Common use of Grantor Consent Clause in Contracts

Grantor Consent. The Borrower and the other Grantors (a) consent to the performance by the Senior Note Secured Parties and the Junior Note Secured Parties of the obligations set forth in this Section 4 between each of them, on the one hand, and the ABL Agent, on the other hand, and (b) acknowledge and agree that they shall look to the ABL Agent (and not to any Senior Note Secured Party or any Junior Note Secured Party) for any accountability or liability in respect of any action taken or omitted by the ABL Agent or any other ABL Secured Party or its or any of their officers, employees, agents, successors or assigns in connection with or incidental to or in consequence of the aforesaid obligations under this Section 4, including any improper use or disclosure of any Intellectual Property by the ABL Agent or any other ABL Secured Party or its or any of their officers, employees, agents, successors or assigns or any other damage to or misuse or loss of any property of the Grantors as a result of any action taken or omitted by the ABL Agent or any other ABL Secured Party or its or any of their officers, employees, agents, successors or assigns, provided that nothing in this Section 4.4 shall so limit the Borrower and the other Grantors if any Senior Note Secured Party or any Junior Note Secured Party participated in any such actions, omission, improper uses or disclosures or in causing any such damage, misuse or loss. Performance by any Senior Note Secured Party or any Junior Note Secured Party, as applicable, of the undertakings in this Section 4 will not be deemed to be participation in any such actions, omissions, improper uses or disclosures or in causing any such damage, misuse or loss referenced in the prior sentence.

Appears in 3 contracts

Samples: Intercreditor Agreement (Ferroglobe PLC), Intercreditor Agreement (Ferroglobe PLC), Intercreditor Agreement (Ferroglobe PLC)

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Grantor Consent. The Borrower Parent and the other Grantors (a) consent to the performance by the Senior Note Secured Parties and the Junior Note Secured Parties Term Agent of the obligations set forth in this Section 4 between each of them, on the one hand, Term Agent and the ABL Agent, on the other hand, and (b) acknowledge and agree that they shall look to the ABL Agent (and not to any Senior Note Secured Party the Term Agent or any Junior Note Secured PartyTerm Lender) for any accountability or liability in respect of any action taken or omitted by the ABL Agent or any other ABL Secured Party or its or any of their officers, employees, agents, successors or assigns in connection with or incidental to or in consequence of the aforesaid obligations under this Section 4, including any improper use or disclosure of any Intellectual Property by the ABL Agent or any other ABL Secured Party or its or any of their officers, employees, agents, successors or assigns or any other damage to or misuse or loss of any property of the Grantors as a result of any action taken or omitted by the ABL Agent or any other ABL Secured Party or its or any of their officers, employees, agents, successors or assigns, provided that nothing in this Section 4.4 shall so limit the Borrower Parent and the other Grantors if the Term Agent and/or any Senior Note Secured Party or any Junior Note Secured Party Term Lender participated in any such actions, omission, improper uses or disclosures or in causing any such damagedamages, misuse or losslosses. Performance by the Term Agent and/or any Senior Note Secured Party or any Junior Note Secured Party, as applicable, Term Lender of the undertakings in this Section 4 will not be deemed to be participation in any such actions, omissions, improper uses or disclosures or in causing any such damagedamages, misuse or loss losses referenced in the prior sentence.

Appears in 1 contract

Samples: Intercreditor Agreement (Federal Signal Corp /De/)

Grantor Consent. The Any Borrower and the other Grantors (a) consent to the performance by the Senior Note Secured Parties and the Junior Note Secured Parties Term Representatives of the obligations set forth in this Section 4 between each of them, on the one hand, Term Representatives and the ABL Agent, on the other hand, and (b) acknowledge and agree that they shall look to the ABL Agent (and not to any Senior Note Secured Party the Term Representatives or any Junior Note Term Secured Party) for any accountability or liability in respect of any action taken or omitted by the ABL Agent or any other ABL Secured Party or its or any of their officers, employees, agents, successors or assigns in connection with or incidental to or in consequence of the aforesaid obligations under this Section 4, including any improper use or disclosure of any Intellectual Property by the ABL Agent or any other ABL Secured Party or its or any of their officers, employees, agents, successors or assigns or any other damage to or misuse or loss of any property of the Grantors as a result of any action taken or omitted by the ABL Agent or any other ABL Secured Party or its or any of their officers, employees, agents, successors or assigns, provided that nothing in this Section 4.4 shall so limit the any Borrower and the other Grantors if any Senior Note Secured Party or Term Representative and/or any Junior Note Term Secured Party participated in any such actions, omission, improper uses or disclosures or in causing any such damagedamages, misuse or losslosses. Performance by any Senior Note Term Representative and/or any Term Secured Party or any Junior Note Secured Party, as applicable, of the undertakings in this Section 4 will not be deemed to be participation in any such actions, omissions, improper uses or disclosures or in causing any such damagedamages, misuse or loss losses referenced in the prior sentence.

Appears in 1 contract

Samples: Abl Intercreditor Agreement (EveryWare Global, Inc.)

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Grantor Consent. The Borrower ARC and the other Grantors (a) consent to the performance by the Senior Note Secured Parties and the Junior Note Secured Parties Term Representatives of the obligations set forth in this Section 4 between each of them, on the one hand, Term Representatives and the ABL Agent, on the other hand, and (b) acknowledge and agree that they shall look to the ABL Agent (and not to any Senior Note Secured Party the Term Representatives or any Junior Note Term Secured Party) for any accountability or liability in respect of any action taken or omitted by the ABL Agent or any other ABL Secured Party or its or any of their officers, employees, agents, successors or assigns in connection with or incidental to or in consequence of the aforesaid obligations under this Section 4, including any improper use or disclosure of any Intellectual Property by the ABL Agent or any other ABL Secured Party or its or any of their officers, employees, agents, successors or assigns or any other damage to or misuse or loss of any property of the Grantors as a result of any action taken or omitted by the ABL Agent or any other ABL Secured Party or its or any of their officers, employees, agents, successors or assigns, provided that nothing in this Section 4.4 4.3(e) shall so limit the Borrower ARC and the other Grantors if any Senior Note Secured Party or Term Representative and/or any Junior Note Term Secured Party participated in any such actions, omission, improper uses or disclosures or in causing any such damagedamages, misuse or losslosses. Performance by any Senior Note Term Representative and/or any Term Secured Party or any Junior Note Secured Party, as applicable, of the undertakings in this Section 4 will not be deemed to be participation in any such actions, omissions, improper uses or disclosures or in causing any such damagedamages, misuse or loss losses referenced in the prior sentence.

Appears in 1 contract

Samples: Security Agreement (Arc Document Solutions, Inc.)

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