Common use of ADMINISTRATION OF CREDIT FACILITIES Clause in Contracts

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 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 '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 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 '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.