Common use of Gross Negligence and Wilful Misconduct Clause in Contracts

Gross Negligence and Wilful Misconduct. No act or omission of the Agent or its Affiliates, officers, directors, employees or agents shall be considered gross negligence or wilful misconduct if the act or omission was done or omitted in accordance with the express, implied or deemed instructions or concurrence of the Majority Lenders.

Appears in 4 contracts

Samples: Credit Agreement (Baytex Energy Corp.), Credit Agreement (Bellatrix Exploration Ltd.), Credit Agreement (Bellatrix Exploration Ltd.)

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