Common use of Right to Counsel Clause in Contracts

Right to Counsel. The Warrant Agent may at any time consult with legal counsel reasonably satisfactory to it (who may be legal counsel for the Company), and the Warrant Agent shall incur no liability or responsibility to the Company or to any Warrant Holder for any action taken, suffered or omitted by the Warrant Agent in good faith in accordance with the opinion or advice of such counsel.

Appears in 18 contracts

Samples: Creditor Warrant Agreement (PHI Group, Inc./De), Creditor Warrant Agreement (PHI Group, Inc./De), Equity Warrant Agreement

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Right to Counsel. The Warrant Agent may at any time consult with legal counsel reasonably satisfactory to it (who may be legal counsel for the Company), and the Warrant Agent shall incur no liability or responsibility to the Company or to any Warrant Holder holder for any action taken, suffered or omitted by the Warrant Agent in good faith in accordance with the opinion or advice of such counsel.

Appears in 7 contracts

Samples: Warrant Agreement (Sun Healthcare Group Inc), Warrant Agreement (Apw LTD), Warrant Agreement (Genesis Health Ventures Inc /Pa)

Right to Counsel. The Warrant Agent may at any time consult with legal counsel reasonably satisfactory to it (who may be legal counsel for the Company), ) and the Warrant Agent shall incur no liability or responsibility to the Company or to any Warrant Holder holder for any action taken, suffered suffered, or omitted by the Warrant Agent in good faith in accordance with the opinion or advice of such counsel.

Appears in 5 contracts

Samples: Warrant Agreement (Global Signal Inc), Warrant Agreement (American Banknote Corp), Warrant Agreement (Global Signal Inc)

Right to Counsel. The Warrant Agent may at any time consult with legal counsel reasonably satisfactory to it (who may be legal counsel for the Company), and the Warrant Agent shall incur no liability or responsibility to the Company or to any Warrant Holder for any action taken, suffered or omitted by the Warrant Agent in good the absence of bad faith in accordance with the opinion or advice of such counsel.

Appears in 3 contracts

Samples: Warrant Agreement (Hornbeck Offshore Services Inc /La), Warrant Agreement (Hornbeck Offshore Services Inc /La), Creditor Warrant Agreement (Hornbeck Offshore Services Inc /La)

Right to Counsel. The Warrant Agent may at any time consult with legal counsel reasonably satisfactory to it (who may be legal counsel for the Company), ) and the Warrant Agent shall incur no liability or responsibility to the Company Company, to any Warrant holder, or to any Warrant Holder other Person, for any action taken, suffered suffered, or omitted by the Warrant Agent in good faith in accordance with the opinion or advice of such counsel.

Appears in 3 contracts

Samples: Warrant Agreement (Ap Wheels LLC), Warrant Agreement (Hayes Lemmerz International Inc), Warrant Agreement (Hayes Lemmerz International Inc)

Right to Counsel. The Warrant Agent may at any time consult with legal counsel reasonably satisfactory to it (who may be legal counsel for the Company), and the Warrant Agent shall incur no liability or responsibility to the Company or to any Warrant Holder holder for any action taken, suffered or omitted by the Warrant Agent in good faith in accordance with reliance on the opinion or advice of such counsel.

Appears in 3 contracts

Samples: Warrant Agreement, Warrant Agreement (Nortek Inc), Warrant Agreement (Nortek Inc)

Right to Counsel. The Warrant Agent may at any time consult with legal counsel reasonably satisfactory to it (who may be legal counsel for the Company), ) and the Warrant Agent shall incur no liability or responsibility to the Company or to any Warrant Holder holder for any action taken, suffered or omitted by the Warrant Agent in good faith in accordance with the opinion or advice of such counsel.

Appears in 2 contracts

Samples: Warrant Agreement (PSF Holdings LLC), Warrant Agreement (Barneys New York Inc)

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Right to Counsel. The Warrant Agent may at any time consult with legal counsel reasonably satisfactory to it (who may be legal counsel for the Company), but, in any case, shall be reasonably selected) and the Warrant Agent shall incur no liability or responsibility to the Company or to any Warrant Holder holder for any action taken, suffered or omitted by the Warrant Agent in good faith in accordance with the opinion or advice of such counsel.

Appears in 2 contracts

Samples: Warrant Agreement (Avatex Corp), Warrant Agreement (Avatex Funding Inc)

Right to Counsel. The Warrant Agent may at any time consult with legal counsel reasonably satisfactory to it (who may be legal counsel for the Company), and the Warrant Agent shall incur no liability or responsibility to the Company or to any Warrant Holder for any action taken, suffered or omitted by the Warrant Agent in good faith in accordance with the opinion or advice of such counsel.

Appears in 2 contracts

Samples: Warrant Agreement, Warrant Agreement (Halcon Resources Corp)

Right to Counsel. The Warrant Agent may at any time consult with legal counsel reasonably satisfactory to it (who may be legal counsel for the Company), and the Warrant Agent shall incur no liability or responsibility to the Company or to any Warrant Holder for any action taken, suffered or omitted by the Warrant Agent in good faith in accordance with the opinion or advice of such counsel.

Appears in 1 contract

Samples: Warrant Agreement

Right to Counsel. The Warrant Agent may at any time consult with legal counsel reasonably satisfactory to it (who may be legal counsel for the Company), ) and the Warrant Agent shall incur no liability or responsibility to the Company or to any Class A Warrant Holder holder for any action taken, suffered or omitted by the Warrant Agent in good faith in accordance with the opinion or advice of such counsel.

Appears in 1 contract

Samples: Warrant Agreement (Trump Entertainment Resorts Holdings Lp)

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