Limited Obligation or Liability. In exercising remedies, whether as a secured creditor or otherwise, the ABL Agent shall have no obligation or liability to the Term Agents or to any Term Secured Party, and the Term Agents shall have no obligation or liability to the ABL Agent or any ABL Secured Party, regarding the adequacy of any Proceeds or for any action or omission, except solely for an action or omission that breaches the express obligations undertaken by each Party under the terms of this Agreement.
Appears in 6 contracts
Samples: Abl Credit Agreement (Hayward Holdings, Inc.), Credit Agreement (Hayward Holdings, Inc.), Security Agreement (Hayward Holdings, Inc.)
Limited Obligation or Liability. In exercising remedies, whether as a secured creditor or otherwise, the ABL Agent shall have no obligation or liability to the any Term Agents Agent or to any Term Secured Party, and the no Term Agents Agent shall have no any obligation or liability to the ABL Agent or any ABL Secured Party, regarding the adequacy of any Proceeds or for any action or omission, except solely for an action or omission that breaches the express obligations undertaken by each Party under the terms of this Agreement.
Appears in 4 contracts
Samples: Credit Agreement (Horizon Global Corp), Loan Agreement (Horizon Global Corp), Intercreditor Agreement (Horizon Global Corp)
Limited Obligation or Liability. In exercising remedies, whether as a secured creditor or otherwise, the ABL Agent shall have no obligation or liability to the Term Agents Agent or to any Term Secured PartyNoteholder, and the Term Agents Agent shall have no obligation or liability to the ABL Agent or any ABL Secured PartyLender, regarding the adequacy of any Proceeds or for any action or omission, save and except solely for an action or omission that breaches the express obligations undertaken by each Party under the terms of this Agreement.
Appears in 1 contract
Limited Obligation or Liability. In exercising remedies, whether as a secured creditor or otherwise, the ABL Agent shall have no obligation or liability to the Term Agents Agent or to any Term Secured PartyLender, and the Term Agents Agent shall have no obligation or liability to the ABL Agent or any ABL Secured PartyLender, regarding the adequacy of any Proceeds or for any action or omission, save and except solely for an action or omission that breaches the express obligations undertaken by each Party under the terms of this Agreement.
Appears in 1 contract
Samples: Intercreditor Agreement (Hertz Corp)
