Actions with Respect to Defaults. In addition to the Agent's right to take actions on its own accord as permitted under this Credit Agreement, the Agent shall take such action with respect to a Default or Event of Default as shall be directed by the Required Lenders; PROVIDED that, until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable and in the best interests of the Lenders.
Appears in 1 contract
Actions with Respect to Defaults. In addition to the Agent's right to take actions on its own accord as permitted under this Credit Agreement, the Agent shall take such action with respect to a Default or Event of Default as shall be directed by the Required Majority Lenders; PROVIDED that, provided that until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable and in the best interests of the Lenders.. 10.12
Appears in 1 contract
Actions with Respect to Defaults. In addition to the Agent's right to take actions on its own accord as permitted under this Credit Agreement, the Agent shall take such action with respect to a Default or an Event of Default as shall be directed by the Required Lenders; PROVIDED thatprovided, that until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable and in the best interests of the Lenders.
Appears in 1 contract
Samples: Credit Agreement (Consumers Us Inc)
Actions with Respect to Defaults. In addition to the Agent's right to take actions on its own accord as permitted under this Credit Agreement, the Agent shall take such action with respect to a Default or an Event of Default as shall be directed by the Required Lenders; PROVIDED thatPROVIDED, that until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable and in the best interests of the Lenders.
Appears in 1 contract
Actions with Respect to Defaults. In addition to the -------------------------------- Agent's right to take actions on its own accord as permitted under this Credit Agreement, the Agent shall take such action with respect to a Default or Event of Default as shall be directed by the Required Requisite Lenders; PROVIDED that, until . Until the Agent shall have received such directions, the Agent may act (but shall or not be obligated toact) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem deems advisable and in the best interests of the Lenders.
Appears in 1 contract
Actions with Respect to Defaults. In addition to the Agent's ’s right to take actions on its own accord as permitted under this Credit Agreement, the Agent shall take such action with respect to a Default or an Event of Default as shall be directed by the Required Lenders; PROVIDED that, provided that until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable and in the best interests of the Lenders.
Appears in 1 contract
Actions with Respect to Defaults. In addition to the Agent's -------------------------------- right to take actions on its own accord as permitted under this Credit Agreement, the Agent shall take such action with respect to a Default or an Event of Default as shall be directed by the Required Lenders; PROVIDED that, provided that until the Agent -------- shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable and in the best interests of the Lenders.
Appears in 1 contract
Samples: Intercreditor Agreement (Jorgensen Earle M Co /De/)
Actions with Respect to Defaults. In addition to the Agent's right to -------------------------------- take actions on its own accord as permitted under this Credit Agreement, the Agent shall take such action with respect to a Default or Event of Default as shall be directed by the Required Majority Lenders; PROVIDED thatPROVIDED, THAT until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable and in the best interests of the Lenders.
Appears in 1 contract
Actions with Respect to Defaults. In addition to the Agent's right -------------------------------- to take actions on its own accord as permitted under this Credit Agreement, the Agent shall take such action with respect to a Default or Event of Default as shall be directed by the Required Lenders; PROVIDED that, provided that until the Agent shall -------- ---- have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable and in the best interests of the Lenders.. 109
Appears in 1 contract
Samples: Credit Agreement (Converse Inc)
Actions with Respect to Defaults. In addition to the Agent's right to take actions on its own accord as permitted under this Credit Agreement, the Agent shall take such action with respect to a Default or Event of Default as shall be directed by the Required LendersLenders pursuant to Article 7; PROVIDED that, provided that until the Agent shall have received such directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem to be advisable and in the best interests of the Lenders.
Appears in 1 contract
Samples: Credit Agreement (Ameristeel Corp)