We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

No Obligation to Take Action Sample Clauses

No Obligation to Take ActionBuyer shall have no obligation to perform any of Seller’s obligations under any Purchased Receivables or to take any action or commence any proceedings to realize upon any Purchased Receivables (including without limitation any defaulted Purchased Receivables), or to enforce any of its rights or remedies with respect thereto.
No Obligation to Take ActionBorrower hereby agrees and acknowledges that neither the acceptance of this Agreement or any other Security Document by Lender nor the exercise of, or failure to exercise, any right, power or remedy in this Agreement or in any other Security Document conferred upon Lender shall be deemed or construed to obligate Lender to pay any sum of money, take any other action or incur any liability in connection with, or collect or realize upon, any of the Contracts or any other Collateral. It is further agreed and understood by Borrower that Lender shall not be liable in any way for any cost, expense or liability connected with, or any charge or liability arising from, any of the Contracts, any of the contracts of purchase in respect of the Timeshare Units, any of the Property-Related Contracts or any other Collateral.
No Obligation to Take Action. Except for action expressly required to be taken by Representative hereunder and under the terms and conditions of the Subscription Agreement, Representative shall be entitled to refrain from taking any action hereunder unless Representative shall be indemnified by all Note Holders to Representative’s satisfaction from any and all liability and expense it may incur by reason of taking such action. If Representative declines to take action hereunder, the Note Holders may designate a new sole representative by a vote of the Note Holders holding at least a majority of the outstanding principal of the Notes and such new sole representative shall have the same authority to act on behalf of the Note Holders as granted to Representative hereunder.
No Obligation to Take ActionAgainst Borrower
No Obligation to Take ActionThe Agent shall be under no obligation to take any action hereunder or under any other Loan Document if the Agent believes in good faith that taking such action may conflict with any Law or any provision of this Agreement or any other Loan Document, or may require the Agent to qualify to do business in any jurisdiction where it is not then so qualified.
No Obligation to Take Action. Buyer has a right, but no obligation, to perform Seller's obligations.
No Obligation to Take Action. The Collateral Agent shall be under no obligation to take any action hereunder or under any other Shared Security Document if the Collateral Agent believes in good faith that taking such action may conflict with any Law or any provision of this Agreement or any other Shared Security Document, or may require the Collateral Agent to qualify to do business in any jurisdiction where it is not then so qualified.
No Obligation to Take Action. The Administrative Agent shall be under no obligation to take any action hereunder or under any other Loan Document if the Administrative Agent believes in good faith that taking such action may conflict with any Law or any provision of this Agreement or any other Loan Document, or may require the Administrative Agent to qualify to do business in any jurisdiction where it is not then so qualified.
No Obligation to Take Action. GSRP hereby agrees and acknowledges that neither the acceptance of this Agreement or any other Security Document by the Administrative Agent or the Lenders nor the exercise of, or failure to exercise, any right, power or remedy in this Agreement or in any other Security Document conferred upon the Administrative Agent or the Lenders shall be deemed or construed to obligate the Administrative Agent or any of the Lenders to pay any sum of money, take any other action or incur any liability in connection with, or collect or realize upon, any of the Contracts or any other Collateral. It is further agreed and understood by GSRP that the neither the Administrative Agent nor the Lenders shall be liable in any way for any cost, expense or liability connected with, or any charge or liability arising from, any of the Contracts, any of the contracts of purchase in respect of the Commercial Units, any of the Property-Related Contracts or any other Collateral.
No Obligation to Take Action. Against the Issuer 99 SECTION 11.15 Dealing with the Issuer and Others 99 SECTION 11.16 Default and Enforcement 100 SECTION 11.17 Amendment, Etc. 100 SECTION 11.18 Acknowledgment 100 SECTION 11.19 Costs and Expenses 100 SECTION 11.20 No Waiver; Cumulative Remedies 100 SECTION 11.21 Survival of Guarantee Obligations 100 SECTION 11.22 Guarantee in Addition to Other Guarantee Obligations 101 SECTION 12.01 Trust Indenture Act Controls 101 SECTION 12.02 Notices 101 SECTION 12.03 Communications by Holders with Other Holders 102 SECTION 12.04 Certificate and Opinion as to Conditions Precedent 102 SECTION 12.05 Statements Required in Certificate or Opinion 103 SECTION 12.06 Rules by Trustee and Agents 103 SECTION 12.07 Legal Holidays 103 SECTION 12.08 Governing Law; Waiver of Jury Trial 103