Common use of Instructions to Collateral Agent Clause in Contracts

Instructions to Collateral Agent. (i) The Collateral Agent shall be entitled to refrain from taking any action unless it has been instructed in writing by the Borrower (or the Servicer on the Borrower’s behalf), the Required Lenders or the Administrative Agent, as applicable, as it reasonably deems necessary. In the absence of gross negligence or willful misconduct by the Collateral Agent, the Collateral Agent shall have no liability for any action (or forbearance from action) taken pursuant to such written instructions of the Borrower, the Servicer, the Required Lenders or the Administrative Agent, as applicable.

Instructions to Collateral Agent. (i) The Collateral Agent shall be entitled to refrain from taking any action unless it has been instructed in writing by the Borrower (or the Servicer Investment Advisor on the Borrower’s behalf), the Required Lenders or the Administrative Agent, as applicable, as it reasonably deems necessary. In the absence of gross negligence or willful misconduct by the Collateral Agent, the Collateral Agent shall have no liability for any action (or forbearance from action) taken pursuant to such written instructions of the Borrower, the ServicerInvestment Advisor, the Required Lenders or the Administrative Agent, as applicable.

Instructions to Collateral Agent. (il) The Collateral Agent shall be entitled to refrain from taking any action unless it has been instructed in writing by the Borrower (or the Servicer Collateral Manager on the Borrower’s behalf), the Required Lenders or the Administrative Agent, as applicable, as it reasonably deems necessary. In the absence of gross negligence or willful misconduct by the Collateral Agent, the Collateral Agent shall have no liability for any action (or forbearance from action) taken pursuant to such written instructions of the Borrower, the ServicerCollateral Manager, the Required Lenders or the Administrative Agent, as applicable.

Instructions to Collateral Agent. (ia) The Collateral Agent shall be entitled to refrain from taking any action unless it has been instructed in writing by the Borrower (or the Servicer Collateral Manager on the Borrower’s behalf), the Required Lenders or the Administrative Agent, as applicable, as it reasonably deems necessary. In the absence of gross negligence or willful misconduct by the Collateral Agent, the Collateral Agent shall have no liability for any action (or forbearance from action) taken pursuant to such written instructions of the Borrower, the ServicerCollateral Manager, the Required Lenders or the Administrative Agent, as applicable.

Instructions to Collateral Agent. (i) The Collateral Agent shall be entitled to refrain from taking any action unless it has been instructed such instruction (in writing by the form of Proper Instructions) from the Borrower (or the Servicer Collateral Manager on the Borrower’s behalf), the Required Lenders ) or the Administrative Agent, as applicable, as it reasonably deems necessary. In , and shall be entitled to require, upon notice to the absence of gross negligence Borrower or willful misconduct by the Collateral Administrative Agent, the as applicable, that Proper Instructions to it be in writing. The Collateral Agent shall have no liability for any action (or forbearance from action) taken pursuant to such written instructions any Proper Instruction of the Borrower, the Servicer, the Required Lenders Collateral Manager or the Administrative Agent, as applicable.