Common use of Delegation of Duties by Administrative Agent Clause in Contracts

Delegation of Duties by Administrative Agent. Administrative Agent may execute any of its duties under this Agreement by or through Administrative Agents, employees or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. Administrative Agent shall not be responsible for the negligence or misconduct of any Administrative Agent or attorney-in-fact that it selects with reasonable care.

Appears in 3 contracts

Samples: Securities Pledge Agreement (Leap Wireless International Inc), Securities Pledge Agreement (Leap Wireless International Inc), Securities Pledge Agreement (Leap Wireless International Inc)

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Delegation of Duties by Administrative Agent. Administrative Agent may execute any of its duties under this Agreement by or through the Administrative Agents, employees or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. Administrative Agent shall not be responsible for the negligence or misconduct of any Administrative Agent or attorney-in-fact that it selects with reasonable care.

Appears in 1 contract

Samples: Credit Agreement (Qualcomm Inc/De)

Delegation of Duties by Administrative Agent. Administrative Agent may execute any of its duties under this Agreement by or through Administrative Agentsagents, employees or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. Administrative Agent shall not be responsible for the negligence or misconduct of any Administrative Agent agent or attorney-in-fact that it selects with reasonable care.

Appears in 1 contract

Samples: Deferred Payment Agreement (Leap Wireless International Inc)

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Delegation of Duties by Administrative Agent. Administrative Agent may execute any of its duties under this Agreement by or through Administrative Agentsthe agents, employees or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. Administrative Agent shall not be responsible for the negligence or misconduct of any Administrative Agent agent or attorney-in-fact that it selects with reasonable care.

Appears in 1 contract

Samples: Credit Agreement (Qualcomm Inc/De)

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