No Obligation to Take Action. Buyer shall have no obligation to perform any of Seller’s obligations under any Purchased Receivables or to take any action or commence any proceedings to realize upon any Purchased Receivables (including without limitation any defaulted Purchased Receivables), or to enforce any of its rights or remedies with respect thereto.
No Obligation to Take Action. Buyer has a right, but no obligation, to perform Seller's obligations or to take action on any Purchased Receivable (including on defaulted Purchased Receivables).
No Obligation to Take Action. Borrower hereby agrees and acknowledges that neither the acceptance of this Agreement or any other Security Document by Lender nor the exercise of, or failure to exercise, any right, power or remedy in this Agreement or in any other Security Document conferred upon Lender shall be deemed or construed to obligate Lender to pay any sum of money, take any other action or incur any liability in connection with, or collect or realize upon, any of the Contracts or any other Collateral. It is further agreed and understood by Borrower that Lender shall not be liable in any way for any cost, expense or liability connected with, or any charge or liability arising from, any of the Contracts, any of the contracts of purchase in respect of the Timeshare Units, any of the Property-Related Contracts or any other Collateral.
No Obligation to Take Action. Except for action expressly required to be taken by Representative hereunder and under the terms and conditions of the Subscription Agreement, Representative shall be entitled to refrain from taking any action hereunder unless Representative shall be indemnified by all Note Holders to Representative’s satisfaction from any and all liability and expense it may incur by reason of taking such action. If Representative declines to take action hereunder, the Note Holders may designate a new sole representative by a vote of the Note Holders holding at least a majority of the outstanding principal of the Notes and such new sole representative shall have the same authority to act on behalf of the Note Holders as granted to Representative hereunder.
No Obligation to Take Action. Against Borrower
No Obligation to Take Action. The Agent shall be under no obligation to take any action hereunder or under any other Loan Document if the Agent believes in good faith that taking such action may conflict with any Law or any provision of this Agreement or any other Loan Document, or may require the Agent to qualify to do business in any jurisdiction where it is not then so qualified.
No Obligation to Take Action. The Collateral Agent shall be under no ---------------------------- obligation to take any action hereunder or under any other Shared Security Document or otherwise if the Collateral Agent believes in good faith that taking such action may conflict with any Law or any provision of this Agreement or any other Shared Security Document, may expose the Collateral Agent or any Secured Party to liability or may require the Collateral Agent to qualify to do business in any jurisdiction where it is not then so qualified.
No Obligation to Take Action. Except for action expressly required to be taken by the Servicer hereunder and under the other Loan Documents, the Servicer shall be entitled to refrain from taking any action hereunder unless it shall be indemnified to its satisfaction by the Lenders from any and all liability and expense it may incur by reason of taking such action. Wherever in the Loan Documents provision is made for indemnity by the Lenders, if the Lender or Lenders providing such indemnity has an aggregate net worth or net asset value of at least $50,000,000, as set forth in its most recent audited financial statements or as otherwise satisfactorily demonstrated to the Servicer, the Servicer shall not require any indemnity bond or other security for such indemnity. Such indemnity shall be only for those actions or inaction taken or not taken at the actual direction of the Lenders holding the designated proportion of principal of the Loan, as required hereunder. In any case where more than one Lender is providing indemnity, such indemnity shall be several and not joint and, as to each Lender, such indemnity obligation shall not exceed its percentage interest of the outstanding principal amount of the Loan. If provided indemnity, the Servicer shall (i) be required to provide the indemnifying Lenders written notice of any claim which may be covered by the indemnification and, upon request of any indemnifying Lender, to provide to such Lender copies of all documents received by the Servicer in connection therewith; (ii) at the indemnifying Lenders' request, tender to such Lenders control of the defense (and settlement) of any such claim and cooperate with the indemnifying Lenders in such defense; and (iii) have no claim for indemnification for any settlement of any claim unless written notice of such settlement has been first furnished to the indemnifying Lenders and such Lenders shall have consented, in writing, to such settlement.
No Obligation to Take Action. Against the Issuer 99 SECTION 11.15 Dealing with the Issuer and Others 99 SECTION 11.16 Default and Enforcement 100 SECTION 11.17 Amendment, Etc. 100 SECTION 11.18 Acknowledgment 100 SECTION 11.19 Costs and Expenses 100 SECTION 11.20 No Waiver; Cumulative Remedies 100 SECTION 11.21 Survival of Guarantee Obligations 100 SECTION 11.22 Guarantee in Addition to Other Guarantee Obligations 101 ARTICLE TWELVE MISCELLANEOUS SECTION 12.01 Trust Indenture Act Controls 101 SECTION 12.02 Notices 101 SECTION 12.03 Communications by Holders with Other Holders 102 SECTION 12.04 Certificate and Opinion as to Conditions Precedent 102 SECTION 12.05 Statements Required in Certificate or Opinion 103 SECTION 12.06 Rules by Trustee and Agents 103 SECTION 12.07 Legal Holidays 103 SECTION 12.08 Governing Law; Waiver of Jury Trial 103 Page
No Obligation to Take Action. GSRP hereby agrees and acknowledges that neither the acceptance of this Agreement or any other Security Document by the Administrative Agent or the Lenders nor the exercise of, or failure to exercise, any right, power or remedy in this Agreement or in any other Security Document conferred upon the Administrative Agent or the Lenders shall be deemed or construed to obligate the Administrative Agent or any of the Lenders to pay any sum of money, take any other action or incur any liability in connection with, or collect or realize upon, any of the Contracts or any other Collateral. It is further agreed and understood by GSRP that the neither the Administrative Agent nor the Lenders shall be liable in any way for any cost, expense or liability connected with, or any charge or liability arising from, any of the Contracts, any of the contracts of purchase in respect of the Commercial Units, any of the Property-Related Contracts or any other Collateral.
