Requesting Instructions. The Agent may at any time request written directions from the Suppliers as to any course of action or any matter relating to the performance of its duties under this Agreement, and the Suppliers shall respond to such request in a reasonably prompt manner. The Agent may refrain from taking any action unless and until the Agent shall have received written instructions from the Requisite Suppliers, and the Agent shall not incur liability to any person by reason of so refraining. The Agent may refrain from taking any action if the Agent has reason to believe that such action would be contrary to any laws. No Supplier shall have any right of action against the Agent as a result of the Agent acting or refraining from acting in accordance with the instructions of the Requisite Suppliers.
Appears in 2 contracts
Sources: Intercreditor and Collateral Agency Agreement, Intercreditor and Collateral Agency Agreement