ACTIONS REQUIRING AGENT'S CONSENT Clause Samples
The "Actions Requiring Agent's Consent" clause defines specific actions or decisions that cannot be taken without the explicit approval of the agent. Typically, this clause lists activities such as entering into new contracts, making significant financial commitments, or altering key terms of an agreement, all of which require the agent's prior written consent before proceeding. By establishing these requirements, the clause ensures that the agent maintains control over important matters, thereby protecting their interests and preventing unauthorized or potentially harmful actions by other parties.
ACTIONS REQUIRING AGENT'S CONSENT. (a) No action, amendment, or waiver of compliance with, any provision of the Loan Documents or of this Agreement which affects the Agent in its capacity as Agent may be undertaken without the written consent of the Agent.
(b) No action referenced herein which affects the rights, duties, obligations, or liabilities of the Agent shall be effective without the written consent of the Agent.
ACTIONS REQUIRING AGENT'S CONSENT. No action referenced herein which modifies the rights, duties, and obligations of the Agent shall be effective without the written consent of the Agent.