Common use of No Duty on Agent Clause in Contracts

No Duty on Agent. The powers conferred on the Agent hereunder are solely to protect the interests of the Agent and the Lenders in the Collateral and shall not impose any duty upon the Agent to exercise any such powers. The Agent shall be accountable only for the amounts that it actually receives as a result of the exercise of such powers, and neither it nor any of its officers, directors, employees or agents shall be responsible to the Borrowers for any act or failure to act, except for the Agent’s own gross negligence or willful misconduct.

No Duty on Agent. The powers conferred on the Agent hereunder are solely to protect the interests of the Agent and the Lenders in the Collateral and shall not impose any duty upon the Agent to exercise any such powers. The Agent shall be accountable only for the amounts that it actually receives as a result of the exercise of such powers, powers and neither it nor any of its officers, . directors, . employees or agents shall be responsible to any of the Borrowers Companies for any act or failure to act, except for the Agent’s 's own gross negligence or willful misconduct.

No Duty on Agent. The powers conferred on the Agent hereunder ---------------- are solely to protect the interests of the Agent and the Lenders Banks in the Collateral and shall not impose any duty upon the Agent to exercise any such powers. The Agent shall be accountable only for the amounts that it actually receives as a result of the exercise of such powers, powers and neither it nor any of its officers, directors, employees or agents shall be responsible to the Borrowers each Company for any act or failure to act, except for the Agent’s 's own gross negligence or willful misconduct.

No Duty on Agent. The powers conferred on the Agent -- ---- -- ----- hereunder are solely to protect the interests of the Agent and the Lenders Banks in the Collateral and shall not impose any duty upon the Agent to exercise any such powers. The Agent shall be accountable only for the amounts that it actually receives as a result of the exercise of such powers, powers and neither it nor any of its officers, directors, employees or agents shall be responsible to any of the Borrowers for any act or failure to act, except for the Agent’s 's own gross negligence or willful misconduct.

No Duty on Agent. The powers conferred on the Agent hereunder are solely to protect the interests of the Agent and the Lenders Banks in the Collateral and shall not impose any duty upon the Agent to exercise any such powers. The Agent shall be accountable only for the amounts that it actually receives as a result of the exercise of such powers, powers and neither it nor any of its officers, directors, employees or agents shall be responsible to any of the Borrowers Companies for any act or failure to act, except for the Agent’s 's own gross negligence or willful misconduct.

No Duty on Agent. The powers conferred on the Agent hereunder are solely to protect the interests of the Agent and the Lenders Banks in the Collateral and shall not impose any duty upon the Agent to exercise any such powers. The Agent shall be accountable only for the amounts that it actually receives as a result of the exercise of such powers, powers and neither it nor any of its officers, directors, employees or agents shall be responsible to any of the Borrowers for any act or failure to act, except for the Agent’s 's own gross negligence or willful misconduct.