Common use of Failure to Act Clause in Contracts

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action.

Appears in 10 contracts

Samples: Loan Agreement (J&j Snack Foods Corp), Loan Agreement (Health Care Reit Inc /De/), Credit Agreement (Lodgenet Entertainment Corp)

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Failure to Act. Except for action expressly required of the Agent hereunderhereunder or under the other Loan Documents, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or and thereunder unless it shall be indemnified receive further assurances to its satisfaction by the Banks of their indemnification obligations under Section 8.05 against any and all liability and expense that which may be incurred by it the Agent by reason of taking taking, continuing to take, or continuing failing to take any such action.

Appears in 7 contracts

Samples: Credit Agreement (Sed International Holdings Inc), Credit Agreement (Gables Residential Trust), Credit Agreement (Cadmus Communications Corp/New)

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified receive further assurances to its satisfaction by from the Banks of their indemnification obligations under Section 10.5 hereof against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 5 contracts

Samples: Credit Agreement (Boston Private Financial Holdings Inc), Credit Agreement (Heartland Financial Usa Inc), Credit Agreement (Heartland Financial Usa Inc)

Failure to Act. Except for action expressly required of the Agent hereunderhereunder and under the other Basic Documents, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or and thereunder unless it shall be indemnified receive further assurances to its satisfaction by from the Banks of their indemnification obligations under Section 11.05 hereof against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action.

Appears in 4 contracts

Samples: Credit Agreement (Forest Oil Corp), Credit Agreement (Forest Oil Corp), Credit Agreement (Iusacell Group S a De C V)

Failure to Act. Except for action expressly required of the Agent hereunder, or under the other Loan Documents, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 3 contracts

Samples: Credit Agreement (National Consumer Cooperative Bank /Dc/), Loan Agreement (National Consumer Cooperative Bank /Dc/), Loan Agreement by and Among National Consumer Cooperative Bank and Certain Banks Named Therein and Fleet National (National Consumer Cooperative Bank /Dc/)

Failure to Act. Except for action expressly required of an Agent hereunder or under the Agent hereunderSecurity Documents, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks Lenders against any and all liability liability, cost and expense that may be incurred by it by reason of taking or continuing to take any such action.

Appears in 3 contracts

Samples: Loan and Security Agreement (Athersys, Inc / New), Loan and Security Agreement (BTHC VI Inc), Loan Agreement (Corvis Corp)

Failure to Act. Except for action expressly required of the any Agent hereunderunder this Agreement, the such Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 3 contracts

Samples: Credit Agreement (Sonat Inc), Credit Agreement (Sonat Inc), Credit Agreement (Sonat Inc)

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action.

Appears in 3 contracts

Samples: Ply Gem (Nortek Inc), Credit Agreement (Nortek Inc), Credit Agreement (Nortek Inc)

Failure to Act. Except for action expressly required of the Agent hereunder, or under the Security Documents, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action.

Appears in 3 contracts

Samples: Loan Agreement (Omega Healthcare Investors Inc), Credit Agreement (National Patent Development Corp), Loan Agreement (National Patent Development Corp)

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks Noteholders against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 3 contracts

Samples: Loan Agreement (Spectrx Inc), Loan Agreement (Spectrx Inc), Note Purchase Agreement by And (Guided Therapeutics Inc)

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks against any and all liability liabilities and expense that expenses which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 2 contracts

Samples: Loan Agreement (Coca Cola Bottling Co Consolidated /De/), Loan Agreement (Coca Cola Bottling Co Consolidated /De/)

Failure to Act. Except for action expressly required of the Agent hereunder, or under the Security Documents, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks Lenders against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 2 contracts

Samples: Agreement (Family Golf Centers Inc), Credit Agreement (Family Golf Centers Inc)

Failure to Act. Except for action expressly required of the an Agent hereunder, or under the Security Documents, each Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks Lenders against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 2 contracts

Samples: Credit Agreement (Edo Corp), Credit Agreement (Edo Corp)

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks Lenders against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action.

