Employment of Agents. In performing its duties and exercising its rights, powers, discretions and remedies under or pursuant to the Finance Documents, the Agent shall be entitled to employ and pay agents to do anything which the Agent is empowered to do under or pursuant to the Finance Documents (including the receipt of money and documents and the payment of money) and to act or refrain from taking action in reliance on the opinion of, or advice or information obtained from, any lawyer, banker, broker, accountant, valuer or any other person believed by the Agent in good faith to be competent to give such opinion, advice or information.
Appears in 30 contracts
Samples: Management Agreement (Diana Shipping Inc.), Loan Agreement (Teekay Tankers Ltd.), Loan Agreement
Employment of Agents. In performing its duties and exercising its rights, powers, discretions and remedies under or pursuant to the Finance Security Documents, the Agent shall be entitled to employ and pay agents to do anything which the Agent is empowered to do under or pursuant to the Finance Security Documents (including the receipt of money and documents and the payment of money) and to act or refrain from taking action in reliance on the opinion of, or advice or information obtained from, any lawyer, banker, broker, accountant, valuer or any other person believed by the Agent in good faith to be competent to give such opinion, advice or information.
Appears in 18 contracts
Samples: Loan Facility Agreement, Stolt Comex (Stolt Offshore S A), Facility Agreement (Gulfmark Offshore Inc)
Employment of Agents. In performing its duties and exercising its rights, powers, discretions and remedies under or pursuant to the Finance Security Documents, the Agent shall be entitled to employ and pay agents to do anything which the Agent is empowered to do under or pursuant to the Finance Security Documents (including the receipt of money and documents and the payment of money) and to act or refrain from taking action in reliance on the opinion of, or advice or information obtained from, any lawyer, banker, broker, accountant, valuer or any other person believed by the Agent in good faith to be competent to give such opinion, advice or information.. \P1\3522333.10
Appears in 3 contracts
Samples: Loan Facility Agreement, Loan Facility Agreement (Teekay Shipping Corp), Loan Facility Agreement (Teekay LNG Partners L.P.)
Employment of Agents. In performing its duties and exercising its rights, powers, discretions and remedies under or pursuant to the Finance Documents, the Agent shall be entitled to employ and pay agents to do anything which the Agent is empowered to do under or pursuant to the Finance Documents (including the receipt of money and documents and the payment of money) and to act or refrain from taking action in reliance on the opinion of, or advice or information obtained from, any lawyer, banker, broker, accountant, valuer or any other person believed by the Agent in good faith to be competent to give such opinion, advice or information.. \P1\3549672.7
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Employment of Agents. In performing its their duties and exercising its rights, powers, discretions and remedies under or pursuant to the Finance Security Documents, the Agent Agents shall be entitled to employ and pay agents to do anything which the Agent is Agents are empowered to do under or pursuant to the Finance Security Documents (including the receipt of money and documents and the payment of money) and to act or refrain from taking action in reliance on the opinion of, or advice or information obtained from, any lawyer, banker, broker, accountant, valuer or any other person believed by the Agent Agents in good faith to be competent to give such opinion, advice or information.
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