Common use of Nature of Duties of the Administrative Agent Clause in Contracts

Nature of Duties of the Administrative Agent. The Administrative Agent shall not have any duties or obligations except those expressly set forth in this Agreement and the other Loan 131 NAI-1536628076v4

Appears in 1 contract

Samples: Credit Agreement (Central Garden & Pet Co)

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Nature of Duties of the Administrative Agent. The Administrative Agent shall not have any duties or obligations except those expressly set forth in this Agreement and the other Loan 131 NAI-1536628076v4Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or an Event of Default has occurred and is continuing, (b) the Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except those discretionary rights and powers

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Fox Factory Holding Corp)

Nature of Duties of the Administrative Agent. The Administrative Agent shall not have any duties or obligations except those expressly set forth in this Agreement and the other Loan 131 NAI-1536628076v4Documents. Without limiting the generality of the foregoing,

Appears in 1 contract

Samples: Guaranty and Security Agreement

Nature of Duties of the Administrative Agent. The Administrative Agent shall not have any duties or obligations except those expressly set forth in this Agreement and the other Loan 131 NAI-1536628076v4Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or an Event of Default has occurred and is continuing, (b) the Administrative Agent shall not have

Appears in 1 contract

Samples: Credit Agreement (LendingTree, Inc.)

Nature of Duties of the Administrative Agent. The Administrative Agent shall not have any duties or obligations except those expressly set forth in this Agreement and the other Loan 131 NAI-1536628076v4Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or an Event of Default has occurred and is continuing, (b) the Administrative Agent shall not have any duty to take any discretionary action or

Appears in 1 contract

Samples: Revolving Credit Agreement (Arc Logistics Partners LP)

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Nature of Duties of the Administrative Agent. The Administrative Agent shall not have any duties or obligations except those expressly set forth in this Agreement and the other Loan 131 NAI-1536628076v4Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default 115

Appears in 1 contract

Samples: Credit and Guaranty Agreement (CareTrust REIT, Inc.)

Nature of Duties of the Administrative Agent. The Administrative Agent shall not have any duties or obligations except those expressly set forth in this Agreement and the other Loan 131 NAI-1536628076v4Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or an Event of Default has occurred and is continuing, (b) the Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except those discretionary

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Fox Factory Holding Corp)

Nature of Duties of the Administrative Agent. The Administrative Agent shall not have any duties or obligations except those expressly set forth in this Agreement and the other Loan 131 NAI-1536628076v4Loan

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Tivity Health, Inc.)

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