Approvals and Duties. Unless expressly provided herein to the contrary, any approval, consent, waiver or satisfaction of Agent, Documentation Agent or other Lender Parties with respect to any matter that is the subject of any Loan Document may be granted or withheld by Agent, Documentation Agent or other Lender Parties, as applicable, in their sole and absolute discretion. Other than Agent’s duty of reasonable care with respect to Collateral delivered pursuant to the Loan Documents in accordance with applicable law (to the extent not waivable), Agent, Documentation Agent and other Lender Parties shall have no responsibility for or obligation or duty with respect to any of the Collateral or any matter or proceeding arising out of or relating thereto, including, without limitation, any obligation or duty to collect any sums due in respect thereof or to protect or preserve any rights pertaining thereto.
Appears in 6 contracts
Samples: Credit Agreement (DTLR Holding, Inc.), Credit Agreement (DTLR Holding, Inc.), Credit Agreement (DTLR Holding, Inc.)
Approvals and Duties. Unless expressly provided herein to the contrary, any approval, consent, waiver or satisfaction of Agent, Documentation Agent or other Lender Parties Lenders with respect to any matter that is the subject of any Loan Document may be granted or withheld by Agent, Documentation Agent or other Lender PartiesLenders, as applicable, in their sole and absolute discretion. Other than Agent’s 's duty of reasonable care with respect to Collateral delivered pursuant to the Loan Documents in accordance with applicable law (to the extent not waivable)Pledge Agreements, Agent, Documentation Agent and other Lender Parties Lenders shall have no responsibility for or obligation or duty with respect to any of the Collateral or any matter or proceeding arising out of or relating thereto, including, without limitation, any obligation or duty to collect any sums due in respect thereof or to protect or preserve any rights pertaining thereto.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Covista Communications Inc), Revolving Credit, Term Loan, and Security Agreement (Advanced Nutraceuticals Inc/Tx)
Approvals and Duties. Unless expressly provided herein or applicable law to the contrary, any approval, consent, waiver or satisfaction of Agent, Documentation Agent or other Lender Parties Lenders with respect to any matter that is the subject of any Loan Document may be granted or withheld by Agent, Documentation Agent or other Lender PartiesLenders, as applicable, in their sole and absolute discretion. Other than Agent’s 's duty of reasonable care with respect to Collateral delivered pursuant to the Loan Documents in accordance with applicable law (to the extent not waivable)Documents, Agent, Documentation Agent and other Lender Parties Lenders shall have no responsibility for or obligation or duty with respect to any of the Collateral or any matter or proceeding arising out of or relating thereto, including, without limitation, any obligation or duty to collect any sums due in respect thereof or to protect or preserve any rights pertaining thereto.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Trover Solutions Inc)