Common use of ADMINISTRATION OF CREDIT FACILITIES Clause in Contracts

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. (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 LendersRevolving Credit Lender: Action Actions Described in Section Type of Consent Required --------------------------- ------------------------ 15.2 ----------------------------------------------------------------- 15-2 Majority Lenders 15.3 15-3 Supermajority Revolving Credit Lenders 15.4 15-4 Unanimous Consent 15.5 Swing Line 15-5 Consent of SwingLine Lender Consent 15.6 15-6 Consent of Issuer 15.7 15-7 Consent of the Administrative Agent (c) The rights granted to the Revolving Credit Lenders in those sections referenced in Section 15.1(b15-1 (b) shall not otherwise limit or impair the Administrative Agent's exercise of its discretion under the Loan Documents.

ADMINISTRATION OF CREDIT FACILITIES. (a) Except as otherwise specifically provided in this Agreement, the Administrative Agent may take any action in accordance with applicable law 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 right, in accordance with the standards set forth herein to the extent applicable, to take, or refrain from taking, such action without, and notwithstanding, any vote of the Revolving Credit Lenders: Action Actions Described in Section Type of Consent Required --------------------------- ------------------------ 15.2 -------------------------------------------------------------------- 14-2 Majority Lenders 15.3 Supermajority 14-3 Unanimous Consent of Revolving Credit Lenders 15.4 Unanimous Consent 15.5 Swing Line Lender Consent 15.6 14-4 Consent of Issuer 15.7 14-5 Consent of the Administrative Agent (c) The rights granted to the Revolving Credit Lenders in those sections referenced in Section 15.1(bl4-l (b) shall not otherwise limit or impair the Administrative Agent's exercise of its discretion under the Loan Documents.