Common use of Employment of Agents and Counsel Clause in Contracts

Employment of Agents and Counsel. The Collateral Agent may execute any of its duties as the Collateral Agent hereunder and under any Collateral Document by or through employees, agents, and attorneys-in-fact and shall not be answerable to the Secured Parties, except as to money or securities received by it or its authorized agents, for the default or misconduct of any such agents or attorneys-in-fact selected by it with reasonable care. The Collateral Agent shall be entitled to advice of counsel concerning the contractual arrangement between the Collateral Agent and the Secured Parties and all matters pertaining to the Collateral Agent’s duties hereunder and under the Collateral Documents.

Appears in 7 contracts

Samples: Intercreditor Agreement, Intercreditor Agreement (Encore Capital Group Inc), Intercreditor Agreement (Encore Capital Group Inc)

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Employment of Agents and Counsel. The Collateral Agent may execute any of its duties as the Collateral Agent hereunder and under any Collateral Document by or through employees, agents, and attorneys-in-fact and shall not be answerable to the Secured PartiesLenders, except as to money or securities received by it or its authorized agents, for the default or misconduct of any such agents or attorneys-in-fact selected by it with reasonable care. The Collateral Agent shall be entitled to advice of counsel concerning the contractual arrangement between the Collateral Agent and the Secured Parties Lenders and all matters pertaining to the Collateral Agent’s duties hereunder and under the Collateral Documents.

Appears in 3 contracts

Samples: Intercreditor Agreement (United Stationers Inc), Intercreditor Agreement (United Stationers Inc), Borrowing Subsidiary Agreement (Photronics Inc)

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Employment of Agents and Counsel. The Collateral Agent may execute any of its duties as the Collateral Agent hereunder and under any Collateral Document by or through employees, agents, and attorneys-in-fact and shall not be answerable to the Secured PartiesLenders, except as to money or securities received by it or its authorized agents, for the default or misconduct of any such agents or attorneys-in-fact selected by it with reasonable care. The Collateral Agent shall be entitled to advice of counsel concerning the contractual arrangement between the Collateral Agent and the Secured Parties Lenders and all matters pertaining to the Collateral Agent’s 's duties hereunder and under the Collateral Documents.

Appears in 1 contract

Samples: Collateral Sharing Agreement (Ag-Chem Equipment Co Inc)

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