Common use of No Duty on Agent’s Part Clause in Contracts

No Duty on Agent’s Part. The powers conferred on the Agent hereunder are solely to protect Agent’s interests in the Collateral and shall not impose any duty upon the Agent to exercise any such powers. The Agent shall be accountable only for amounts that it or the Secured Parties actually receive as a result of the exercise of such powers, and none of them nor any of their officers, directors, or employees shall be responsible to Debtor for any act or failure to act hereunder, except for its own gross negligence or willful misconduct.

No Duty on Agent’s Part. The powers conferred on the Agent hereunder are solely to protect Agent’s its interests in the Collateral and shall not impose any duty upon the Agent to exercise any such powers. The Neither the Agent shall be accountable only for amounts that it or the Secured Parties actually receive as a result of the exercise of such powers, and none of them nor any of their its officers, directors, employees or employees agents shall be responsible to Debtor the Borrower or the Guarantor for any act or failure to act hereunder, except for its their own gross negligence or willful misconduct.

No Duty on Agent’s Part. The powers conferred on the Agent hereunder are solely to protect Agent’s interests in the Collateral and shall not impose any duty upon the Agent it to exercise any such powers. The Agent shall be accountable only for amounts that it or the Secured Parties actually receive receives as a result of the exercise of such powers, and none of them neither it nor any of their its officers, directors, employees or employees agents shall be responsible to Debtor the Partners for any act or failure to act hereunder, except for its own gross negligence or willful misconduct.

No Duty on Agent’s Part. The powers conferred on the Agent hereunder are solely to protect the Agent’s 's interests in the Collateral and shall will not impose any duty upon the Agent it to exercise any such powers. The Agent shall will be accountable only for amounts that it or the Secured Parties actually receive receives as a result of the exercise of such powers, and none of them neither it nor any of their its officers, directors, employees or employees shall agents will be responsible to Debtor the Trustee or the Holders for any act or failure to act hereunder, except for its own gross negligence or willful misconductmisconduct or as otherwise provided by applicable Law.

No Duty on Agent’s Part. The powers conferred on the Agent hereunder are solely to protect the Agent’s 's interests in the Collateral and shall not impose any duty upon the Agent to exercise any such powers. The Agent shall be accountable only for amounts that it or the Secured Parties actually receive receives as a result of the exercise of such powers, and none of them neither it nor any of their its officers, directors, employees or employees agents shall be responsible to Debtor the Owner Participant for any act or failure to act hereunder, except for its own gross negligence or willful misconduct.

No Duty on Agent’s Part. The powers conferred on the Agent hereunder are solely to protect Agent’s 's interests in the Collateral and shall not impose any duty upon the Agent it to exercise any such powers. The Agent shall be accountable only for amounts that it or the Secured Parties actually receive receives as a result of the exercise of such powers, and none of them nor any of their officers, directors, or employees shall be responsible to Debtor for any act or failure to act hereunder, except for its own gross negligence or willful misconduct.

No Duty on Agent’s Part. The powers conferred on the Agent hereunder are solely to protect Agent’s interests in the Collateral and shall not impose any duty upon the Agent to exercise any such powers. The Agent shall be accountable only for amounts that it or the Secured Parties actually receive as a result of the exercise of such powers, and none of them nor any of their officers, directors, directors or employees shall be responsible to Debtor for any act or failure to act hereunder, except for its own gross negligence or willful misconduct.