Common use of Liability of the Agents Clause in Contracts

Liability of the Agents. None of the Agent-Related Persons shall (a) be liable for any action taken or omitted to be taken by any of them under or in connection with this Agreement or any other Loan Document or the transactions contemplated hereby (except for its own gross negligence or willful misconduct), or (b) be responsible in any manner to any of the Lenders for any recital, statement, representation or warranty made by any Borrower or Affiliate of any Borrower, or any officer or director thereof, contained in this Agreement or in any other Loan Document, or in any certificate, report, statement or other document referred to or provided for in, or received by any Agent under or in connection with, this Agreement or any other Loan Document, or the validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan Document, or for any failure of any Borrower or any other party to any Loan Document to perform its obligations hereunder or thereunder. No Agent Related Person shall be under any obligation to any Lender to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the books and records or properties of the Borrowers or the books or records or properties of any of the Borrowers’ Subsidiaries or Affiliates.

Appears in 1 contract

Samples: Loan and Security Agreement (Silicon Graphics Inc)

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Liability of the Agents. None of the Agent-Agents or any of their respective Related Persons Parties shall (a) be liable for any action taken or omitted to be taken by any of them under or in connection with this Agreement or any other Loan Document or the transactions contemplated hereby (except for its own gross negligence or willful misconduct), or (b) be responsible in any manner to any of the Lenders for any recital, statement, representation representation, or warranty made by any Borrower or Affiliate of any Borrower, or any officer or director thereof, contained in this Agreement or in any other Loan Document, or in any certificate, report, statement statement, or other document referred to or provided for in, or received by any an Agent under or in connection with, this Agreement or any other Loan Document, or the validity, effectiveness, genuineness, enforceability enforceability, or sufficiency of this Agreement or any other Loan Document, or for any failure of any Borrower or any other party to any Loan Document to perform its obligations hereunder or thereunder. No Agent None of the Agents or any of their respective Related Person Parties shall be under any obligation to any Lender to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the books and records or properties of the Borrowers or the books properties, books, or records or properties of any of the Borrowers’ Subsidiaries Borrower or any Borrower’s Affiliates.

Appears in 1 contract

Samples: Credit Agreement (Babyuniverse, Inc.)

Liability of the Agents. None of the Agent-Agents or any of their respective Related Persons shall (a) be liable for any action taken or omitted to be taken by any of them under or in connection with this Agreement or any other Loan Document or the transactions contemplated hereby (except for its own gross negligence or willful misconduct), or (b) be responsible in any manner to any of the Lenders for any recital, statement, representation representation, or warranty made by any Borrower or Affiliate of any Borrower, or any officer or director thereof, contained in this Agreement or in any other Loan Document, or in any certificate, report, statement statement, or other document referred to or provided for in, or received by any an Agent under or in connection with, this Agreement or any other Loan Document, or the validity, effectiveness, genuineness, enforceability enforceability, or sufficiency of this Agreement or any other Loan Document, or for any failure of any Borrower or any other party to any Loan Document to perform its obligations hereunder or thereunder. No Agent None of the Agents or any of their respective Related Person Persons shall be under any obligation to any Lender to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the books and records or properties of the Borrowers or the books properties, books, or records or properties of any of the Borrowers’ Subsidiaries Borrower or any Borrower’s Affiliates.

Appears in 1 contract

Samples: Loan and Security Agreement (Metals USA Plates & Shapes Southcentral, Inc.)

Liability of the Agents. None of the Agent-Related Persons shall (a) be liable for any action taken or omitted to be taken by any of them under or in connection with this Agreement or any other Loan Credit Document or the transactions contemplated hereby (except for its own gross negligence or willful misconduct), ) or (b) be responsible in any manner to any of the Lenders for any recital, statement, representation representation, or warranty made by any Borrower Credit Party or any Affiliate of any BorrowerCredit Party, or any officer or director thereof, contained in this Agreement or in any other Loan Credit Document, or in any certificate, report, statement statement, or other document referred to or provided for in, or received by any Agent under or in connection with, this Agreement or any other Loan Credit Document, or the validity, effectiveness, genuineness, enforceability enforceability, or sufficiency of this Agreement or any other Loan Credit Document, or for any failure of any Borrower Credit Party or any other party to any Loan Credit Document to perform its obligations hereunder or thereunder. No Agent None of the Agent-Related Person shall be Persons are under any obligation to any Lender to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Credit Document, or to inspect the books and records or properties of the Borrowers or the properties, books or records or properties of any of the Borrowers’ Subsidiaries Credit Party or any Credit Party's Affiliates.

Appears in 1 contract

Samples: Credit Agreement (Friedmans Inc)

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Liability of the Agents. None of the No Agent-Related Persons Person shall (a) be liable for any action taken or omitted to be taken by any of them under or in connection with this Agreement or any other Loan Document or the transactions contemplated hereby (except for its own gross negligence or willful misconductmisconduct in connection with its duties expressly set forth herein), or (b) be responsible in any manner to any of the Lenders Total Facility Bank or participant for any recital, statement, representation or warranty made by any Borrower or Affiliate of any Borrower, Obligor or any officer or director thereof, contained in this Agreement herein or in any other Loan Document, or in any certificate, report, statement or other document referred to or provided for in, or received by any Agent under or in connection with, this Agreement or any other Loan Document, or the validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan Document, or for any failure of any Borrower Obligor or any other party to any Loan Document to perform its obligations hereunder or thereunder. No Agent Agent-Related Person shall be under any obligation to any Lender Total Facility Bank or participant to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the books and records or properties of the Borrowers or the properties, books or records or properties of any of the Borrowers’ Subsidiaries Obligors or Affiliatesany Affiliate thereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Eog Resources Inc)

Liability of the Agents. None of the Agent-Related Persons shall (ai) be liable for any action taken or omitted to be taken by any of them under or in connection with this Agreement or any other Loan Document or the transactions contemplated hereby (except for its own gross negligence or willful misconduct), or (bii) be responsible in any manner to any of the Lenders Lender Parties for any recital, statement, representation or warranty made by the Borrower or any Borrower Subsidiary or Affiliate of any the Borrower, or any officer or director thereof, contained in this Agreement or in any other Loan Document, or in any certificate, report, statement or other document referred to or provided for in, or received by any Agent under or in connection with, this Agreement or any other Loan Document, or the validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan Document, or for any failure of any the Borrower or any other party to any Loan Document to perform its obligations hereunder or thereunder. No Agent Agent-Related Person shall be under any obligation to any Lender Party to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the books and records or properties of the Borrowers or the properties, books or records or properties of the Borrower or any of the Borrowers’ Borrower's Subsidiaries or Affiliates.

Appears in 1 contract

Samples: Credit Agreement (Qualcomm Inc/De)

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