No Duty to Act Sample Clauses

No Duty to Act. We shall not be obligated to act on any instructions, order, payment, communication or other transaction not transmitted in accordance with this Master Agreement or the Security Procedures, and we may refuse to act on any instructions, order, payment, communication or other transaction where we reasonably doubt its authorization, contents, origination or compliance with the Security Procedures or this Agreement. We shall be entitled to act on any properly effectuated communication and shall not be obligated to verify the content of such communication, establish the identity of the person giving it, or await any confirmation thereof, and we shall not be liable for acting on, and you shall be bound by, any communication sent in the name of Customer, whether or not authorized.
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No Duty to Act. Nothing contained in this Agreement or any of the other Loan Documents shall be construed as requiring Lender to take any particular enforcement or remedial action or combination of enforcement or remedial actions at any time.
No Duty to Act. Except as may otherwise be provided by law or by another term of this LEASE, the reservation of a right by CALTRANS to enter upon the PROPERTY and perform any act will not be deemed to: (i) impose any obligation on CALTRANS to do so; (ii) make CALTRANS responsible to LESSEE or any third party for the failure to do so; or (iii) relieve LESSEE from any of its obligations under this LEASE.
No Duty to Act. Lender shall be under no duty or obligation (i) to preserve, process, develop, maintain or protect the Note Collateral or any of Borrower’s rights or interests therein, or (ii) to make or give any notices of default, presentments, demands for performance, notices of non-performance or dishonor, protests, notices of protests or notices of any other nature whatsoever in connection with the Note Collateral on behalf of Borrower or any other Person having any interest therein; and Lender does not assume and shall not be obligated to perform the obligations of Borrower, if any, with respect to the Note Collateral.
No Duty to Act. Nothing contained in this Agreement or any of the other Loan Documents shall be construed as requiring Investment Manager or the L/C Guarantors to take any
No Duty to Act. Each Holder by its acceptance of Preferred Securities, acknowledges that the Placement Agent shall be under no duty to take any discretionary action permitted to be taken by it pursuant to the provisions of this Agreement or any other Transaction Document unless it shall be requested in writing to do so by a majority in Liquidation Preference of the Holders of Preferred Securities.
No Duty to Act. 22 Section 11.4.
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No Duty to Act. The Administrative Agent shall not be required to execute any such document on terms which, in the Administrative Agent’s opinion, would expose the Administrative Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (ii) such release shall not in any manner discharge, affect or impair the Obligations or any Liens upon (or obligations of the Company or any of its Subsidiaries in respect of) all interests retained by the Company or any of its Subsidiaries, including (without limitation) the proceeds of any sale, all of which shall continue to constitute part of the Collateral.
No Duty to Act. Neither the Administrative Agent nor the Note Collateral Agent shall be under any obligation or duty to take any action under this Agreement or any Collateral Document if taking such action (i) would subject it to a tax in any jurisdiction where it is not then subject to a tax or (ii) would require it to qualify to do business in any jurisdiction where it is not then so qualified, unless it receives security or indemnity satisfactory to it against such tax (or equivalent liability), or any liability resulting from such qualification, in each case as results from the taking of such action under this Agreement or any Collateral Document.
No Duty to Act. (a) The powers conferred on the Purchaser by this Section are solely to protect the Purchaser’s interests in the Collateral and do not impose any duty to exercise any such powers. The Purchaser shall not be responsible for any act or failure to act in good faith, except for the Purchaser’s own gross negligence or willful misconduct.
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