ADMINISTRATION OF CREDIT FACILITIES. (a) Except as otherwise specifically provided in this Agreement, the Agent may take any action with respect to the credit facility contemplated by the Loan Documents as the Agent determines to be appropriate, provided, however, the Agent is not under any affirmative obligation to take any action which it is not required by this Agreement or the Loan Documents specifically to so take.
(b) Except as specifically provided in the following Sections of this Agreement, whenever a Loan Document or this Agreement provides that action may be taken or omitted to be taken in the Agent’s discretion, the Agent shall have the sole right to take, or refrain from taking, such action without, and notwithstanding, any vote of the Lenders:
ADMINISTRATION OF CREDIT FACILITIES. (a) Except as otherwise specifically provided in this Agreement, each Agent may take any action with respect to the credit facility contemplated by the Loan Documents as that Agent determines to be appropriate within their respective areas of responsibility and authority, as set forth in Sections 14.2(b) and 14.2(a), provided, however, neither Agent is under any affirmative obligation to take any action which it is not required by this Agreement or the Loan Documents specifically to so take.
(b) Except as specifically provided in the following Sections of this Agreement, whenever a Loan Document or this Agreement provides that action may be taken or omitted to be taken in an Agents’ discretion, that Agent shall have the sole right to take, or refrain from taking, such action without, and notwithstanding, any vote of the Lender:
ADMINISTRATION OF CREDIT FACILITIES. (a) Except as otherwise specifically provided in this Credit Agreement, each Agent may take any action with respect to the credit facility contemplated by the Loan Documents as that Agent determines to be appropriate, provided, however, no Agent is under any affirmative obligation to take any action which it is not required by this Credit Agreement or the Loan Documents specifically to so take.
(b) Except as otherwise specifically provided in this Credit Agreement, whenever a Loan Document or this Credit Agreement provides that action may be taken or omitted to be taken in an Agent’s discretion, the Agents shall have the sole right in their reasonable judgment to take, or refrain from taking, such action without, and notwithstanding, any vote of the Lenders. The rights granted to the Lenders with respect to any consent shall not otherwise limit or impair the Agents’ exercise of their discretion under the Loan Documents.
(c) Notwithstanding any other provision of this Credit Agreement or any Loan Document, including without limitation, any other provision of this Section 15, any matter that requires the consent of the Required Lenders, Majority Lenders, or Unanimous Lenders shall also require the consent of each of the Agents.
ADMINISTRATION OF CREDIT FACILITIES. (a) Except as otherwise specifically provided in this Agreement, each Agent may take any action with respect to the credit facility contemplated by the Loan Documents as the applicable Agent determines to be appropriate, provided, however, no Agent is under any affirmative obligation to take any action which it is not required by this Agreement or the Loan Documents specifically to so take.
(b) Except as specifically provided in the following Sections of this Agreement, whenever a Loan Document or this Agreement provides that action may be taken or omitted to be taken in an Agent's reasonable, good faith discretion, the Agent shall have the sole right to take, or refrain from taking, such action without, and notwithstanding, any vote of the Revolving Credit Lenders: Actions Described in Section Type of Consent Required ---------------------------- ------------------------------
ADMINISTRATION OF CREDIT FACILITIES. (a) Except as otherwise specifically provided in this Agreement, the Administrative Agent may take any action with respect to the credit facility contemplated by the Loan Documents as the Administrative Agent determines to be appropriate, provided, however, the Administrative Agent is not under any affirmative obligation to take any action which it is not required by this Agreement or the Loan Documents specifically to so take.
(b) Except as specifically provided in the following Sections of this Agreement, whenever a Loan Document or this Agreement provides that action may be taken or omitted to be taken in an Administrative Agent's discretion, the Administrative Agent shall have the sole right to take, or refrain from taking, such action without, and notwithstanding, any vote of the Lenders: Action Described in Section Type of Consent Required --------------------------- ------------------------ 15.2 Majority Lenders 15.3 Supermajority Revolving Credit Lenders 15.4 Unanimous Consent 15.5 Swing Line Lender Consent 15.6 Consent of Issuer 15.7 Consent of the Administrative Agent
(c) The rights granted to the Lenders in those sections referenced in Section 15.1(b) shall not otherwise limit or impair the Administrative Agent's exercise of its discretion under the Loan Documents.
