Common use of Administrative Actions Clause in Contracts

Administrative Actions. The Collateral Agent shall have the right to take such actions under this Agreement and under the Collateral Documents, not inconsistent with the instructions of the Required Creditors or the terms of the Collateral Documents and this Agreement, as the Collateral Agent deems necessary or appropriate to perfect or continue the perfection of the liens on the Collateral for the benefit of the Creditors.

Appears in 9 contracts

Samples: Credit Agreement (Graco Inc), Credit Agreement (Graco Inc), Credit Agreement (Graco Inc)

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Administrative Actions. The Collateral Agent shall have the right to take such actions under this Agreement hereunder and under the Collateral Documents, not inconsistent with the instructions of the Required Secured Creditors or the terms of the Collateral Documents and this Agreement, as the Collateral Agent deems necessary or appropriate to perfect or continue the perfection of the liens on the Collateral for the benefit of the Secured Creditors.

Appears in 2 contracts

Samples: Credit Agreement (Granite Construction Inc), Intercreditor and Collateral Agency Agreement (Granite Construction Inc)

Administrative Actions. The Collateral Agent shall have the right to take such actions under this Agreement hereunder and under the Collateral Documents, not inconsistent with the instructions of the Required Creditors Senior Lenders or the terms of the Collateral Documents and this Agreement, as the Collateral Agent deems necessary or appropriate to perfect or continue the perfection of the liens on the Collateral for the benefit of the CreditorsSenior Lenders.

Appears in 2 contracts

Samples: Intercreditor and Collateral Agency Agreement (Winmark Corp), Intercreditor and Collateral Agency Agreement (Winmark Corp)

Administrative Actions. The Collateral Agent shall have the right right, but not the obligation, to take such actions under this Agreement hereunder and under the Collateral Documents, not inconsistent with the instructions of the Required Creditors Senior Lenders or the terms of the Collateral Documents and this Agreement, as the Collateral Agent in good faith deems necessary or appropriate to perfect or continue the perfection of the perfecxxxx xx xxx liens on the Collateral for the benefit of the CreditorsLenders.

Appears in 1 contract

Samples: Intercreditor and Collateral Agency Agreement (American Biltrite Inc)

Administrative Actions. The Collateral Agent shall have the right to take such actions under this Agreement Agreement, the Investor Loan Documents, the Pledged Account Documents, and under the Collateral Documents, not inconsistent with the instructions of the Required Creditors Investors or the terms of the Collateral Documents and this Agreement, as the Collateral Agent deems necessary or appropriate to perfect or continue the perfection of the liens on the Collateral for the benefit of the CreditorsInvestors.

Appears in 1 contract

Samples: Contribution, Indemnity, Intercreditor and Collateral Agency Agreement (PogoTec, Inc.)

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Administrative Actions. The Collateral Agent shall have the right to take such actions under this Agreement hereunder and under the Collateral Documents, not inconsistent with the instructions of the Required Creditors Senior Lenders or the Supermajority Lenders, as applicable, or the terms of the Collateral Documents and this Agreement, as the Collateral Agent reasonably deems necessary or appropriate to perfect or continue the perfection of the liens on the Collateral for the benefit of the CreditorsCollateral Agent, the Bank Agent and the Senior Lenders.

Appears in 1 contract

Samples: Credit Agreement (Epr Properties)

Administrative Actions. The Collateral Agent shall have the right right, but not the obligation, to take such actions under this Agreement hereunder and under the Collateral Documents, not inconsistent with the instructions of the Required Creditors Senior Lenders or the terms of the Collateral Documents and this Agreement, as the Collateral Agent deems in good xxxxx xxxxx necessary or appropriate to perfect or continue the perfection of the liens on the Collateral for the benefit of the CreditorsLenders.

Appears in 1 contract

Samples: Intercreditor and Collateral Agency Agreement (Quaker Fabric Corp /De/)

Administrative Actions. The Collateral Agent shall have the right right, but not the obligation, to take such actions under this Agreement hereunder and under the Collateral Documents, not inconsistent with the instructions of the Required Creditors Senior Lenders or the terms of the Collateral Documents and this Agreement, as the Collateral Agent in good faith deems necessary or appropriate to perfect or continue the perfection of perxxxxxxx xx the liens on the Collateral for the benefit of the CreditorsLenders.

Appears in 1 contract

Samples: Intercreditor and Collateral Agency Agreement (American Biltrite Inc)

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