Common use of Right Not to Follow Certain Instructions Clause in Contracts

Right Not to Follow Certain Instructions. Notwithstanding Section 12.03(a) or any other term or provision of this Section 12, the Agent shall not be required to take, or to omit to take, any action (i) unless, upon demand, the Agent receives an indemnification satisfactory to it from the Lenders (or, to the extent applicable and acceptable to the Agent, any other Secured Party) against all liabilities that, by reason of such action or omission, may be imposed on, incurred by or asserted against the Agent or any Related Parties thereof or (ii) that is, in the opinion of the Agent, in its sole and absolute discretion, contrary to any Loan Document, applicable Law or the best interests of the Agent or any of its Affiliates or Related Parties.

Appears in 6 contracts

Samples: Credit Agreement and Guaranty (Nevro Corp), Credit Agreement and Guaranty (Allurion Technologies, Inc.), Credit Agreement and Guaranty (Allurion Technologies Holdings, Inc.)

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Right Not to Follow Certain Instructions. Notwithstanding Section 12.03(a) or any other term or provision of this Section 12, the Agent shall not be required to take, or to omit to take, any action (i) unless, upon demand, the Agent receives an indemnification satisfactory to it from the Lenders (or, to the extent applicable and acceptable to the Agent, any other Secured Party) against all liabilities that, by reason of such action or omission, may be imposed on, incurred by or asserted against the Agent or any Related Parties thereof or (ii) that is, in the opinion of the Agent, in its sole and absolute discretion, contrary to any Loan Document, applicable Law or the best interests of the Agent or any of its Affiliates or Related Parties.. 12.04

Appears in 1 contract

Samples: Credit Agreement (Xeris Biopharma Holdings, Inc.)

Right Not to Follow Certain Instructions. Notwithstanding Section 12.03(a) 14.3.1 or any other term or provision of this Section 1214, the Agent shall not be required to take, or to omit to take, any action (i) unless, upon demand, the Agent receives an indemnification satisfactory to it from the Lenders (or, to the extent applicable and acceptable to the Agent, any other Secured Party) against all liabilities that, by reason of such action or omission, may be imposed on, incurred by or asserted against the Agent or any Related Parties Party thereof or (ii) that is, in the opinion of the Agent, in its sole and absolute discretion, contrary to any Loan Document, applicable Law or the best interests of the Agent or any of its Affiliates or Related Parties.

Appears in 1 contract

Samples: Loan and Security Agreement (Mammoth Energy Services, Inc.)

Right Not to Follow Certain Instructions. Notwithstanding Section 12.03(a9.03(a) or any other term or provision of this Section 12Article 9, the Agent shall not be required to take, or to omit to take, any action (i) unless, upon demand, the Agent receives an indemnification satisfactory to it from the Lenders (or, to the extent applicable and acceptable to the Agent, any other Secured Party) against all liabilities that, by reason of such action or omission, may be imposed on, incurred by or asserted against the Agent or any Related Parties thereof or (ii) that is, in the opinion of the Agent, in its sole and absolute discretion, contrary to any Loan Document, applicable Law or the best interests of the Agent or any of its Affiliates or Related Parties.

Appears in 1 contract

Samples: Credit Agreement and Guaranty (NanoString Technologies Inc)

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Right Not to Follow Certain Instructions. Notwithstanding Section 12.03(aclause (a) or any other term or provision of this Section 12above, the no Agent shall not be required to take, or to omit to take, any action (i) unless, upon demand, the Administrative Agent or the Collateral Agent (as applicable) receives an indemnification satisfactory to it from the Lenders (or, to the extent applicable and acceptable to the Agentsuch agent, any other Secured Party) against all liabilities Liabilities that, by reason of such action or omission, may be imposed on, incurred by or asserted against the any Agent or any Related Parties Person thereof or (ii) that is, in the opinion of the Agent, in applicable Agent or its sole and absolute discretioncounsel, contrary to any Loan Document, Document or applicable Law or the best interests Requirement of the Agent or any of its Affiliates or Related Parties.Law. 68 SECOND LIEN CREDIT AGREEMENT DANKA OFFICE IMAGING

Appears in 1 contract

Samples: Credit Agreement (Danka Business Systems PLC)

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