Employment of Administrative Agents and Counsel. Administrative Agents may execute any of its duties hereunder by or through employees, agents, and attorneys-in-fact and shall not be liable to any Lender, except with respect to money or securities received by it or such agents or attorneys-in-fact, for the default or misconduct of any such agents or attorneys-in-fact selected by it with reasonable care. Administrative Agents shall be entitled to advice of counsel concerning all matters pertaining to the agency hereby created and their duties hereunder and shall not be liable to any Lender for acting or failing to act as advised by such counsel, except where doing so violates an express obligation of Administrative Agents under the Loan Documents.
Appears in 3 contracts
Samples: Credit Agreement (Gtsi Corp), Credit Agreement (Gtsi Corp), Credit Agreement (Gtsi Corp)
Employment of Administrative Agents and Counsel. Administrative Agents Agent may execute any of its duties hereunder by or through employees, agents, and attorneys-in-fact and shall not be liable to any Lender, except with respect to money or securities received by it or such agents or attorneys-in-fact, for the default or misconduct of any such agents or attorneys-in-fact selected by it with reasonable care. Administrative Agents Agent shall be entitled to advice of counsel concerning all matters pertaining to the agency hereby created and their its duties hereunder and shall not be liable to any Lender for acting or failing to act as advised by such counsel, except where doing so violates an express obligation of Administrative Agents Agent under the Loan Documents.
Appears in 3 contracts
Samples: Credit Facilities Agreement (MTM Technologies, Inc.), Credit Facilities Agreement (Pomeroy Computer Resources Inc), Credit Facilities Agreement (Pomeroy It Solutions Inc)
Employment of Administrative Agents and Counsel. Administrative Agents Agent may execute any of its duties hereunder by or through employees, agents, and attorneys-in-fact and shall not be liable to any Lender, except with respect to money or securities received by it or such agents or attorneys-in-fact, for the default or misconduct of any such agents or attorneys-in-fact selected by it with reasonable care. Administrative Agents Agent shall be entitled to advice of counsel concerning all matters pertaining to the agency hereby created and their its duties hereunder and shall not be liable to any Lender for acting or failing to act based as advised by such counsel, except where doing so violates an express obligation of Administrative Agents Agent under the Loan Documents.
Appears in 1 contract
Samples: Loan and Security Agreement (Western Power & Equipment Corp)
Employment of Administrative Agents and Counsel. Administrative Agents Agent may execute any of its duties hereunder by or through employees, agents, and attorneys-in-fact and shall not be liable to any Lender, Lender (except with respect to money or securities received by it or such agents or attorneys-in-fact, ) for the default or misconduct of any such agents or attorneys-in-fact selected by it with reasonable care. Administrative Agents Agent shall be entitled to advice of counsel concerning all matters pertaining to the agency hereby created and their its duties hereunder and shall not be liable to any Lender for acting or failing to act based as advised by such counsel, except where doing so violates an express obligation of Administrative Agents Agent under the Loan Documents.
Appears in 1 contract
