herein or thereinmisconduct. Without limiting limitation of the generality of the foregoing, the Agent: (1) may treat the payee of any Note as the holder thereof; (2) may consult with legal counsel (including its own counsel or counsel for the Borrower or any other Loan PartyBorrower), independent public accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts. Neither the Agent nor any of its directors, officers, agents, employees or counsel: ; (a3) makes any no warranty or representation to any Lender or any other Person Bank and shall not be responsible to any Lender or any other Person Bank for any statementstatements, warranty warranties or representation representations (whether written or oral) made or deemed made by the Borrower, any other Loan Party or any other Person in or in connection with this Agreement or any other Loan Document; (b4) shall not have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this Agreement or any other Loan Document or the satisfaction of any conditions precedent under this Agreement or any Loan Document on the part of the Borrower or any other Persons Loan Party or to inspect the property, property (including the books or records and records) of the Borrower or any other PersonLoan Party; (c5) shall not be responsible to any Lender Bank for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or Agreement, any other Loan Document, Document or any other instrument or document furnished pursuant thereto or any collateral covered thereby or the perfection or priority of any Lien in favor of the Agent on behalf of the Lenders in any such collateral; (d) shall have any liability in respect of any recitals, statements, certifications, representations or warranties contained in any of the Loan Documents or any other document, instrument, agreement, certificate or statement delivered in connection therewithhereto; and (e6) shall incur any no liability under or in respect of this Agreement or any other Loan Document by acting upon any notice, consent, certificate or other instrument or writing (which may be by telephonetelecopier, telecopy telegram, cable or electronic mailtelex) reasonably believed by it to be genuine and signed, signed or sent or given by the proper party or parties. The Agent may execute any of its duties under the Loan Documents by or through agents, employees or attorneys-in-fact and shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects in the absence of gross negligence or willful misconduct.
Appears in 1 contract
Samples: Credit Agreement (Microdyne Corp)
Agent’s Reliance. Notwithstanding any other provisions of this Agreement or any other Loan Documents, neither the Agent nor any of its directors, officers, agents, employees or counsel shall be liable for any action taken or not taken by it under or in connection with this Agreement or any other Loan Document, except for its or their own gross negligence or willful misconduct in connection with its duties expressly set forth herein or thereintherein as determined by a court of competent jurisdiction in a final non-appealable judgment. Without limiting the generality of the foregoing, the Agent: Agent may consult with legal counsel (including its own counsel or counsel for the Borrower or any other Loan PartyObligor), independent public accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts. Neither the Agent nor any of its directors, officers, agents, employees or counsel: (a) makes any warranty or representation to any Lender or any other Person and Person, or shall be responsible to any Lender or any other Person for any statement, warranty or representation made or deemed made by the Borrower, any other Loan Party Obligor or any other Person in or in connection with this Agreement or any other Loan Document; (b) shall have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this Agreement or any other Loan Document or the satisfaction of any conditions precedent under this Agreement or any Loan Document on the part of the Borrower or other Persons Persons, or to inspect the property, books or records of the Borrower or any other Person; (c) shall be responsible to any Lender for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other Loan Document, any other instrument or document furnished pursuant thereto or any collateral covered thereby or the perfection or priority of any Lien in favor of the Agent on behalf of the Lenders in any such collateralthereto; (d) shall have any liability in respect of any recitals, statements, certifications, representations or warranties contained in any of the Loan Documents or any other document, instrument, agreement, certificate or statement delivered in connection therewith; and (e) shall incur any liability under or in respect of this Agreement or any other Loan Document by acting upon any notice, consent, certificate or other instrument or writing (which may be by telephone, telecopy or electronic mail) believed by it to be genuine and signed, sent or given by the proper party or parties. The Agent may execute any of its duties under the Loan Documents by or through agents, employees or attorneys-in-fact and shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects in the absence of gross negligence or willful misconductmisconduct as determined by a court of competent jurisdiction in a final non-appealable judgment.
