Common use of Failure of Agent to Act Clause in Contracts

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 12.05 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 10 contracts

Samples: Credit Agreement and Guaranty (Hampshire Group LTD), Credit Agreement and Guaranty (Hampshire Group LTD), Credit Agreement and Guaranty (Hampshire Group LTD)

AutoNDA by SimpleDocs

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 Collateralcash collateral) of the indemnification obligations of the Banks under Section 12.05 hereof 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 7 contracts

Samples: Credit and Term Loan Agreement (Hardinge Inc), Revolving Credit and Term Loan Agreement (Hardinge Inc), Credit Agreement (Frontier Corp /Ny/)

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 Collateralcash collateral) of the indemnification obligations of the Banks under Section 12.05 hereof 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 6 contracts

Samples: Credit Agreement (United Capital Corp /De/), Security Agreement (PDK Labs Inc), Revolving Credit Agreement (Schein Henry Inc)

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 Collateralcash collateral) of the indemnification obligations of the Banks Lenders under Section 12.05 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 5 contracts

Samples: Loan Agreement (Del Laboratories Inc), Loan Agreement (Allied Devices Corp), Loan Agreement (Del Laboratories Inc)

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 Collateralcash collateral) of the indemnification obligations of the Banks under Section 12.05 hereof 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 4 contracts

Samples: Loan Agreement (Hirsch International Corp), Loan Agreement (Gristedes Foods Inc), Loan Agreement (Hirsch International Corp)

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 Collateralcash collateral) of the indemnification obligations of the Banks under Section 12.05 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 4 contracts

Samples: Credit Agreement (Daka International Inc), Credit Agreement (Daka International Inc), Credit Agreement and Guaranty (Hampshire Group LTD)

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 Collateralcash collateral) of the indemnification obligations of the Banks Lenders under Section 12.05 hereof 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 4 contracts

Samples: Credit Agreement (Movado Group Inc), Credit Agreement (Cross Media Marketing Corp), Credit Agreement (Computer Task Group Inc)

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 Collateralcash collateral) of the indemnification obligations of the Banks under Section 12.05 hereof 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 3 contracts

Samples: Credit Agreement (Lauder Ronald S), Credit Agreement (Lauder Ronald S), Credit Agreement (Amscan Holdings Inc)

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 Collateralcash collateral) of the indemnification obligations of the Banks under Section 12.05 hereof 8.5 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: Revolving Credit Agreement (Futurebiotics Inc), Revolving Credit Agreement (PDK Labs Inc)

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 Collateralcash collateral) of the indemnification obligations of the Banks under Section 12.05 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 2 contracts

Samples: Credit Agreement (Pacific Ethanol, Inc.), Credit Agreement (Pacific Ethanol, Inc.)

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 Collateralcash collateral) of the indemnification obligations of the Banks under Section 12.05 hereof 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 2 contracts

Samples: Term Loan Agreement (Ivc Industries Inc), Credit Agreement (Conmed Corp)

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder unless it the Agent shall have received further assurances (which may include Cash Collateralcash collateral to the extent permitted by law) of the indemnification obligations of the Banks under Section 12.05 hereof 10.5 in respect of any and all liability and expense which may be incurred by it the Agent by reason of taking or continuing to take any such action.

Appears in 2 contracts

Samples: Credit Agreement (Macdermid Inc), Credit Agreement (Macdermid Inc)

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 Collateralcash collateral) of the indemnification obligations of the Banks under Section 12.05 hereof 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: Credit Agreement (Seneca Foods Corp /Ny/), Loan Agreement (Transmation Inc)

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 Collateralcash collateral) of the indemnification obligations of the Banks under Section 12.05 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 2 contracts

Samples: Loan Agreement (Manchester Equipment Co Inc), Loan Agreement (Manchester Equipment Co Inc)

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 12.05 hereof 8.05 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 (Read Rite Corp /De/)

Failure of Agent to Act. Except for action expressly ----------------------- required of the Agent hereunder, the 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 Collateralcash collateral) of the indemnification obligations of the Banks Lenders under Section 12.05 hereof (S) 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 (Act Manufacturing Inc)

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 Collateralcash collateral) of the indemnification obligations of the Banks under Section 12.05 hereof 10.4 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 (Southwest Iowa Renewable Energy, LLC)

AutoNDA by SimpleDocs

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 Collateralcash collateral) of the indemnification obligations of the Banks Lenders under Section 12.05 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: Credit and Security Agreement (Option Care Inc/De)

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 Collateralcash collateral) of the indemnification obligations of the Banks Lenders under Section 12.05 hereof ss. 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 (Act Manufacturing Inc)

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 Collateralcash collateral) of the indemnification obligations of the Banks Lenders under Section 12.05 hereof SECTION 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 (Hawk Corp)

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 Collateralcash collateral) of the indemnification obligations of the Banks under Section 12.05 11.5 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: Revolving Credit Agreement (Standard Funding Corp)

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 Collateralcash collateral) of the indemnification obligations of the Banks under Section 12.05 hereof 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.. 55

Appears in 1 contract

Samples: Credit Agreement (Genovese Drug Stores Inc)

Failure of Agent to Act. Except for action expressly required of the an Agent hereunder, the each 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 Collateralcash collateral) of the indemnification obligations of the Banks under Section 12.05 hereof SECTION 9.5 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 (Interlogix Inc)

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 Collateralcash collateral) of the indemnification obligations of the Banks under Section 12.05 hereof 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: Pledge Agreement (Digital Radio LLC)

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 Collateralcash collateral) of the indemnification obligations of the Banks Lenders under Section 12.05 hereof section 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 (Computer Task Group Inc)

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 Collateralcash collateral) of the indemnification obligations of the Banks under Section 12.05 11.05 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: Credit and Security Agreement (Winstar Communications Inc)

Failure of Agent to Act. Except for action expressly required of the Agent hereunder, the 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 Collateralcash collateral) of the indemnification obligations of the Banks Lenders under Section 12.05 hereof 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 (Gleason Corp /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.