Agent Discretion Sample Clauses

Agent Discretion. Notwithstanding anything set forth herein or in the other Credit Documents to the contrary, to the extent any such Credit Document grants any Agent discretion to act or refrain from acting without the direction of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as such Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 10.5 and Sections 8.1, 8.2 and 8.3), such Agent shall nonetheless be entitled to request direction from the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as such Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 10.5 and Sections 8.1, 8.2 and 8.3) as to the matter over which such Agent has been granted discretion, and no Agent shall be required to exercise or be liable for failure to exercise such discretion until such time as it has obtained the requested direction from the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as such Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 10.5 and Sections 8.1, 8.2 and 8.3).
AutoNDA by SimpleDocs
Agent Discretion. Notwithstanding anything else to the contrary herein, whenever reference is made in this Agreement to any discretionary action by, consent, designation, specification, requirement or approval of, notice, request or other communication from, or other direction given or action to be undertaken or to be (or not to be) suffered or omitted by the Collateral Agent or the Collateral Agent or to any election, decision, opinion, acceptance, use of judgment, expression of satisfaction, reasonable satisfaction or other exercise of discretion, rights or remedies to be made (or not to be made) by the Collateral Agent or the Collateral Agent, it is understood that in all cases such Agents shall be fully justified in failing or refusing to take any such action under this Agreement as it deems appropriate. This Section 8.18 (i) is applicable only with regards to the Credit Agreement and the parties thereto and (ii) is intended solely for the benefit of the Collateral Agent, the Collateral Agent and their successors and permitted assigns and is not intended to and will not entitle the other parties hereto to any defense, claim or counterclaim, or confer any rights or benefits on any party hereto
Agent Discretion. The First Lien Term Loan Agent, the Second Lien Term Loan Agent, the ABL Agent and each Additional Term Agent hereby agree that notwithstanding any provision under any First Lien Term Loan Document, Second Lien Term Loan Document, ABL Document or Additional Term Document, as applicable, the ABL Collateral Representative shall have sole discretion (in consultation with the Company, if applicable) with respect to any determination concerning ABL Priority Collateral as to which such Agent would have authority to exercise under any First Lien Term Loan Document, Second Lien Term Loan Document, ABL Document or Additional Term Document, as applicable. The First Lien Term Loan Agent, the Second Lien Term Loan Agent, the ABL Agent and each Additional Term Agent hereby agree that notwithstanding any provision under any First Lien Term Loan Document, Second Lien Term Loan Document, ABL Document or Additional Term Document, as applicable, the Term Loan Collateral Representative shall have sole discretion (in consultation with the Company, if applicable) with respect to any determination concerning Term Loan Priority Collateral as to which such Agent would have authority to exercise under any First Lien Term Loan Document, Second Lien Term Loan Document, ABL Document or Additional Term Document, as applicable.
Agent Discretion. The Agent shall have the right in its sole discretion to determine which rights, Liens, security interests or remedies the 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 rights of the Agent, the Lenders or the Issuer hereunder.
Agent Discretion. The Term Loan Agent, the ABL Agent and each Additional Agent hereby agree that notwithstanding any provision under any Term Loan Document, ABL Document or Additional Document, as applicable, the ABL Collateral Representative shall have sole discretion (in consultation with the Company, if applicable) with respect to any determination concerning ABL Priority Collateral as to which such Agent would have authority to exercise under any Term Loan Document, ABL Document or Additional Document, as applicable. The Term Loan Agent, the ABL Agent and each Additional Agent hereby agree that notwithstanding any provision under any Term Loan Document, ABL Document or Additional Document, as applicable, the Term Loan Collateral Representative shall have sole discretion (in consultation with the Company, if applicable) with respect to any determination concerning Term Loan Priority Collateral as to which such Agent would have authority to exercise under any Term Loan Document, ABL Document or Additional Document, as applicable.
Agent Discretion. Each of the Parties to this Agreement, acknowledge and agree that this Agreement is not intended to permit or require any of such Agents to take any actions in connection with this Agreement that require the exercise of discretion by any of such Agents. To the extent an Agent determines that any decision whether or not to act, or the manner in which to act, under the terms of this Agreement, including any Distribution Notice or Termination Right Trigger Event Notice, may require the exercise of discretion, the Lenders party hereto shall deliver to such Agent, or such Agent may request and be entitled to receive from the Lenders party hereto, before acting clear and complete instructions, security and/or indemnity acceptable to such Agent regarding such action and such Agent shall be required to act only upon receipt of appropriate written instructions, security and/or indemnity from such Lenders given in accordance with this Agreement or the applicable Financing Documents. If the Lenders party hereto have not timely delivered a written instruction, security and/or indemnity to the applicable Agent, irrespective of whether the Agent has requested instruction, such Agent (i) shall have no liability for declining or failing to take any action or any such inaction and (ii) may, but shall not be obligated to, take or not take any action that it determines to be necessary or appropriate. Neither an Agent’s faithful compliance with any instruction given by the Lenders party hereto, nor any inaction on any matter by such Agent where an instruction from such lenders is not timely received in respect of such matter, shall constitute gross negligence or willful misconduct for any purpose whatsoever.
Agent Discretion. Notwithstanding anything set forth herein or in the other Credit Documents to the contrary, other than solely for the purpose of preserving or protecting the value of any Collateral or performing any administrative or mechanical functions, no Agent shall exercise any discretion without receiving the direction of the Required Lenders.
AutoNDA by SimpleDocs
Agent Discretion. The Agent has the right to change the details of how scores are marketed and sold through the Website, including any of the details specified in the previous section, and will have full discretion to catalogue and display the Scores, and any background material on the Composer or the Scores, as the Agent deems appropriate. The Agent will also have the right to refuse to market and sell any Scores, and to refuse to display any material, which it deems objectionable for any reason.
Agent Discretion. Unless otherwise expressly provided for herein, any judgment, determination, approval, consent or action required or permitted to be taken by the Agent pursuant to this Agreement may be exercised, made or withheld in the sole discretion of the Agent.
Agent Discretion. Notwithstanding anything set forth herein or in the other Credit Documents to the contrary, to the extent any such Credit Document grants any Agent discretion to act or refrain from acting without the direction of the Required Lenders (or the Required Revolving Lenders or Required Term Loan Lenders if applicable pursuant to Section 8.4, or such other number or percentage of the Lenders as shall be necessary, or as such Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 10.5 and Sections 8.1, 8.2 and 8.3), such Agent shall nonetheless be entitled to request direction from the Required Lenders (or the Required Revolving Lenders or Required Term Loan Lenders if applicable pursuant to Section 8.4, or such other number or percentage of the Lenders as shall be necessary, or as such Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 10.5 and Sections 8.1, 8.2 and 8.3) as to the matter over which such Agent has been granted discretion, and no Agent shall be required to exercise or be liable for failure to exercise such discretion until such time as it has obtained the requested direction from the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as such Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 10.5 and Sections 8.1, 8.2 and 8.3).
Time is Money Join Law Insider Premium to draft better contracts faster.