Appears in 1 contract
Agent’s Reliance. Notwithstanding any other provisions None of this Agreement the Agent, its agents or any other Loan Documents, neither the Agent nor any of its directors, officers, agents, employees or counsel their respective Affiliates shall be liable for any action taken or not omitted to be taken by it any of them under or in connection with this Agreement or any other Loan Documentthe Credit Documents, except that each shall be liable for its or their own gross negligence or willful misconduct in connection with its duties expressly set forth herein or thereinas finally determined by a court of competent jurisdiction. Without limiting the generality of the foregoing, the Agent: (a) may treat the payee of any Note as the holder thereof until the Agent receives written notice of the assignment or transfer thereof signed by such payee and in form satisfactory to the Agent; (b) may consult with legal counsel (including its own counsel or counsel for the Borrower or any other Loan PartyBorrowers), independent public accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts. Neither the Agent nor any of its directors, officers, agents, employees or counsel: ; (ac) makes any no representation or warranty or representation to any Lender or any other Person and shall not be responsible to any Lender or any other Person for any statementstatements, warranty representations or representation warranties made or deemed made by the Borrower, any other Loan Party or any other Person in or in connection with this Agreement or any other Loan Documentthe Credit Documents; (bd) shall not have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this Agreement the Credit Documents or to inspect the books and records or any other Loan Document or the satisfaction of any conditions precedent under this Agreement or any Loan Document on the part property of the Borrower Borrowers, Guarantors or other Persons or inspect the property, books or records of the Borrower or any other Persontheir Subsidiaries; (ce) shall not be responsible to any Lender for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement any Credit Document or any other Loan Document, any other document or instrument or document furnished pursuant thereto thereto, or any collateral covered thereby or for the perfection or priority failure of any Lien in favor of the Agent on behalf of the Lenders in Person to perform its obligations under any such collateral; (d) shall have any liability in respect of any recitals, statements, certifications, representations or warranties contained in any of the Loan Documents or any other document, instrument, agreement, certificate or statement delivered in connection therewithCredit Document; and (ef) shall incur any no liability under or in respect of this Agreement or any other Loan Credit Document or otherwise by acting upon any notice, consent, waiver, certificate or other writing or instrument or writing (which may be by telephoneincluding facsimiles, telecopy or electronic mailtelexes, telegrams and cables) believed by it to be genuine and signed, signed or sent or given by the proper party Person or parties. The Agent may execute any of its duties under the Loan Documents by or through agents, employees or attorneys-in-fact and shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects in the absence of gross negligence or willful misconductPersons.
Appears in 1 contract
Samples: Credit Agreement (Cais Internet Inc)
Agent’s Reliance. Notwithstanding any other provisions of this Agreement No Agent or any other Loan Documents, neither the Agent nor any of its directors, officers, agents, attorneys, or employees or counsel shall be liable for any action taken or not omitted to be taken by it any of them under or in connection with this Agreement or the Loan Documents, including their negligence of any other Loan Documentkind, except that each shall be liable for its or their own gross negligence or willful misconduct in connection with its duties expressly set forth herein or thereinmisconduct. Without limiting the generality of the foregoing, each Agent:
(a) may treat the payee of any Note as the holder thereof until Administrative Agent receives written notice of the assignment or transfer thereof in accordance with this Agreement, signed by such payee and in form satisfactory to Administrative Agent: ;
(b) may consult with legal counsel (including its own counsel or counsel for the Borrower or any other Loan PartyBorrower), independent public accountants and other experts selected by it such Agent and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts. Neither the Agent nor any of its directors, officers, agents, employees or counsel: ;
(ac) makes any no warranty or representation to any Lender or any other Person Agent and shall not be responsible to any Lender or any other Person Agent for any statementstatements, warranty warranties or representation representations made or deemed made by the Borrower, any other Loan Party or any other Person in or in connection with this Agreement or the Loan Documents by any other Loan Document; Person;
