Agent and the Required Lenders Sample Clauses
The "Agent and the Required Lenders" clause defines the roles, rights, and responsibilities of the agent and a specified majority of lenders (the "Required Lenders") in a syndicated loan agreement. Typically, this clause outlines how the agent acts on behalf of all lenders, manages administrative tasks, and coordinates communication, while the Required Lenders have the authority to make certain key decisions, such as waiving defaults or approving amendments. By clearly delineating authority and decision-making processes, this clause ensures efficient administration of the loan and prevents deadlock among a large group of lenders.
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Agent and the Required Lenders. The Borrower shall provide the Borrower Financial Advisor with full onsite access to its books and records and the opportunity to discuss the financial condition, performance, financial statements and other matters regarding the Borrower and its Subsidiaries with their respective officers, managers, other employees, directors, independent accountants and financial advisors to permit the Borrower Financial Advisor to fully investigate any matter that arises during its review of the financial and other information of the Borrower and its Subsidiaries. The Borrower Financial Advisor shall fully share its work product with the Borrower, the Agent and the Lenders.
Agent and the Required Lenders. The Borrower acknowledges that the agreement of the Lenders evidenced in this paragraph is given in reliance upon the foregoing conditions and agreements and shall be deemed revoked if any such condition or agreement is breached.
Agent and the Required Lenders. Notwithstanding the foregoing or anything to the contrary contained in any Loan Document, with effect from the Amendment No. 5 Effective Date, no Loan Party or Subsidiary shall pledge, cause to be pledged, or permit the pledge of, any asset owned by a Domestic Subsidiary as credit support in favor of, or for the benefit of, any Non-Loan Party.
Agent and the Required Lenders. If the Borrower receives a resignation notice from the Manager or a notice of a proposed assignment, it shall provide immediate notice thereof to the Administrative Agent and the Required Lenders.
Agent and the Required Lenders. The Agent shall give the Borrower prompt written notice of the decision of the Required Lenders with respect to the admission or rejection of any Additional Collateral as a component of the Borrowing Base.
Agent and the Required Lenders. The Borrower will not agree to or permit any changes to the Approved Installation Agreements or the Approved Forms without the prior written consent of the Collateral Agent, the Administrative Agent and the Required Lenders (such approval not to be unreasonably withheld, conditioned, or delayed).
Agent and the Required Lenders. The Equity Contribution shall have been consummated in accordance with the Equity Contribution Documents and all applicable laws (excluding immaterial violations of law which have not had, and could not reasonably be expected to have, in the aggregate for all such violations, a material adverse effect on the consummation of the Equity Contribution or a Material Adverse Effect).
Agent and the Required Lenders. This Amendment shall be binding upon and shall inure to the benefit of the parties hereto and their respective permitted successors, successors-in-title and assigns as provided in the Loan Documents. All captions in this Amendment are included herein for convenience of reference only and shall not constitute part of this Amendment for any other purpose.