Common use of Agent Reliance Clause in Contracts

Agent Reliance. The Consenting Lenders, which constitute holders of 100% of the aggregate outstanding principal amount of Credit Agreement Claims hereby authorize and instruct the applicable Agent to comply with this Section 4.01 (the “Instruction”). Nothing in this Section 4.01 shall operate to in any way limit or override the rights, privileges, protections, indemnity and immunities conferred upon an Agent (acting solely in such capacity) under the applicable Credit Agreement and related Financing Documents (as defined in such Credit Agreement) in connection with the performance of their duties (if any) under this Agreement. To the extent this Agreement or the applicable Financing Documents (as defined in the Credit Agreements) provide for the Agents thereunder, acting in any Agent capacity, to give instructions or directions to itself in any other Agent capacity, this Instruction shall be deemed to satisfy such provision and all such provisions in the applicable Financing Documents (as defined in the Credit Agreements) shall be deemed satisfied with respect to the actions taken or not taken by each Agent in connection with this Agreement. No Agent is under any obligation to take action in connection with this Agreement unless it receives subsequent binding written instructions given in accordance with the applicable Financing Documents (as defined in the Credit Agreements). For the avoidance of doubt, each Agent is entitled to rely on the Instruction and to treat the Instruction as an instruction given under the applicable Financing Documents (as defined in the Credit Agreements) and all provisions in such Financing Documents (as defined in the Credit Agreements) shall be deemed satisfied with respect to the actions taken or not taken by each Agent in connection with the Instruction (as defined in the Credit Agreements).