Common use of No Liability of Agent Clause in Contracts

No Liability of Agent. Agent shall not be liable for any acts, omissions, errors of fact or law, with respect to the Collateral, its handling, disposition, sale, etc. except for willful misconduct or gross negligence. Pledgor shall indemnify Agent and hold it harmless against any and all claims arising therefrom, and/or from any person or entity claiming any interest, legal or equitable in the Collateral or any part thereof, etc.

Appears in 3 contracts

Samples: Pledge Agreement of Jubilant Pharma (Cadista Holdings Inc.), Pledge Agreement (Cadista Holdings Inc.), Pledge Modification Agreement (Cadista Holdings Inc.)

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No Liability of Agent. Pledgor hereby agrees that Agent shall will not be liable chargeable for any actsnegligence, omissionsmistake, errors act or omission of fact any employee, accountant, examiner, Agent or law, with respect to the Collateral, its handling, disposition, sale, etc. attorney employed by Agent (except for the willful misconduct of any person, corporation, partnership or gross negligence. Pledgor shall indemnify Agent and hold it harmless against other entity employed by Agent) in making examinations, investigations or collections, or otherwise in perfecting, maintaining, protecting or realizing upon any and all claims arising therefrom, and/or from lien or security interest or any person or entity claiming any interest, legal or equitable other interest in the Securities Collateral or any part thereof, etcother security for the Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Kendle International Inc), Credit Agreement (Kendle International Inc)

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No Liability of Agent. Agent shall not be liable for any acts, omissions, errors of fact or law, with respect to the Collateral, its handling, disposition, sale, etc. except for willful misconduct or gross negligence. Pledgor shall indemnify Agent and hold it harmless against any and all claims arising therefrom, and/or from any person or entity claiming any interest, legal or equitable in the Collateral or any part thereof, etc. This Agreement may be signed in counterparts, each being considered one and the same original.

Appears in 1 contract

Samples: Pledge Modification Agreement (Cadista Holdings Inc.)

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