Administrative Agent’s Duties. The grant to the Administrative Agent under this guarantee of any right or power does not impose upon the Administrative Agent any duty to exercise that right or power.
Appears in 10 contracts
Samples: Credit Agreement (Liberty Latin America Ltd.), Credit Agreement (Liberty Latin America Ltd.), Credit Agreement (Liberty Latin America Ltd.)
Administrative Agent’s Duties. (a) The grant to the Administrative Agent under this guarantee Agreement of any right or power does not impose upon the Administrative Agent any duty to exercise that such right or power. The Administrative Agent will have no obligation to take any steps to preserve any claim or other right against any Person or with respect to any Pledged Collateral.
Appears in 4 contracts
Samples: Pledge and Security Agreement (Veris Residential, L.P.), Pledge and Security Agreement (Veris Residential, L.P.), Pledge and Security Agreement (Mack Cali Realty L P)
Administrative Agent’s Duties. The grant to the Administrative Agent under this guarantee Agreement of any right or power does not impose upon the Administrative Agent any duty to exercise that right or power.
Appears in 1 contract
Samples: Guarantee Agreement (Photronics Inc)
