Common use of Actions by Administrative Agent Clause in Contracts

Actions by Administrative Agent. The Required Lenders may direct the Administrative Agent in writing as to the method and the extent of any sale or other disposition of any collateral or other property of Borrower and shall indemnify and hold the Administrative Agent harmless from all liabilities incurred in respect to all actions taken or omitted in accordance with such directions provided that Administrative Agent need not comply with any such directions to the extent Administrative Agent reasonably believes the Administrative Agent’s compliance with such directions would constitute a violation of the obligations undertaken by the Administrative Agent and/or Lenders under the Credit Documents, or will constitute a violation of any statute, ordinance or regulation applicable to the Administrative Agent or be commercially unreasonable in any applicable jurisdiction.

Actions by Administrative Agent. The Required Lenders may direct the Administrative Agent in writing as to the method and the extent of any sale of the Collateral or other disposition of any collateral or other property of Borrower and shall indemnify and hold the Administrative Agent harmless from all liabilities incurred in respect to all actions taken or omitted in accordance with such directions provided that Administrative Agent need not comply with any such directions to the extent Administrative Agent reasonably believes the Administrative Agent’s compliance with such directions would constitute a violation of the obligations undertaken by the Administrative Agent and/or Lenders under the Credit Documents, or will constitute a violation of any statute, ordinance or regulation applicable to the Administrative Agent or be commercially unreasonable in any applicable jurisdictionAgent.

Actions by Administrative Agent. The Required Lenders may direct the Administrative Agent in writing as to the method and the extent of any sale of the Collateral or other disposition of any collateral or other property of Borrower and shall indemnify and hold the Administrative Agent harmless from all liabilities incurred in respect to all actions taken or omitted in accordance with such directions provided that Administrative Agent need not comply with any such directions to the tot he extent Administrative Agent reasonably believes the Administrative Agent’s 's compliance with such directions would constitute a violation of the obligations undertaken by the Administrative Agent and/or Lenders under the Credit Loan Documents, or will -58- constitute a violation of any statute, ordinance or regulation applicable to the Administrative Agent or be commercially unreasonable in any applicable jurisdictionAgent.