Common use of No Duty to Mitigate Damages Clause in Contracts

No Duty to Mitigate Damages. Other than in respect of its own gross negligence or willful misconduct, Lender shall not be required to do any act whatsoever or exercise any diligence whatsoever to mitigate any damages if any Event of Default shall occur and be continuing hereunder.

Appears in 6 contracts

Samples: Revolving Loan Agreement (Viggle Inc.), Letter of Credit and Reimbursement Agreement (SFX Entertainment, INC), Term Loan Agreement (Universal Insurance Holdings, Inc.)

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No Duty to Mitigate Damages. Other than in respect of its own gross negligence or willful misconduct, neither Administrative Agent nor any Lender shall not be required to do any act whatsoever or exercise any diligence whatsoever to mitigate any damages if any Event of Default shall occur and be continuing hereunder.

Appears in 2 contracts

Samples: Term Loan Agreement (WhiteHorse Finance, LLC), Revolving Credit Agreement (TPG Specialty Lending, Inc.)

No Duty to Mitigate Damages. Other than in respect of its own gross negligence or willful misconduct, The Lender shall not be required to do any act whatsoever or exercise any diligence whatsoever to mitigate any damages if any Event of Default shall occur and be continuing hereunder.

Appears in 2 contracts

Samples: Bridge Loan Agreement, Credit Support Agreement

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No Duty to Mitigate Damages. Other than in respect of its own gross negligence or willful misconduct, Lender shall not be required to do any act whatsoever or exercise any diligence whatsoever to mitigate any damages if any Event of Default shall occur and be continuing hereunder.

Appears in 1 contract

Samples: Springing Unconditional Guaranty (SFX Entertainment, INC)

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