Nautilus 2005 Annual Report Download - page 132

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Section 8.6. Other Remedies
. The remedies in this Article VIII are in addition to, not in limitation of, any other right, power, privilege, or
remedy, either in law, in equity, or otherwise, to which the Lenders may be entitled. Agent shall exercise the rights under this Article VIII and
all other collection efforts on behalf of the Lenders and no Lender shall act independently with respect thereto, except as otherwise specifically
set forth in this Agreement.
ARTICLE IX. THE AGENT
The Lenders authorize KeyBank National Association and KeyBank National Association hereby agrees to act as agent for the Lenders in
respect of this Agreement upon the terms and conditions set forth elsewhere in this Agreement, and upon the following terms and conditions:
Section 9.1. Appointment and Authorization . Each Lender hereby irrevocably appoints and authorizes Agent to take such action as agent
on its behalf and to exercise such powers hereunder as are delegated to Agent by the terms hereof, together with such powers as are reasonably
incidental thereto. Neither Agent nor any of its affiliates, directors, officers, attorneys or employees shall (a) be liable to the Lenders for any
action taken or omitted to be taken by it or them hereunder or in connection herewith, except for its or their own gross negligence or willful
misconduct (as determined by a court of competent jurisdiction), or be responsible in any manner to any of the Lenders for the effectiveness,
enforceability, genuineness, validity or due execution of this Agreement or any other Loan Documents, (b) be under any obligation to any
Lender to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions hereof or thereof on the part
of Borrower or any other Company, or the financial condition of Borrower or any other Company, or (c) be liable to any of the Companies for
consequential damages resulting from any breach of contract, tort or other wrong in connection with the negotiation, documentation,
administration or collection of the Loans or Letters of Credit or any of the Loan Documents.
Section 9.2. Note Holders . Agent may treat the payee of any Note as the holder thereof (or, if there is no Note, the holder of the interest
as reflected on the books and records of Agent) until written notice of transfer shall have been filed with Agent, signed by such payee and in
form satisfactory to Agent.
Section 9.3. Consultation With Counsel . Agent may consult with legal counsel selected by Agent and shall not be liable to the Lenders
for any action taken or suffered in good faith by Agent in accordance with the opinion of such counsel.
Section 9.4. Documents . Agent shall not be under any duty to examine into or pass upon the validity, effectiveness, genuineness or value
of any Loan Document or any other Related Writing furnished pursuant hereto or in connection herewith or the value of any collateral obtained
hereunder, and Agent shall be entitled to assume that the same are valid, effective and genuine and what they purport to be.
54