Common use of Administrative Agent’s Discretion Clause in Contracts

Administrative Agent’s Discretion. Administrative Agent shall have the right in its sole discretion to determine which rights, Liens, security interests or remedies Administrative Agent may at any time pursue, relinquish, subordinate, or modify or to take any other action with respect thereto and such determination will not in any way modify or affect any of Administrative Agent’s or Lenders’ rights hereunder.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Skullcandy, Inc.), Revolving Credit and Security Agreement (Comforce Corp)

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Administrative Agent’s Discretion. Administrative Agent shall have the right in its sole discretion to determine which rights, Liens, security interests or remedies Administrative Agent may at any time pursue, relinquish, subordinate, or modify or modify, which procedures, timing and methodologies to take employ, and what any other action to take with respect to any or all of the Collateral and in what order, thereto and such determination will not in any way modify or affect any of Administrative Agent’s Agents’ or Lenders’ rights hereunderhereunder as against Loan Parties or each other.

Appears in 2 contracts

Samples: Revolving Credit, Term Loan and Security Agreement (A.S.V., LLC), Revolving Credit, Term Loan and Security Agreement (Manitex International, Inc.)

Administrative Agent’s Discretion. In connection with the exercise of rights and remedies by the Administrative Agent hereunder, the Administrative Agent shall have the right in its sole discretion to determine which rights, Liens, security interests or remedies the Administrative Agent may at any time pursue, relinquish, subordinate, or modify or to take any other action with respect thereto and such determination will not in any way modify or affect any of the Administrative Agent’s 's, the Term Loan B Agent's or the Lenders' rights hereunder.

Appears in 1 contract

Samples: Revolving Credit, Equipment Loan, Term Loan and Security Agreement (McMS Inc /De/)

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Administrative Agent’s Discretion. Administrative Agent shall have the right in its sole discretion to determine which rights, Liens, security interests or remedies Administrative Agent may at any time pursue, relinquish, subordinate, or modify or to take any other action with respect thereto and such determination will not in any way modify or affect any of Administrative Agent’s 's or Lenders' rights hereunder.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Comforce Corp)

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