Common use of Agreement of Required Lenders Clause in Contracts

Agreement of Required Lenders. (a) (i) Upon any occasion requiring or permitting an approval, consent, waiver, election or other action on the part of only the Majority Term Lenders, action shall be taken by the Agent for and on behalf or for the benefit of all Lenders upon the direction of the Majority Term Lenders, and any such action shall be binding on all Lenders and (ii) upon any occasion requiring or permitting an approval, consent, waiver, election or other action on the part of only the Majority Lenders, action shall be taken by the Agent for and on behalf or for the benefit of all Lenders upon the direction of the Majority Lenders, and any such action shall be binding on all Lenders. No amendment, modification, consent, or waiver shall be effective except in accordance with the provisions of Section 10.01.

Agreement of Required Lenders. (a) (i) Upon any occasion requiring or permitting an approval, consent, waiver, election or other action on the part of only the Majority Term Required Lenders, action shall be taken by the Agent Agents for and on behalf or for the benefit of all Lenders upon the direction of the Majority Term Required Lenders, and any such action shall be binding on all Lenders and Lenders, (ii) upon any occasion requiring or permitting an approval, consent, waiver, election or other action on the part of only the Majority LendersTranche B Lender, action shall be taken by the Agent Agents for and on behalf or for the benefit of all Lenders upon the direction of the Majority LendersTranche B Lender, and any such action shall be binding on all Lenders. No amendment, modification, consent, or waiver shall be effective except in accordance with the provisions of Section 10.019.2.

Agreement of Required Lenders. (a) (i) Upon any occasion requiring or permitting an approval, consent, waiver, election or other action on the part of only the Majority Term Required Lenders, action shall be taken by the Agent Agents for and on behalf or for the benefit of all Lenders upon the direction of the Majority Term Required Lenders, and any such action shall be binding on all Lenders Lenders, and (ii) upon any occasion requiring or permitting an approval, consent, waiver, election or other action on the part of only all of the Majority Lenders, action shall be taken by the Agent Agents for and on behalf or for the benefit of all Lenders upon the direction of the Majority Lenders, all such Lenders and any such action shall be binding on all Lenders. No amendment, modification, consent, or waiver shall be effective except in accordance with the provisions of Section 10.019.02.

Agreement of Required Lenders. (a) (i) Upon any occasion requiring or permitting an approval, consent, waiver, election or other action on the part of only the Majority Term Required Lenders, action shall be taken by the Agent Agents for and on behalf or for the benefit of all Lenders upon the direction of the Majority Term Required Lenders, and any such action shall be binding on all Lenders and (ii) upon any occasion requiring or permitting an approval, consent, waiver, election or other action on the part of only all of the Majority Lenders, action shall be taken by the Agent Agents for and on behalf or for the benefit of all Lenders upon the direction of the Majority Lenders, all such Lenders and any such action shall be binding on all Lenders. No amendment, modification, consent, or waiver shall be effective except in accordance with the provisions of Section 10.019.02.