Common use of Delegation of Duties, Etc Clause in Contracts

Delegation of Duties, Etc. The Agent may execute any duties and perform any powers hereunder by or through agents or employees, and shall be entitled to consult with legal counsel and any accountant or other professional selected by it. Any action taken or omitted to be taken or suffered in good faith by the Agent in accordance with the opinion of such counsel or accountant or other professional shall be full justification and protection to the Agent.

Appears in 4 contracts

Samples: Credit Agreement (Green Mountain Power Corp), Credit Agreement (Eastern Enterprises), Credit Agreement (Green Mountain Power Corp)

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Delegation of Duties, Etc. The Agent may execute exercise any duties of its powers and perform any powers of its duties hereunder by or through agents or employees, attorneys and shall be entitled to consult with legal counsel counsel, accountants and any accountant or other professional experts selected by it. Any action taken or omitted to be taken or suffered in good faith by the Agent in accordance with the reasonable opinion of such counsel or accountant counsel, accountants or other professional experts shall be full justification and protection to it. The Agent shall not be responsible for any misconduct or negligence, other than gross negligence or willful misconduct on the Agentpart of any agent or attorney appointed with due care by it hereunder.

Appears in 2 contracts

Samples: Collateral Agency Agreement (WPCS International Inc), Collateral Agency Agreement (Ads in Motion, Inc.)

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