Common use of Failure of Administrative Agent to Act Clause in Contracts

Failure of Administrative Agent to Act. Except for action expressly required of Administrative Agent hereunder, Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it shall have received further assurances (which may include cash collateral) of the indemnification obligations of the Banks under Section 10.05 in respect of any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 29 contracts

Samples: Revolving Credit Agreement (Vornado Realty Lp), Revolving Credit Agreement (Urban Edge Properties LP), Revolving Credit Agreement (Vornado Realty Lp)

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Failure of Administrative Agent to Act. Except for action expressly required of the Administrative Agent hereunder, the Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it shall have received further assurances (which may include cash collateral) of the indemnification obligations of the Banks Farm Credit under Section 10.05 4 above in respect of any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 4 contracts

Samples: Administrative Agency Agreement (East Fork Biodiesel, LLC), Administrative Agency Agreement (Western Iowa Energy, L.L.C.), Administrative Agency Agreement (Advanced BioEnergy, LLC)

Failure of Administrative Agent to Act. Except for action expressly required of the Administrative Agent hereunder, the Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it shall have received further assurances (which may include cash collateral) of the indemnification obligations of the Banks Lenders under Section 10.05 12.05 in respect of any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 4 contracts

Samples: Credit Agreement (LCC International Inc), Credit Agreement (Micro Warehouse Inc), Credit Agreement (Micro Warehouse Inc)

Failure of Administrative Agent to Act. Except for action expressly required of the Administrative Agent hereunder, the Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it shall have received further assurances (which may include cash collateral) of the indemnification obligations of the Banks Lenders under Section 10.05 11.5 in respect of any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 2 contracts

Samples: Credit Agreement (Movado Group Inc), Credit Agreement (Movado Group Inc)

Failure of Administrative Agent to Act. Except for action expressly required of the Administrative Agent hereunder, the Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it shall have received further assurances (which may include cash collateral) of the indemnification obligations of the Banks under Section 10.05 in respect of any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 2 contracts

Samples: Revolving Loan Agreement (Taubman Centers Inc), Revolving Loan Agreement (Taubman Realty Group LTD Partnership)

Failure of Administrative Agent to Act. Except for action expressly required of the Administrative Agent hereunder, the Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it shall have received further assurances (which may include cash collateral) of the indemnification obligations of the Banks under Section 10.05 13.05 in respect of any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 2 contracts

Samples: Credit Agreement (Boundless Corp), Credit Agreement (Boundless Corp)

Failure of Administrative Agent to Act. Except for action expressly required of the Administrative Agent hereunder, the Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it shall have received further assurances (which may include cash collateral) of the indemnification obligations of the Banks Lenders under Section 10.05 7.05 in respect of any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Revolving Credit Agreement

Failure of Administrative Agent to Act. Except for action -------------------------------------- expressly required of Administrative Agent hereunder, Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it shall have received further assurances (which may include cash collateral) of the indemnification obligations of the Banks under Section 10.05 9.05 in respect of any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Loan Agreement (Taubman Centers Inc)

Failure of Administrative Agent to Act. Except for action expressly required of the Administrative Agent hereunder, the Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it shall have received further assurances (which may include cash collateral) of the indemnification obligations of the Banks under Section 10.05 12.5 in respect of any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Cannondale Corp /)

Failure of Administrative Agent to Act. Except for action expressly required of Administrative Adminisrative Agent hereunder, Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it shall have received further assurances (which may include cash collateral) of the indemnification obligations of the Banks under Section 10.05 in respect of any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Term Loan Agreement (Vornado Realty Lp)

Failure of Administrative Agent to Act. Except for action expressly required of the Administrative Agent hereunder, the Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it shall have received further assurances (which may include cash collateral) of the indemnification obligations of the Banks under Section 10.05 10.5 in respect of any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Nfo Worldwide Inc)

Failure of Administrative Agent to Act. Except for action ----------------------------------------- expressly required of Administrative Agent hereunder, Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it shall have received further assurances (which may include cash collateral) of the indemnification obligations of the Banks under Section 10.05 in respect of any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Taubman Centers Inc)

Failure of Administrative Agent to Act. Except for action expressly required of Administrative Agent hereunder, Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it shall have received further assurances (which may include cash collateral) of the indemnification obligations of the Banks under Section 10.05 in respect of any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.obligations

Appears in 1 contract

Samples: Term Loan Agreement (Alexanders Inc)

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Failure of Administrative Agent to Act. Except for action expressly required of the Administrative Agent hereunder, the Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it shall have received further assurances (which may include cash collateral) of the indemnification obligations of the Banks Lenders under Section 10.05 10.5 in respect of any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Movado Group Inc)

Failure of Administrative Agent to Act. Except for action expressly required of the Administrative Agent hereunder, the Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it shall have received further assurances (which may include cash collateral) of the indemnification obligations of the Banks Lenders under Section 10.05 7.05 hereof in respect of any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Loan Agreement (Del Laboratories Inc)

Failure of Administrative Agent to Act. Except for action expressly required of the Administrative Agent hereunder, the Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it shall have received further assurances (which may include cash collateral) of the indemnification 89 83 obligations of the Banks under Section 10.05 12.5 in respect of any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Cannondale Corp /)

Failure of Administrative Agent to Act. Except for action expressly required of Administrative Agent hereunder, Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it shall have received further assurances (which may include cash collateral) of the indemnification obligations of the Banks under Section 10.05 in respect of any and all liability and expense 55 61 which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Revolving Loan Agreement (Bay Apartment Communities Inc)

Failure of Administrative Agent to Act. Except for action expressly required of the Administrative Agent hereunder, the Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it shall have received further assurances (which may include cash collateral) of the indemnification obligations of the Banks under Section 10.05 11.05 in respect of any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Multicare Companies Inc)

Failure of Administrative Agent to Act. Except for action expressly required of the Administrative Agent hereunder, the Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it shall have received further assurances (which may include cash collateral) of the indemnification obligations of the Banks Lender under Section 10.05 4 above in respect of any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Administrative Agency Agreement and Intercreditor Agreement (Heron Lake BioEnergy, LLC)

Failure of Administrative Agent to Act. Except for action expressly required of Administrative Agent hereunder, Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it shall have received further assurances (which may include cash collateral) of the indemnification obligations of the Banks Lenders under Section 10.05 7.05 in respect of any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Term Loan Agreement (Mendik Real Estate Limited Partnership)

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