Common use of ADMINISTRATION OF CREDIT FACILITIES Clause in Contracts

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 Agreement, each the Agent may take any action with respect to the credit facility contemplated by the Loan Documents as that the Agent determines to be appropriate within their respective areas its area of responsibility and authority, as set forth in Sections 14.2(b15.2(b) and 14.2(a15.2(a), providedPROVIDED, howeverHOWEVER, neither the Agent is not under any affirmative obligation to take any action which it is not required by this Agreement or the other Loan Documents specifically to so take. (b) Except as specifically provided in the following Sections of this Agreement, whenever a this Agreement or any other Loan Document or this Agreement provides that action may be taken or omitted to be taken in an Agents’ the Agent's discretion, that the Agent shall have the sole right to take, or refrain from taking, such action without, and notwithstanding, any vote of the LenderLenders:

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(b15.2(b) and 14.2(a15.2(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: