ACTIONS REQUIRING LEAD BORROWER'S CONSENT Sample Clauses

ACTIONS REQUIRING LEAD BORROWER'S CONSENT. (a) The Lead Borrower's consent is required for any amendment of this Agreement, except that each of the following Articles of this Agreement may be amended without the consent of the Lead Borrower: Article Title of Article ---------------------------- 13 Revolving Credit Fundings and Distributions
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ACTIONS REQUIRING LEAD BORROWER'S CONSENT. The Lead Borrower's consent is required for any amendment of this Agreement, except that each of the following Articles of this Agreement may be amended without the consent of the Lead Borrower:
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ACTIONS REQUIRING LEAD BORROWER'S CONSENT. The Lead Borrower's consent is required for any amendment of this Agreement, except that each of the following Articles of this Agreement may be amended without the consent of the Lead Borrower so long as such amendment shall not directly and adversely affect the Loan Parties: Article Title of Article ------- ---------------- 12 Revolving Credit Fundings and Distributions 13 Acceleration and Liquidation (provided that the provisions of Section 13.2(b) relating to the requirement of SuperMajority Lenders' consent may not be amended without the Lead Borrower's consent). 14 The Agent (provided that the provisions of Section 14.10(a) relating to the Lead Borrower's consent to a successor Agent in certain circumstances may not be amended without the Lead Borrower's consent).
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ACTIONS REQUIRING LEAD BORROWER'S CONSENT. (a) Subject to Section 16:16-10(b) the provisions of this Agreement which are included in the following Articles may be amended without the consent of any Borrower, but only if the subject amendment relates to the relationships of the Lenders and the Agents inter se and neither creates any additional nor augments any existing obligation on any Borrower under any Loan Document nor relieves any Agent or any Lender from any commitment or undertaking to any Borrower. Article Title of Article ----------------- ------------------------------------------- 13: Revolving Credit Fundings and Distributions 14: Acceleration and Liquidation 15: The Agents 16: Action By Agents - Consents - Amendments - Waivers(other than as provided in Section 16:16-10(b)) 17: Assignments and Participations
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ACTIONS REQUIRING LEAD BORROWER'S CONSENT and further provided that no provision of any Article listed in Section 16.9(a) that (i) obligates the Agent to exercise reasonable, good faith discretion, or (ii) imposes liability on any Person for acting in a grossly negligent manner, in actual bad faith or willful misconduct, or (iii) imposes any confidentiality obligation under this Agreement on any Person, may be amended without the consent of the Lead Borrower.
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ACTIONS REQUIRING LEAD BORROWER'S CONSENT. (a) The Lead Borrower's consent is required for any amendment of this Agreement, except that each of the following Articles of this Agreement may be amended without the consent of the Lead Borrower: ARTICLE TITLE OF ARTICLE ------------------------------- 12 Revolving Credit Fundings and Distributions 13 Acceleration and Liquidation (other than any modifications to the requisite percentage of Revolving Credit Lenders which may furnish an Acceleration Notice under Section 13.1(b)) 14 The Agent (PROVIDED THAT the provisions of Section 14.10(a) relating to the Lead Borrower's consent to a successor Agent in certain circumstances may not be amended without the Lead Borrower's consent). 15 Action By Agents - Consents - Amendments - Waivers (other than as provided in Section 15.9(b)) 16 Assignments and Participations (PROVIDED THAT the provisions of Section 16.1(a)(i) relating to the Lead Borrower's consent to an assignment in certain circumstances may not be amended without the Lead Borrower's consent).
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Related to ACTIONS REQUIRING LEAD BORROWER'S CONSENT

