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.
No Duty to Act. Nothing contained in this Agreement or any of the other Loan Documents shall be construed as requiring Administrative Agent 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. Nothing contained in this Agreement shall be construed as requiring the Holder to take any particular enforcement or remedial action or combination of enforcement or remedial actions at any time.
No Duty to Act. Neither the Senior Administrative Agent nor the Administrative Agent shall be required to execute any such document on terms which, in the Senior Administrative Agent’s or the Administrative Agent’s opinion, as the case may be, would expose the Senior Administrative Agent or the Administrative Agent, as the case may be, to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, provided, however, that any 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. 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.
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. Except as provided in Sections 4.2 and 4.3, the Administrative Agent shall not be under any duty or obligation to take any action, bring any suit or act in any regard in order to enforce the collection of any or all of the monies assigned hereunder; and, although it has the right to do so, failure on the part of the Administrative Agent to do so shall not relieve, diminish or affect the rights hereunder given or the monies hereby assigned.
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
