Common use of No Obligation to Enforce Clause in Contracts

No Obligation to Enforce. Neither the Lenders nor the Agent shall be under any obligation to the Borrower or any other Person to enforce any rights or remedies available to the Lenders or the Agent under any of the Credit Documents from time to time or any part thereof. The Lenders shall not be responsible or liable to the Borrower or any other Person for any loss or damage upon the enforcement of any rights or remedies available to the Lenders under any of the Credit Documents from time to time, the failure to realize or enforce such rights and remedies or for any act or omission on their respective parts or on the part of any director, officer, agent, servant or adviser in connection with any of the foregoing, except that a Lender may be responsible or liable for any loss or damage arising from the wilful misconduct or gross negligence of that Lender.

No Obligation to Enforce. Neither the Lenders nor the Administrative Agent shall be under any obligation to the Borrower or any other Person to enforce any rights or remedies available to the Lenders or the Administrative Agent under any of the Credit Documents from time to time or any part thereof. The Lenders shall not be responsible or liable to the Borrower or any other Person for any loss or damage upon the enforcement of any rights or remedies available to the Lenders under any of the Credit Documents from time to time, the failure to realize or enforce such rights and remedies or for any act or omission on their respective parts or on the part of any director, officer, agentAdministrative Agent, servant or adviser in connection with any of the foregoing, except that a Lender may be responsible or liable for any loss or damage arising from the wilful misconduct or gross negligence of that Lender.