Common use of Action in Good Faith, etc Clause in Contracts

Action in Good Faith, etc. The Agent and its officers, ------------------------- directors, employees and agents shall be under no liability to any of the Lenders or to any future holder of any interest in the Credit Obligations for any action or failure to act taken or suffered in good faith, and any action or failure to act in accordance with an opinion of its counsel shall conclusively be deemed to be in good faith. The Agent shall in all cases be entitled to rely, and shall be fully protected in relying, on instructions given to the Agent by the Required Lenders.

Appears in 3 contracts

Samples: Credit Agreement (Sba Communications Corp), Credit Agreement (Sba Communications Corp), Credit Agreement (Westower Corp)

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Action in Good Faith, etc. The Agent and its officers, ------------------------- directors, employees and agents shall be under no liability to any of the Lenders or to any future holder of any interest in the Credit Obligations for any action or failure to act taken or suffered in good faithfaith and not constituting gross negligence, and any action or failure to act in accordance with an a written opinion of its counsel shall conclusively be deemed to be in good faithfaith and not grossly negligent. The Agent shall in all cases be entitled to rely, and shall be fully protected in relying, on instructions given to the Agent by the Required Lendersrequired holders of Credit Obligations as provided in this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Chemfab Corp), Credit Agreement (Booth Creek Ski Holdings Inc), Credit Agreement (Ski Lifts Inc)

Action in Good Faith, etc. The Each Agent and its officers, ------------------------- directors, employees and agents shall be under no liability to any of the Lenders or to any future holder of any interest in the Credit Obligations for any action or failure to act taken or suffered in good faith, and any action or failure to act in accordance with an opinion of its counsel shall conclusively be deemed to be in good faith; provided, however, that the foregoing shall not extend to actions or omissions which are taken by an Agent with gross negligence or willful misconduct. The Each Agent shall in all cases be entitled to rely, and shall be fully protected in relying, on instructions given to the Agent by the Required Lendersrequired holders of Credit Obligations as provided in this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Charter Communications Inc /Mo/), Credit Agreement (Charter Communications Inc /Mo/)

Action in Good Faith, etc. The Agent and its officers, ------------------------- directors, employees and agents shall be under no liability to any of the Lenders or to any future holder of any interest in the Credit Obligations for any action or failure to act taken or suffered in good faith, and any action or failure to act in accordance with an opinion of its counsel shall conclusively be deemed to be in good faith. The Agent shall in all cases be entitled to rely, and shall be fully protected in relying, on instructions given to the Agent by the Required Lendersrequired holders of Credit Obligations as provided in this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Transmontaigne Inc), Credit Agreement (Transmontaigne Oil Co)

Action in Good Faith, etc. The Agent and its officers, ------------------------- directors, ------------------------- employees and agents shall be under no liability to any of the Lenders or to any future holder of any interest in the Credit Obligations for any action or failure to act taken or suffered in good faith, and any action or failure to act in accordance with an opinion of its counsel shall conclusively be deemed to be in good faith. The Agent shall in all cases be entitled to rely, and shall be fully protected in relying, on instructions given to the Agent by the Required Lendersrequired holders of Credit Obligations as provided in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Ameripath Inc)

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Action in Good Faith, etc. The Each Agent and its officers, ------------------------- directors, employees and agents shall be under no liability to any of the Lenders or to any future holder of any interest in the Credit Obligations for any action or failure to act taken or suffered in good faith, and any action or failure to act in accordance with an opinion of its counsel shall conclusively be deemed to be in good faith. The Each Agent shall in all cases be entitled to rely, and shall be fully protected in relying, on instructions given to the such Agent by the Required Lendersrequired holders of Credit Obligations as provided in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (American Tower Corp)

Action in Good Faith, etc. The Agent Managing Agents and its their officers, ------------------------- directors, employees and agents shall be under no liability to any of the Lenders or to any future holder of any interest in the Credit Obligations for any action or failure to act taken or suffered in good faith, and any action or failure to act in accordance with an opinion of its counsel shall conclusively be deemed to be in good faith. The Agent Managing Agents shall in all cases be entitled to rely, and shall be fully protected in relying, on instructions given to the Agent Managing Agents by the Required Lendersrequired holders of Credit Obligations as provided in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Central Maine Power Co)

Action in Good Faith, etc. The Agent and its officers, ------------------------- directors, employees and agents shall be under no liability to any of the Lenders or to any future holder of any interest in the Credit Obligations for any action or failure to act taken or suffered in good faith, and any action or failure to act in accordance with an opinion of its counsel shall conclusively be deemed to be in good faith. The Agent shall shall, as between the Lenders, in all cases be entitled to rely, and shall be fully protected in relying, on instructions given to the Agent by the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Marquee Group Inc)

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