ADMINISTRATION OF CREDIT FACILITIES. Except as otherwise specifically provided in this Agreement, the Agent may take any action with respect to the credit facility contemplated by the Loan Documents as the Agent determines to be appropriate, provided, however, the Agent is not under any affirmative obligation to take any action which it is not required by this Agreement or the Loan Documents specifically to so take.
ADMINISTRATION OF CREDIT FACILITIES. Except as otherwise provided in this Section 9.2, Agent shall have the exclusive power and authority to (i) give all consents and approvals, issue waivers and amendments, enforce the Loan Documents (including, but not limited to, the power to enforce the Loan Documents in any relevant case under the Bankruptcy Code) and otherwise take all actions permitted of Agent under this Agreement or any other Loan Document, (ii) give all consents and approvals, issue waivers and amendments, enforce the Loan Documents (including, but not limited to, the power to enforce the Loan Documents in any relevant case under the Bankruptcy Code) and otherwise take all actions permitted of Lenders under this Agreement or any other Loan Document, excepting only those matters that the Loan Documents specifically reserve[d] for the respective Lenders severally (such as the computation of LIBOR charges unique to the circumstances of a given Lender), (iii) receive all payments, notices and other deliveries and communications to be given Lenders or Agent under this Agreement or any other Loan Document, and (iv) to perform such actions as are incidental to any of the foregoing.
ADMINISTRATION OF CREDIT FACILITIES. (a) Except as otherwise specifically provided in this Agreement, each Agent may take any action with respect to the credit facility contemplated by the Loan Documents as that Agent determines to be appropriate within their respective areas of responsibility and authority, as set forth in Sections 15:15-2(b) and 15:15-2(a), PROVIDED, HOWEVER, neither Agent is under any affirmative obligation to take any action which it is not required by this Agreement or the Loan Documents specifically to so take.
(b) Except as specifically provided in the following Sections of this Agreement, whenever a Loan Document or this Agreement provides that action may be taken or omitted to be taken in an Agent's discretion, that Agent shall have the sole right to take, or refrain from taking, such action without, and notwithstanding, any vote of the Lenders: ACTIONS DESCRIBED IN SECTION TYPE OF CONSENT REQUIRED ---------------------------- ------------------------ 16:16-2 Majority Lenders 16:16-3 SuperMajority Lenders 16:16-4 Two Thirds of Revolving Credit Lenders and the Term Lender 16:16-5 Unanimous Consent 16:16-6 Consent of SwingLine Lender 16:16-7 Consent of Term Lender
(c) The rights granted to the Lenders in those sections referenced in Section 16:16- 1(b) shall not otherwise limit or impair any Agent's exercise of that Agent's discretion under the Loan Documents.
(d) The Revolving Credit Lenders agree that, subject to Section 16:16-3
(a) any advance under the Revolving Credit which results in a Permissible Overloan may be made by the Administrative Agent in its discretion without the Consent of the Revolving Credit Lenders and that each Revolving Credit Lender shall be bound thereby.
ADMINISTRATION OF CREDIT FACILITIES. (a) Except as otherwise specifically provided in this Agreement (including without limitation this Article XVI), each Agent may take any action with respect to the credit facility contemplated by the Loan Documents as that Agent determines to be appropriate, provided, however, that such Agent is not under any affirmative obligation to take any action which it is not required by this Agreement or the Loan Documents specifically to so take.
(b) Except as specifically provided in the following Sections of this Agreement, whenever a Loan Document or this Agreement provides that action may be taken or omitted to be taken in an Agent's discretion, that Agent shall have the sole right to take, or refrain from taking, such action without, and notwithstanding, any vote of the Lenders: ACTIONS DESCRIBED IN SECTION TYPE OF CONSENT REQUIRED
ADMINISTRATION OF CREDIT FACILITIES. 173 16.2 Actions Requiring Consent or Direction of Majority Lenders............................................174 16.3 Actions Requiring Consent or Direction of SuperMajority Lenders.......................................174 16.4 Actions Requiring or Directed By Unanimous Consent....................................................175 16.5