(bd) shall not have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this Agreement or any other the Loan Document or the satisfaction of any conditions precedent under this Agreement or any Loan Document Documents on the part of the Borrower any Designated Entity or other Persons or to inspect the property, property (including the books or records and records) of the Borrower or any other Person; Designated Entity;
(ce) shall not be responsible to any Lender or any other Agent for the due executionexecution (other than its own due execution and delivery), legality, validity, enforceability, genuineness, existence, sufficiency or value of this Agreement any Loan Document or any other Loan Document, any other instrument or document furnished pursuant thereto in connection herewith, or any collateral covered thereby or collateral;
(f) may rely upon the perfection or priority representations and warranties of any Lien in favor of the Agent on behalf of Designated Entity and the Lenders in any such collateral; exercising its powers hereunder;
(dg) shall have any liability in respect not be responsible for the satisfaction of any recitalscondition specified in Article 3, statements, certifications, representations or warranties contained in any except receipt by such Agent of the Loan Documents or any other document, instrument, agreement, certificate or statement items required to be delivered in connection therewithto such Agent; and and
(eh) shall incur any no liability under or in respect of this Agreement or any other the Loan Document Documents by acting upon any notice, consent, certificate or other instrument or writing (which may be by telephoneincluding any telecopy, telecopy telegram, cable or electronic mailtelex) believed by it to be genuine and signed, signed or sent or given by the proper party Person or parties. The Agent may execute any of its duties under the Loan Documents by or through agents, employees or attorneys-in-fact and shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects in the absence of gross negligence or willful misconductPersons.
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Agent’s Reliance. Notwithstanding any other provisions of this Agreement or any other Loan Documents, neither the Agent nor any of its directors, officers, agents, employees or counsel shall be liable for any action taken or not taken by it under or in connection with this Agreement or any other Loan Document, except for its or their own gross negligence or willful misconduct in connection with its duties expressly set forth herein or therein. Without limiting the generality of the foregoing, the Agent: may consult with legal counsel (including its own counsel or counsel for the Borrower or any other Loan Party), independent public accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts. Neither the Agent nor any of its directors, officers, agents, employees or counsel: (a) makes any warranty or representation to any Lender or any other Person and shall be responsible to any Lender or any other Person for any statement, warranty or representation made or deemed made by the Borrower, any other Loan Party or any other Person in or in connection with this Agreement or any other Loan Document; (b) shall have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this Agreement or any other Loan Document or the satisfaction of any conditions precedent under this Agreement or any Loan Document on the part of the Borrower or other Persons or inspect the property, books or records of the Borrower or any other Person; (c) shall be responsible to any Lender for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other Loan Document, any other instrument or document furnished pursuant thereto or any collateral Collateral covered thereby or the perfection or priority of any Lien in favor of the Agent on behalf of the Lenders in any such collateralCollateral; (d) shall have any liability in respect of any recitals, statements, certifications, representations or warranties contained in any of the Loan Documents or any other document, instrument, agreement, certificate or statement delivered in connection therewith; and (e) shall incur any liability under or in respect of this Agreement or any other Loan Document by acting upon any notice, consent, certificate or other instrument or writing (which may be by telephone, telecopy or electronic mail) believed by it to be genuine and signed, sent or given by the proper party or parties. The Agent may execute any of its duties under the Loan Documents by or through agents, employees or attorneys-in-fact and shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects in the absence of gross negligence or willful misconduct.
