Common use of Employment of Administrative Agents and Counsel Clause in Contracts

Employment of Administrative Agents and Counsel. The Administrative Agent may execute any of its duties as Administrative Agent hereunder and under any other Loan Document by or through employees, agents, and attorneys-in-fact. The Administrative Agent will not be responsible for the negligence or misconduct of any agents or attorneys-in-fact except to the extent that a court of competent jurisdiction determines in a final and non-appealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of agents or attorneys-in-fact.

Appears in 7 contracts

Samples: Term Loan Agreement (Jack Henry & Associates Inc), Credit Agreement (Jack Henry & Associates Inc), Credit Agreement (Henry Jack & Associates Inc)

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Employment of Administrative Agents and Counsel. The Administrative Agent may execute any of its duties as Administrative Agent hereunder and under any other Loan Document by or through employees, agents, and attorneys-in-fact. The Administrative Agent will not be responsible for the negligence or misconduct of any agents or attorneys-in-fact except to the extent that a court of competent jurisdiction determines in a final and non-appealable nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of agents or attorneys-in-fact.

Appears in 2 contracts

Samples: Credit Agreement (W.W. Grainger, Inc.), Credit Agreement (Grainger W W Inc)

Employment of Administrative Agents and Counsel. The Administrative Agent may execute any of its duties as Administrative Agent hereunder and under this Agreement or any other Loan Credit Document by or through employees, agents, agents and attorneys-in-fact. The Administrative Agent will fact and shall not be responsible to any of the Lenders, the Company or any other Obligor for the negligence default or misconduct of any such agents or attorneys-in-fact except to the extent that a court of competent jurisdiction determines in a final and non-appealable judgment that selected by the Administrative Agent acted with gross negligence acting in good faith. The Administrative Agent shall be entitled to advice of counsel concerning all matters pertaining to the agency hereby created and its duties hereunder or willful misconduct in the selection of agents or attorneys-in-factunder any other Credit Document.

Appears in 2 contracts

Samples: Credit Agreement (Transmontaigne Inc), Credit Agreement (Transmontaigne Inc)

Employment of Administrative Agents and Counsel. The Administrative Agent may execute any of its duties as Administrative Agent hereunder and under any other Loan Document by or through employees, agents, and attorneys-in-fact. The Administrative Agent will not be responsible for the negligence or misconduct of any agents or attorneys-in-fact except to the extent that a court of competent jurisdiction determines in a final and non-appealable nonappealable judgment that the Administrative Agent acted with gross negligence negligence, bad faith or willful misconduct in the selection of agents or attorneys-in-fact.

Appears in 2 contracts

Samples: Credit Agreement (Universal Electronics Inc), Credit Agreement (Universal Electronics Inc)

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Employment of Administrative Agents and Counsel. The ----------------------------------------------- Administrative Agent may execute any of its duties as Administrative Agent hereunder and under any other Loan Document by or through employees, agents, agents and attorneys-in-fact. The Administrative Agent will fact and shall not be responsible answerable to the Banks, except as to money or securities received by it or its authorized agents, for the negligence default or misconduct of any such agents or attorneys-in-fact except to the extent that a court of competent jurisdiction determines in a final and non-appealable judgment that the Administrative Agent acted selected by it with gross negligence or willful misconduct in the selection of agents or attorneys-in-factreasonable care.

Appears in 1 contract

Samples: Loan Agreement (Crown Castle International Corp)

Employment of Administrative Agents and Counsel. The Administrative Agent may execute any of its duties as Administrative Agent hereunder and under any other Loan Document by or through employees, agents, Administrative Agents and attorneys-in-fact. The Administrative Agent will fact and shall not be responsible answerable to the Banks, except as to money or securities received by it or its authorized Administrative Agents, for the negligence default or misconduct of any agents such Administrative Agents or attorneys-in-fact except to the extent that a court of competent jurisdiction determines in a final and non-appealable judgment that the Administrative Agent acted selected by it with gross negligence or willful misconduct in the selection of agents or attorneys-in-factreasonable care.

Appears in 1 contract

Samples: Loan Agreement (Gray Communications Systems Inc /Ga/)

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