  • Required Lenders’ Consent Subject to Section 11.4(b) and Section 11.4(c), no amendment, modification, termination or waiver of any provision of the Credit Documents, or consent to any departure by any Credit Party therefrom, shall in any event be effective without the written concurrence of the Administrative Agent and the Required Lenders; provided that (i) the Administrative Agent may, with the consent of the Borrower only, amend, modify or supplement this Agreement to cure any ambiguity, omission, defect or inconsistency, so long as such amendment, modification or supplement does not adversely affect the rights of any Lender or the Issuing Bank, (ii) each of the Fee Letter and any Auto Borrow Agreement may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto, (iii) no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except that the Commitments, Loans and/or Letter of Credit Obligations of such Lender may not be increased or extended without the consent of such Lender, (iv) each Lender is entitled to vote as such Lender sees fit on any bankruptcy reorganization plan that affects the Loans, and each Lender acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code of the United States supersedes the unanimous consent provisions set forth herein and (v) the Required Lenders shall determine whether or not to allow any Credit Party to use cash collateral in the context of a bankruptcy or insolvency proceeding and such determination shall be binding on all of the Lenders.

  • Requisite Lenders’ Consent Subject to Section 10.5(b) and 10.5(c), no amendment, modification, termination or waiver of any provision of the Credit Documents, or consent to any departure by any Credit Party therefrom, shall in any event be effective without the written concurrence of the Requisite Lenders.

  • Lender's Consent Whenever Lender's consent is required to be obtained under this Agreement, any of the Other Agreements or any of the Security Documents as a condition to any action, inaction, condition or event, Lender shall be authorized to give or withhold such consent in its sole and absolute discretion and to condition its consent upon the giving of additional collateral security for the Obligations, the payment of money or any other matter.

  • Affected Lenders’ Consent Without the written consent of each Lender (other than a Defaulting Lender) that would be affected thereby, no amendment, modification, termination, or consent shall be effective if the effect thereof would:

  • Designation of Lead Borrower as Borrowers’ Agent (a) Each Borrower hereby irrevocably designates and appoints the Lead Borrower as such Borrower’s agent to obtain Credit Extensions, the proceeds of which shall be available to each Borrower for such uses as are permitted under this Agreement. As the disclosed principal for its agent, each Borrower shall be obligated to each Credit Party on account of Credit Extensions so made as if made directly by the applicable Credit Party to such Borrower, notwithstanding the manner by which such Credit Extensions are recorded on the books and records of the Lead Borrower and of any other Borrower. In addition, each Loan Party other than the Borrowers hereby irrevocably designates and appoints the Lead Borrower as such Loan Party’s agent to represent such Loan Party in all respects under this Agreement and the other Loan Documents.

  • Authorization of Borrowing Etc The execution, delivery and performance of each Loan Document to which it is a party have been duly authorized by all necessary action on the part of each Credit Party.

  • Administrative Agent Authorization After the occurrence and during the continuance of any Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Loan Party), the Administrative Agent is authorized and empowered (but without any obligation to so do), in its discretion, (i) in the name of each Guarantor, to collect and enforce, and to submit claims in respect of, Subordinated Obligations and to apply any amounts received thereon to the Guaranteed Obligations (including any and all Post Petition Interest), and (ii) to require each Guarantor (A) to collect and enforce, and to submit claims in respect of, Subordinated Obligations and (B) to pay any amounts received on such obligations to the Administrative Agent for application to the Guaranteed Obligations (including any and all Post Petition Interest).

  • Notice of Borrowing; Letter of Credit Request (a) Prior to the making of each Loan (other than a Swingline Loan or a Revolving Loan made pursuant to a Mandatory Borrowing), the Administrative Agent shall have received a Notice of Borrowing meeting the requirements of Section 2.03(a). Prior to the making of each Swingline Loan, the Swingline Lender shall have received the notice referred to in Section 2.03(b)(i).

  • Borrower’s Request If Borrower determines, at any time or from time to time, that a Capital Replacement is necessary or desirable, Borrower will perform such Capital Replacement and request from Lender, in writing, reimbursement for such Capital Replacement. Borrower’s request for reimbursement will include (1) a detailed description of the Capital Replacement performed, together with evidence, satisfactory to Lender, that the cost of such Capital Replacement has been paid, and (2) if required by Lender, lien waivers from each contractor and material supplier supplying labor or materials for such Capital Replacement.

  • Acceptance of Assignments by Administrative Agent Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any written consent to such assignment required by paragraph (b) of this Section, the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph.

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