Appears in 2 contracts

Samples: Credit Agreement (Cornerstone Healthcare Plus Reit, Inc.), Credit Agreement (Grubb & Ellis Healthcare REIT II, Inc.)

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks Lenders against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 2 contracts

Samples: Credit Agreement (Saga Communications Inc), Credit Agreement (Saga Communications Inc)

Failure to Act. Except for action expressly required of the Agent hereunderhereunder or under the Other Documents, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it they shall be indemnified to its their satisfaction by the Banks against any and all liability and expense that may be incurred by it them by reason of taking or continuing to take any such action.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Meditrust Corp), Revolving Credit Agreement (Meditrust)

Failure to Act. Except for action expressly required of the Agent hereunder, the hereunder or under any other Loan Document Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks Lenders against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 2 contracts

Samples: Revolving Loan Agreement (Kennedy Wilson Inc), Revolving Loan Agreement (Kennedy Wilson Inc)

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks Lenders against any and all liability and expense that which may be incurred by it them by reason of taking or continuing to take any such action.

Appears in 2 contracts

Samples: Credit Agreement (Unified Western Grocers Inc), Credit Agreement (Unified Western Grocers Inc)

Failure to Act. Except for action expressly required of -------------- the Agent hereunder, the Agent Agents shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks Lenders against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 2 contracts

Samples: Credit Agreement (Pg&e Gas Transmission Northwest Corp), Credit Agreement (Pg&e Gas Transmission Northwest Corp)

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks Lessors against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Purchase and Master Lease Agreement (Novellus Systems Inc)

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder under this Agreement and the other Loan Documents unless it shall be indemnified to its satisfaction by the Banks against any and all liability and expense that expenses which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Valley National Gases Inc)

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks Lenders against any and all liability and expense that expenses which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Houston Exploration Co)

Failure to Act. Except for action expressly required of the Agent hereunderAgents hereunder or under the Other Documents, the Agent Agents shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it they shall be indemnified to its their satisfaction by the Banks against any and all liability and expense that may be incurred by it them by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Revolving Credit Agreement (Meditrust)

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action.. 76

Appears in 1 contract

Samples: Loan Agreement (J&j Snack Foods Corp)

Failure to Act. Except for action expressly required of the Agent Agents hereunder, the each Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks Lenders against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Teletrac Inc /De)

Failure to Act. Except for action expressly required of the Agent hereunder, the The Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder under the Transaction Documents unless it shall be indemnified to its satisfaction by the Banks Lenders against any and all liability and expense that expenses which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit and Investment Agreement (Vincam Group Inc)

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified receive further assurances to its satisfaction by from the Banks of their indemnification obligations under Section 12.5 hereof against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Loan and Security Agreement (Pilgrims Pride Corp)

Failure to Act. Except for action expressly ----------------- required of the Agent hereunderhereunder or under any of the Credit Documents, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder (as the case may be) unless it shall be indemnified to its satisfaction by the Banks against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Cerner Corp /Mo/)

Failure to Act. Except for action expressly required of the Agent hereunder, the The Agent shall in all cases be fully -------------- justified in failing or refusing to act hereunder or thereunder under the Operative Documents unless it shall be indemnified to its satisfaction by the Banks Lenders against any and all liability and expense that expenses which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit and Investment Agreement (Scientific Atlanta Inc)

Failure to Act. Except for action expressly required of the -------------- Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks against any and all liability liabilities and expense that expenses which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Loan Agreement (Coca Cola Bottling Co Consolidated /De/)

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified receive further assurances to its satisfaction by from the Banks of their indemnification obligations under SECTION 10.5 hereof against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Revolving Credit Agreement (Oea Inc /De/)

Failure to Act. Except for action expressly required of ------------- -------------- the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks Lenders against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Voyager Net Inc)

