Common use of Duties of Agents; Exculpatory Provisions Clause in Contracts

Duties of Agents; Exculpatory Provisions. (a) Each Agent’s duties hereunder and under the other Loan Documents are solely ministerial and administrative in nature and no Agent shall have any duties or obligations except those expressly set forth herein and in the other Loan Documents. Without limiting the generality of the foregoing, no Agent shall have any duty to take any discretionary action or exercise any discretionary powers, but shall be required to act or refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the written direction of the Requisite Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents), provided that no Agent shall be required to take any action that, in its opinion or the opinion of its counsel, may expose such Agent or any of its Affiliates to liability or that is contrary to any Loan Document or applicable law.

Duties of Agents; Exculpatory Provisions. (a) Each An Agent’s duties hereunder and under the any other Loan Documents Facility Document are solely ministerial and administrative in nature and no Agent shall have any duties or obligations except those expressly set forth herein and in the other Loan Documentsor therein. Without limiting the generality of the foregoing, no an Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, but shall be required to act or refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the written direction of the Requisite Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents)Required Lenders, provided that no an Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose such Agent or any of its Affiliates to liability or that is contrary to any Loan Document this Agreement or applicable lawLaw.

Duties of Agents; Exculpatory Provisions. (a) Each The Administrative Agent’s duties hereunder and under the other Loan Financing Documents are solely ministerial and administrative in nature and no the Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other Loan Financing Documents. Without limiting the generality of the foregoing, no the Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, but shall be required to act or refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the written direction of the Requisite Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Financing Documents), provided that no the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose such the Administrative Agent or any of its Affiliates to liability or that is contrary to any Loan Financing Document or applicable lawApplicable Law.

Duties of Agents; Exculpatory Provisions. (a) Each Agent’s The Agents’ duties hereunder and under the other Loan Documents are solely ministerial and administrative in nature and no neither Agent shall have any duties or obligations except those expressly set forth herein and in the other Loan Documents. Without limiting the generality of the foregoing, no neither Agent shall have any duty to take any discretionary action or exercise any discretionary powers, but shall be required to act or refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the written direction of the Requisite Majority Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents), provided that no neither Agent shall be required to take any action that, in its good faith opinion or in the opinion of its counsel, may expose such Agent or any of its Affiliates to liability or that is contrary to any Loan Document or applicable law.