Bank Action. The Bank shall have taken all necessary corporate action to effectuate the Bank Merger immediately following the Effective Time.
Bank Action. Each Bank agrees that it shall not take or institute any actions or proceedings, judicial or otherwise, for any right or remedy against any Loan Party under any of the Credit Documents or the Secured Hedge Agreements (including the exercise of any right of setoff, rights on account of any banker’s lien or similar claim or other rights of self-help), or institute any actions or proceedings, or otherwise commence any remedial procedures, with respect to any Collateral or any other property of any such Loan Party, without the prior written consent of the Administrative Agent. The provision of this Section 11.21 are for the sole benefit of the Banks and shall not afford any right to, or constitute a defense available to, any Loan Party.
Bank Action. The Bank is hereby authorized and permitted ----------- to take any action at any time (except as expressly limited below) it reasonably deems necessary or prudent to protect the Collateral or its security interest in the Collateral, and SatCon agrees to reimburse the Bank for all reasonable costs and expenses incurred by the Bank in connection therewith. Without limiting the generality of the foregoing (but subject to the Bank's reasonably determining it necessary or prudent), SatCon hereby grants to the Bank the right, at the Bank's sole discretion:
Bank Action. The Bank is hereby authorized and permitted to take any action at any time and from time to time (except as expressly limited below) it reasonably deems necessary or prudent to protect the Collateral or its security interest in the Collateral, and Smith Brothers agrees to reimburse the Bank for all reasonable costs xxx expenses incurred by the Bank in connection therewith. Without limiting the generality of the foregoing (but subject to the Bank's reasonably determining it necessary or prudent), Smith Brothers hereby grants to the Bank the right, at the Bank's soxx xxscretion:
Bank Action. Bank will have the right, but not the obligation, to commence, appear in or defend any action or proceeding purporting to affect or enforce the rights, duties or liabilities of either of the parties hereunder, or the disbursement of any funds in the Account. In connection herewith, Bank may incur and pay costs and expenses, including a reasonable attorney's fee. Xxxxxxxx agrees to pay to Bank on demand all such expenses, and Bank is authorized to disburse funds from the Account or as a Loan advance for said purpose.
Bank Action. The Bank Board, at a meeting duly called and held on January 24, 2007, unanimously (i) determined, based upon such factors as the Bank Board deemed appropriate, that the Merger is fair to and in the best interests of the Bank and its shareholders, (ii) approved this Agreement and the Merger in accordance with the TFC and the TBCA, (iii) resolved to recommend approval and adoption of this Agreement and the Merger and the other transactions contemplated hereby by the Bank’s shareholders and (iv) directed that this Agreement and the Merger be submitted to the Bank’s shareholders for approval.
Bank Action. The Bank is hereby authorized and permitted to take any action at any time and from time to time (except as expressly limited below) it reasonably deems necessary or prudent to protect the Collateral or its security interest in the Collateral, and Saddlery agrees to reimburse the Bank for all reasonable costs and expenses incurred by the Bank in connection therewith. Without limiting the generality of the foregoing (but subject to the Bank's reasonably determining it necessary or prudent), Saddlery hereby grants to the Bank the right, at the Bank's sole discretion:
