Common use of Refusal to Act Clause in Contracts

Refusal to Act. Except for notices and actions expressly required of each of the Agents hereunder and except for the performance of expressed obligations under the Operative Documents by the Administrative Agent or the Collateral Agent, each of the Agents shall in all cases be fully justified in failing or refusing to act unless (a) it is indemnified to its reasonable satisfaction by the Participants or the Rent Assignees, as applicable, against any and all liability and reasonable expense which may be incurred by it by reason of taking or continuing to take any such action

Refusal to Act. Except for notices and actions expressly -------------- required of each of the Agents hereunder and except for the performance of expressed obligations Agent under the Operative Documents by the Administrative Documents, Agent or the Collateral Agent, each of the Agents shall in all cases be fully justified in failing or refusing to act act, unless (a) it is indemnified to its reasonable satisfaction by the Participants or the Rent Assignees, as applicable, against any and all liability and reasonable expense which may be incurred by it by reason of taking or continuing to take any such actionaction and (b) it is reasonably satisfied that such action is not contrary to any Operative Document or to any applicable law.

Refusal to Act. Except for notices and actions action expressly required of each of the Agents hereunder and except for the performance of expressed obligations under the Operative Documents by the Administrative Agent or the Collateral AgentAgent hereunder, each of the Agents shall in all cases each be fully justified in failing or refusing to act hereunder unless (a) it is shall be indemnified to its reasonable satisfaction by the Participants or the Rent Assignees, as applicable, Banks against any and all liability and reasonable expense which may be incurred by it by reason of taking or continuing to take any such action. In all cases in which this Agreement does not require the Agents or either of them to take certain actions, the Agents shall be fully justified in using their discretion in failing to take or in taking any action hereunder.