Appointment of Co-Agents and Sub-Agents. The Collateral Agent may employ agents and appoint sub-agents or co-collateral agents as it determines appropriate in the performance of its duties hereunder. The Collateral Agent will exercise reasonable care in selecting any such agent, sub-agent or co-collateral agent but shall not otherwise be responsible or liable for any act or omission of any such agent, sub-agent or co-collateral agent.
Appears in 5 contracts
Samples: Intercreditor and Collateral Agency Agreement (Apria Healthcare Group Inc), Intercreditor and Collateral Agency Agreement (Am-Pac Tire Dist. Inc.), Intercreditor and Collateral Agency Agreement (Duane Reade)
Appointment of Co-Agents and Sub-Agents. The Collateral Agent may employ agents and appoint sub-agents agents, attorneys, custodians, nominees or co-collateral agents as it determines appropriate in the performance of its duties hereunder. The Collateral Agent will exercise reasonable care in selecting any such agent, sub-agent, attorney, custodian, nominee or co-collateral agent and in supervising the performance of any duties delegated to any such agent, sub-agent, attorney, custodian, nominee or co-collateral agent but shall not otherwise be responsible or liable for any act or omission of any such agent, sub-agent or co-collateral agent.
Appears in 2 contracts
Samples: Collateral Agency and Intercreditor Agreement (Trico Marine Services Inc), Collateral Agency and Intercreditor Agreement (Trico Marine Services Inc)
Appointment of Co-Agents and Sub-Agents. The Collateral Agent may employ agents and appoint sub-agents agents, attorneys, custodians, nominees or co-collateral agents as it determines appropriate in the performance of its duties hereunder. The Collateral Agent will exercise reasonable care in selecting any such agent, sub-agent agent, attorney, custodian, nominee or co-collateral agent but shall not otherwise be responsible or liable for and in supervising the performance of any act or omission of duties delegated to any such agent, sub-agent agent, attorney, custodian, nominee or co-collateral agent.
Appears in 1 contract
Samples: Collateral Agency and Intercreditor Agreement (CBL & Associates Limited Partnership)
Appointment of Co-Agents and Sub-Agents. The Collateral Agent may employ agents and appoint sub-agents or co-collateral agents as it determines appropriate in the performance of its duties hereunder. The Collateral Agent will exercise reasonable care good faith in selecting any such agent, sub-agent or co-collateral agent but shall not otherwise be responsible or liable for any act or omission of any such agent, sub-agent or co-collateral agent.
Appears in 1 contract
Samples: Intercreditor and Collateral Agency Agreement (Dominion Textile (Usa), L.L.C.)
Appointment of Co-Agents and Sub-Agents. The Collateral Agent may employ agents and appoint sub-agents or co-collateral agents as it determines appropriate in the performance of its duties hereunder. The Collateral Agent will exercise reasonable care in selecting any such agent, sub-agent or co-collateral agent and in supervising the performance of any duties delegated to any such agent, sub-agent or co-collateral agent but shall not otherwise be responsible or liable for any act or omission of any such agent, sub-agent or co-collateral agent.
Appears in 1 contract
Samples: Collateral Agency Agreement (Tesoro Petroleum Co Inc)
Appointment of Co-Agents and Sub-Agents. The Collateral Agent may employ agents and appoint sub-agents agents, attorneys, custodians, nominees or co-collateral agents as it determines appropriate in the performance of its duties hereunder. The Collateral Agent will exercise reasonable care in selecting any such agent, sub-agent, attorneys, custodians, nominees or co-collateral agent and in supervising the performance of any duties delegated to any such agent, sub-agent, attorneys, custodians, nominees or co-collateral agent but shall not otherwise be responsible or liable for any act or omission of any such agent, sub-agent or co-collateral agent.
Appears in 1 contract
Samples: Collateral Agency Agreement (Offshore Logistics INC)