Common use of Authority of Lender Clause in Contracts

Authority of Lender. Lender shall have, and be entitled to exercise, all such powers hereunder as are specifically delegated to Lender by the terms hereof, together with such powers as are incidental thereto. Lender may execute any of its duties hereunder by or through agents or employees and shall be entitled to retain counsel and to act in reliance upon the advice of such counsel concerning all matters pertaining to its duties hereunder. Neither Lender nor any director, officer or employee of Lender shall be liable for any action taken or omitted to be taken by it or them hereunder or in connection herewith, except for its or their own gross negligence or willful misconduct. Pledgor hereby agrees to reimburse Lender, on demand, for all costs and expenses incurred by Lender in connection with the enforcement of this Agreement (including, without limitation, costs and expenses incurred by any agent employed by Lender) and agrees to indemnify (which indemnification shall survive any termination of this Agreement) and hold harmless Lender (and any such agent) from and against any and all liability incurred by Lender (or such agent) hereunder or in connection herewith, unless such liability shall be due to gross negligence or willful misconduct on the part of Lender or such agent, as the case may be.

Authority of Lender. Lender shall have, have and be entitled to exercise, exercise all such powers hereunder as are specifically delegated to Lender by the terms hereof, together with such powers as are reasonably incidental thereto. Lender may execute any of its duties hereunder by or through agents or employees and shall be entitled to retain counsel and to act in reliance upon the advice of such counsel (whether written or oral) concerning all matters pertaining to its duties hereunder. Neither Lender Lender, nor any director, officer or employee of Lender Lender, shall be liable for any action taken or omitted to be taken by it or them hereunder or in connection herewith, except for its or their own gross negligence or willful misconduct. After an Event of Default hereunder the Pledgor hereby agrees shall be liable to reimburse Lender, on demand, for all costs and expenses incurred by Lender in connection with the administration and enforcement of this Pledge Agreement (including, without limitation, costs and expenses incurred by any agent employed by Lender) and agrees to indemnify (which indemnification shall survive any termination of this Agreement) and hold harmless Lender (and any such agent) from and against any and all liability incurred by Lender (or such agent) hereunder or in connection herewith, unless such liability shall be due to gross negligence or willful misconduct on the part of Lender or such agent, as the case may beLender.

Authority of Lender. Lender shall have, have and be entitled to exercise, exercise all such powers hereunder as are specifically delegated to Lender by the terms hereof, together with such powers as are reasonably incidental thereto. Lender may execute any of its duties hereunder by or through agents or employees and shall be entitled to retain counsel and to act in reliance upon the advice of such counsel (whether written or oral) concerning all matters pertaining to its duties hereunder. Neither Lender Lender, nor any director, officer or employee of Lender Lender, shall be liable for any action taken or omitted to be taken by it or them hereunder or in connection herewith, except for its or their own gross negligence or willful misconduct. After an Event of Default hereunder the Pledgor hereby agrees shall be liable to reimburse Lender, on demand, for all costs and expenses incurred by Lender in connection with the administration and enforcement of this Pledge Agreement (including, without limitation, costs and expenses incurred by any agent employed by Lender) and agrees to indemnify (which indemnification shall survive any termination of this Agreement) and hold harmless Lender (and any such agent) from and against any and all liability incurred by Lender (or such agent) hereunder or in connection herewith, unless such liability shall be due to gross negligence or willful misconduct on the part of Lender or such agent, as the case may beLender.

Authority of Lender. The Lender shall have, have and be entitled to exercise, exercise all such powers hereunder as are specifically Page 42 of 50 delegated to the Lender by the terms hereof, together with such powers as are reasonably incidental thereto. The Lender may execute any of its duties hereunder by or through agents or employees and shall be entitled to retain counsel and to act in reliance upon the advice of such counsel (whether written or oral) concerning all matters pertaining to its duties hereunder. Neither Lender the Lender, nor any director, officer or employee of Lender the Lender, shall be liable for any action taken or omitted to be taken by it or them hereunder or in connection herewith, except for its or their own gross negligence or willful misconduct. After an Event of Default hereunder the Pledgor hereby agrees shall be liable to reimburse the Lender, on demand, for all costs and expenses incurred by the Lender in connection with the administration and enforcement of this Pledge Agreement (including, without limitation, costs and expenses incurred by any agent employed by Lender) and agrees to indemnify (which indemnification shall survive any termination of this Agreement) and hold harmless the Lender (and any such agent) from and against any and all liability incurred by the Lender (or such agent) hereunder or in connection herewith, unless such liability shall be due to gross negligence or willful misconduct on the part of Lender or such agent, as the case may beLender.