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be is indemnified to its satisfaction by the Banks Lenders against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Asa Holdings Inc)

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Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks against any and all liability and expense that expenses which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Loan Agreement (Ipalco Enterprises Inc)

Failure to Act. Except for action expressly required of the -------------- Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks Lenders against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Interep National Radio Sales Inc)

Failure to Act. Except for action expressly required of the -------------- Agent hereunder, the Agent Agents shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks Lenders against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Pg&e Gas Transmission Northwest Corp)

Failure to Act. Except for action expressly required of the Agent hereunder, or under the Security Documents, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Loan Agreement (Linc Group Inc)

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or and thereunder unless it shall be indemnified receive further assurances to its satisfaction by the Banks of their indemnification obligations under Section 7.05 against any and all liability and expense that which may be incurred by it the Agent by reason of taking taking, continuing to take, or continuing failing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Thomas & Betts Corp)

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder under the Loan Documents unless it shall be indemnified to its satisfaction by the Banks Banks, pro rata, in the same proportion that their respective Commitments bear to the sum of all Commitments of all Banks, against any and all liability and expense that which may be incurred by it Agent by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (United Grocers Inc /Or/)

Failure to Act. Except for action expressly required of the Agent hereunder, hereunder the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Bemis Co Inc)

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be by fully justified in failing or refusing to act hereunder or thereunder unless it shall be is indemnified to its satisfaction by the Banks Lenders against any and all liability and expense that expenses which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Asa Holdings Inc)

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified receive further assurances to its satisfaction by from the Banks of their indemnification obligations under Section 11.05 hereof against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Pep Boys Manny Moe & Jack)

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks Holders against any and all liability liability, cost and expense that may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Note and Warrant Purchase and Security Agreement (SANUWAVE Health, Inc.)

Failure to Act. Except for action expressly required of the Agent hereunderhereunder or under the other Loan Documents, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks Lenders against any and all liability (except gross negligence and willful misconduct) and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Sbarro Inc)

Failure to Act. Except for action actions expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Telos Corp)

Failure to Act. Except for action expressly required of the Agent hereunderhereunder and under the other Basic Documents, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or and thereunder unless it shall be indemnified receive further assurances to its satisfaction by from the Banks Lenders of their indemnification obligations under Section 12.05 hereof against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Cornell Corrections Inc)

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks Xxxxxxx against any and all liability and expense that which may be incurred by it them by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Certified Grocers of California LTD)

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder under any Related Document unless it shall be indemnified receive further assurances to its satisfaction by from the Banks of their indemnification obligations under Section 11.5 against any and all liability and expense that may be incurred by it in its capacity as Agent hereunder by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement

Failure to Act. Except for action expressly required ------------- of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks Lenders against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Voyager Net Inc)

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks Lenders against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action.and

Appears in 1 contract

Samples: Onyx Acceptance Corp

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified receive further assurances to its satisfaction by from the Banks Lenders of their indemnification obligations under Section 13.5 hereof against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Loan and Security Agreement (Opticare Health Systems Inc)

Failure to Act. Except for action expressly required of an Agent hereunder or under the Agent hereunderSecurity Documents, the such Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks Lenders against any and all liability and expense that (except to the extent resulting from gross negligence and willful misconduct) which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Credit Agreement (Lexent Inc)

Failure to Act. Except for action expressly required of the Agent -------------------- hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks Lenders against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such action.

Appears in 1 contract

Samples: Consumer Portfolio Services Inc

Failure to Act. Except for action expressly required of the Agent hereunder, the Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it shall be indemnified to its satisfaction by the Banks Lenders against any and all liability and expense that which may be incurred by it by reason of taking or continuing to take any such actionaction (except any such liability or expense resulting solely from Agent's gross negligence or willful misconduct).

Appears in 1 contract

Samples: Loan and Security Agreement (Cunningham Graphics International Inc)

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