Common use of Direction Clause in Contracts

Direction. The Agent shall take only such action with respect to the Collateral directed in writing by the remaining Lenders and agreed to by the Agent. Notwithstanding the foregoing, the Agent shall not be obligated to take any such action: (i) which is in conflict with any provisions of applicable law or of this Agreement; or (ii) with respect to which the Agent, in its opinion, shall not have been provided adequate security and indemnity against the costs, expenses and liabilities that may be incurred by it as a result of compliance with such direction. Under no circumstances shall the Agent be liable for following the written direction of the remainder of the Lenders.