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Common use of Commercially Reasonable Clause in Contracts

Commercially Reasonable. To the extent that applicable Requirements of Law impose duties on the Collateral Agent to exercise remedies in a commercially reasonable manner, each Grantor acknowledges and agrees that it is not commercially unreasonable for the Collateral Agent to do any of the following in connection with the exercise of such remedies:

Appears in 2 contracts

Samples: Amendment Agreement (Cit Group Inc), Credit and Guaranty Agreement (Cit Group Inc)

Commercially Reasonable. To the extent that applicable Requirements requirements of Law impose duties on the Collateral Agent to exercise remedies in a commercially reasonable manner, each Grantor acknowledges and agrees that it is not commercially unreasonable for the Collateral Agent to do any of the following in connection with the exercise of such remediesfollowing: (i) fail to act until it shall be indemnified to its satisfaction against any and all reasonable compensation for services, costs and expenses, outlays, and counsel fees and other disbursements, and against all liability not due to its willful misconduct or gross negligence;

Appears in 2 contracts

Samples: Collateral Agreement (Blyth Inc), Consent Agreement (Blyth Inc)

Commercially Reasonable. To the extent that applicable Requirements of Law impose duties on the Collateral Agent to exercise remedies in a commercially reasonable manner, each Grantor acknowledges and agrees that it is not commercially unreasonable reasonable for the Collateral Agent to do any of the following in connection with the exercise of such remediesfollowing:

Appears in 1 contract

Samples: Credit Agreement (Francesca's Holdings CORP)

Commercially Reasonable. To the extent that applicable Requirements of Law impose duties on the Collateral Agent to exercise remedies in a commercially reasonable manner, each Grantor acknowledges and agrees that it is not commercially unreasonable for the Collateral Agent to do any of the following in connection with the exercise of such remediesfollowing:

Appears in 1 contract

Samples: Credit Agreement (PGT, Inc.)