Agreement of Required Banks. Upon any occasion requiring or permitting an approval, consent, waiver, election or other action on the part of the Required Banks, action shall be taken by the Agent for and on behalf or for the benefit of all Banks upon the direction of the Required Banks, and any such action shall be binding on all Banks. No amendment, modification, consent, or waiver shall be effective except in accordance with the provisions of Section 10.10.
Appears in 12 contracts
Samples: Credit and Guaranty Agreement (Burlington Industries Inc /De/), Credit and Guaranty Agreement (Carson Pirie Scott & Co /Il/), Security Agreement (Carson Pirie Scott & Co /Il/)
Agreement of Required Banks. Upon any occasion requiring or --------------------------- permitting an approval, consent, waiver, election or other action on the part of the Required Banks, action shall be taken by the Agent for and on behalf or for the benefit of all Banks upon the direction of the Required Banks, and any such action shall be binding on all Banks. No amendment, modification, consent, or waiver shall be effective except in accordance with the provisions of Section 10.10.
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (Brunos Inc), Credit and Guaranty Agreement (Mariner Post Acute Network Inc)
Agreement of Required Banks. Upon any occasion requiring or permitting an approval, consent, waiver, election or other action on the part of the Required Banks, action shall be taken by the Agent as provided for herein for and on behalf or for the benefit of all Banks upon the direction of the Required Banks, and any such action shall be binding on all Banks. No amendment, modification, consent, or waiver shall be effective except in accordance with the provisions of Section 10.10.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Alliance Entertainment Corp)
Agreement of Required Banks. Upon any occasion requiring or permitting an --------------------------- approval, consent, waiver, election or other action on the part of the Required Banks, action shall be taken by the Agent for and on behalf or for the benefit of all Banks upon the direction of the Required Banks, and any such action shall be binding on all Banks. No amendment, modification, consent, or waiver shall be effective except in accordance with the provisions of Section 10.10.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Armstrong World Industries Inc)
Agreement of Required Banks. Upon any occasion requiring --------------------------- or permitting an approval, consent, waiver, election or other action on the part of the Required Banks, action shall be taken by the Agent for and on behalf or for the benefit of all Banks upon the direction of the Required Banks, and any such action shall be binding on all Banks. No amendment, modification, consent, or waiver shall be effective except in accordance with the provisions of Section 10.10.
Appears in 1 contract