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: Consent Agreement (Blyth Inc), Collateral 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 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.)
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