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Agent’s Reliance. Notwithstanding any other provisions of this Agreement No Agent or any other Loan Documents, neither the Agent nor any of its their respective directors, officers, agents, attorneys, or employees or counsel shall be liable for any action taken or not omitted to be taken by it any of them under or in connection with this Agreement or the Loan Documents, including their negligence of any other Loan Documentkind, except that each shall be liable for its or their own gross negligence or willful misconduct in connection with its duties expressly set forth herein or thereinmisconduct. Without limiting the generality of the foregoing, each Agent:
(a) may treat the payee of any Note as the holder thereof until Administrative Agent receives written notice of the assignment or transfer thereof in accordance with this Agreement, signed by such payee and in form satisfactory to Administrative Agent: ;
(b) may consult with legal counsel (including its own counsel or counsel for the Borrower or any other Loan PartyBorrower), independent public accountants and other experts selected by it such Agent and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts. Neither the Agent nor any of its directors, officers, agents, employees or counsel: ;
(ac) makes any no warranty or representation to any Lender or to any other Person Agent and shall not be responsible to any Lender or any other Person Agent for any statementstatements, warranty warranties or representation representations made or deemed made by the Borrower, any other Loan Party or any other Person in or in connection with this Agreement or the Loan Documents by any other Loan Document; Person;
(bd) shall not have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this Agreement or any other the Loan Document or the satisfaction of any conditions precedent under this Agreement or any Loan Document Documents on the part of the Borrower any Designated Entity or other Persons or to inspect the property, property (including the books or records and records) of the Borrower or any other Person; Designated Entity;
(ce) shall not be responsible to any Lender or to any other Agent for the due executionexecution (other than its own due execution and delivery), legality, validity, enforceability, genuineness, existence, sufficiency or value of this any Loan Document, the Credit Facility Agreement or any other Loan Document, any other instrument or document furnished pursuant thereto in connection herewith, or any collateral covered thereby or collateral;
(f) may rely upon the perfection or priority representations and warranties of any Lien in favor of the Agent on behalf of Designated Entity and the Lenders in any such collateral; exercising its powers hereunder;
(dg) shall have any liability in respect not be responsible for the satisfaction of any recitalscondition specified in Article 3, statements, certifications, representations or warranties contained in any except receipt by an Agent of the Loan Documents or any other document, instrument, agreement, certificate or statement items required to be delivered in connection therewithto such Agent; and and
(eh) shall incur any no liability under or in respect of this Agreement or any other the Loan Document Documents by acting upon any notice, consent, certificate or other instrument or writing (which may be by telephoneincluding any telecopy, telecopy telegram, cable or electronic mailtelex) believed by it to be genuine and signed, signed or sent or given by the proper party Person or parties. The Agent may execute any of its duties under the Loan Documents by or through agents, employees or attorneys-in-fact and shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects in the absence of gross negligence or willful misconductPersons.
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Samples: Credit Facility Agreement (Pioneer Natural Resources Co)
Agent’s Reliance. Notwithstanding any other provisions of this Agreement or any other Loan Documents, neither the Agent nor any of its directors, officers, agents, employees or counsel shall be liable for any action taken or not taken by it under or in connection with this Agreement or any other Loan Document, except for its or their own gross negligence or willful misconduct in connection with its duties expressly set forth herein or therein. Without limiting the generality of the foregoing, the Agent: Agent may consult with legal counsel (including its own counsel or counsel for the Borrower Borrower, the REIT, MHC Trust or any other Loan PartyT1000 Trust), independent public accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts. Neither the Agent nor any of its directors, officers, agents, employees or counsel: (a) makes any warranty or representation to any Lender or any other Person and nor shall be responsible to any Lender or any other Person for any statement, warranty or representation made or deemed made by the Borrower, any other Loan Party the REIT, MHC Trust or T1000 Trust or any other Person in or in connection with this Agreement or any other Loan Document; (b) shall have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this Agreement or any other Loan Document or the satisfaction of any conditions precedent under this Agreement or any Loan Document on the part of the Borrower or other Persons or inspect the property, books or records of the Borrower or any other Person; (c) shall be responsible to any Lender for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other Loan Document, any other instrument or document furnished pursuant thereto or any collateral covered thereby or the perfection or priority of any Lien lien in favor of the Agent on behalf of the Lenders in any such collateral; (d) shall have any liability in respect of any recitals, statements, certifications, representations or warranties contained in any of the Loan Documents or any other document, instrument, agreement, certificate or statement delivered in connection therewith; and (e) shall incur any liability under or in respect of this Agreement or any other Loan Document by acting upon any notice, consent, certificate or other instrument or writing (which may be by telephone, telecopy or electronic mail) believed by it to be genuine and signed, sent or given by the proper party or parties. The Agent may execute any of its duties under the Loan Documents by or through agents, employees or attorneys-in-fact and shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects in the absence of gross negligence or willful misconduct.
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