Common use of Reliance on Attorneys and Agents Clause in Contracts

Reliance on Attorneys and Agents. The Warrant Agent may execute and exercise any of the rights or powers hereby vested in it or perform any duty hereunder either itself or by or through its attorneys or agents, and the Warrant Agent shall not be answerable or accountable for any act, omission, default, neglect or misconduct of any such attorneys or agents or for any loss to the Company resulting from any such act, omission, default, neglect or misconduct, save to the extent arising from fraud, gross negligence, willful misconduct or bad faith (each as determined by a final, non-appealable judgment of a court of competent jurisdiction) in the selection and continued employment thereof.

Appears in 2 contracts

Samples: Warrant Assignment, Assumption and Amendment Agreement (REZOLVE GROUP LTD), Warrant Agreement (REZOLVE GROUP LTD)

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Reliance on Attorneys and Agents. The Warrant Rights Agent may execute and exercise any of the rights or powers hereby vested in it or perform any duty hereunder either itself or by or through its attorneys or agents, and the Warrant Rights Agent shall not be answerable answerable, liable or accountable for any act, omission, default, neglect or misconduct of any such attorneys or agents or for any loss to the Company resulting from any such act, omission, default, neglect or misconduct, save to the extent arising from fraud, absent gross negligence, bad faith or willful misconduct or bad faith (each as determined by a final, final non-appealable judgment of a court of competent jurisdiction) in the selection and continued employment thereof).

Appears in 2 contracts

Samples: Tax Benefit Preservation Plan (Upland Software, Inc.), Tax Benefit Preservation Plan (Upland Software, Inc.)

Reliance on Attorneys and Agents. The Warrant Rights Agent may execute and exercise any of the rights or powers hereby vested in it or perform any duty hereunder either itself (through its directors, officers and employees) or by or through its attorneys or agents, and the Warrant Rights Agent shall not be answerable or accountable for any act, omission, default, neglect or misconduct of any such attorneys or agents or for any loss to the Company or any other Person resulting from any such act, omission, default, neglect or misconduct, save to the extent arising from fraud, absent gross negligence, bad faith, or willful misconduct or bad faith (each as determined by a final, non-appealable judgment of a court of competent jurisdiction) in the selection and continued employment thereof.

Appears in 2 contracts

Samples: Rights Agreement (Infocus Corp), Rights Agreement (Infocus Corp)

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Reliance on Attorneys and Agents. The Warrant Agent may execute and exercise any of the rights or powers hereby vested in it or perform any duty hereunder either itself or by or through its attorneys or agents, and the Warrant Agent shall not be answerable or accountable for any act, omission, default, neglect or misconduct of any such attorneys or agents or for any loss to the Company resulting from any such act, omission, default, neglect or misconduct, save to the extent arising from the fraud, gross negligence, willful misconduct or bad faith (each as determined by a final, non-appealable judgment of a court of competent jurisdiction) in the selection and continued employment thereofof such attorneys or agents.

Appears in 1 contract

Samples: Warrant Agreement (REZOLVE GROUP LTD)

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