Common use of ACTIONS REQUIRING OR ON DIRECTION OF MAJORITY Clause in Contracts

ACTIONS REQUIRING OR ON DIRECTION OF MAJORITY. LENDERS Except as otherwise provided in this Agreement, the Consent or direction of the Majority Lenders is required for any amendment, waiver, or modification of any Loan Document.

Appears in 5 contracts

Samples: Loan and Security Agreement (Designs Inc), Loan and Security Agreement (Officemax Inc /Oh/), Loan and Security Agreement (Homebase Inc)

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ACTIONS REQUIRING OR ON DIRECTION OF MAJORITY. LENDERS Lenders Except as otherwise provided in this Agreement, the Consent or direction of the Majority Lenders is required for any amendment, waiver, or modification of any Loan Document.

Appears in 2 contracts

Samples: Loan and Security Agreement (Childrens Place Retail Stores Inc), Loan and Security Agreement (Phar Mor Inc)

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