Common use of Actions in Discretion of Administrative Agent; Instructions from the Banks Clause in Contracts

Actions in Discretion of Administrative Agent; Instructions from the Banks. The Administrative Agent agrees, upon the written request of the Required Banks, to take or refrain from taking any action of the type specified as being within the Administrative

Appears in 3 contracts

Samples: Credit Agreement (KI Holdings Inc.), Credit Agreement (Koppers Inc), Credit Agreement (Big Lots Inc)

AutoNDA by SimpleDocs

Actions in Discretion of Administrative Agent; Instructions from the Banks. The Administrative Agent agrees, upon the written request of the Required Banks, to take or refrain from taking any action of the type specified as being within the AdministrativeAdministrative Agent's rights, powers or discretion herein, provided that the Administrative Agent shall not be required to take any action which exposes the Administrative Agent to personal liability or which is contrary to this Agreement or any other Loan Document or applicable Law. In the absence of a request by the Required Banks, the Administrative Agent shall have authority, in its sole CREDIT AGREEMENT

Appears in 1 contract

Samples: Credit Agreement (Internet Capital Group Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.