Certain Rights of Administrative Agent. If Administrative Agent shall request instructions from the Required Lenders with respect to any action or actions (including the failure to act) in connection with this Agreement, Administrative Agent shall be entitled to refrain from such act or taking such act unless and until it shall have received instructions from such Lenders, and Administrative Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against Administrative Agent as a result of Administrative Agent acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders where required by the terms of this Agreement.
Appears in 3 contracts
Samples: Credit Agreement (Freds Inc), Construction Loan Agreement, Term Loan Agreement
Certain Rights of Administrative Agent. If Administrative Agent shall request instructions from the Required Lenders with respect to any act or action or actions (including the failure to act) in connection with this AgreementAgreement or any Other Document, Administrative Agent shall be entitled to refrain from such act or taking such act action unless and until it Administrative Agent shall have received instructions from such the Required Lenders, ; and Administrative Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender Lenders shall not have any right of action whatsoever against Administrative Agent as a result of Administrative Agent its acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders where required by the terms of this AgreementLenders.
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Comforce Corp), Security Agreement (Comforce Corp)
Certain Rights of Administrative Agent. If Administrative Agent shall request requests instructions from the Required Requisite Lenders with respect to any act or action or actions (including the failure to act) in connection with this AgreementAgreement or any other Loan Document, Administrative Agent shall be entitled to refrain from such act or taking such act action unless and until it Administrative Agent shall have received instructions from such the Requisite Lenders, ; and Administrative Agent shall not incur liability to any Person Lender by reason of so refraining. Without limiting the foregoing, no neither any Lender nor the holder of any Note shall have any right of action whatsoever against Administrative Agent as a result of Administrative Agent acting or refraining from acting hereunder or under any other Loan Document in accordance with the instructions of the Required Lenders where required by the terms of this AgreementRequisite Lenders.
Appears in 2 contracts
Samples: Credit Agreement (Alliance HealthCare Services, Inc), Credit Agreement (Alliance HealthCare Services, Inc)
Certain Rights of Administrative Agent. If Administrative Agent shall request instructions from the Required Lenders any Lender with respect to any act or action or actions (including the failure to act) in connection with this AgreementAgreement or any other Credit Document, Administrative Agent shall be entitled to refrain from such act or taking such act action unless and until it Administrative Agent shall have received instructions from such the Required Lenders, ; and Administrative Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender or the holder of any Note shall have any right of action whatsoever against Administrative Agent as a result of Administrative Agent acting or refraining from acting hereunder or under any other Credit Document in accordance with the instructions of the Required Lenders where required by the terms of this AgreementLenders.
Appears in 2 contracts
Samples: Credit Agreement (Trumps Castle Funding Inc), Credit Agreement (Trump Hotels & Casino Resorts Funding Inc)
Certain Rights of Administrative Agent. If Administrative Agent shall request instructions from the Required Lenders with respect to any act or action or actions (including the failure to act) in connection with this AgreementAgreement or any Other Document, the Administrative Agent shall be entitled to refrain from such act or taking such act action unless and until it the Administrative Agent shall have received instructions from such Required Lenders, ; and Administrative Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender Lenders shall not have any right of action whatsoever against the Administrative Agent as a result of Administrative Agent its acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders where required by the terms of this AgreementLenders.
Appears in 1 contract
Samples: Version Term Loan and Security Agreement (Redfin Corp)
Certain Rights of Administrative Agent. If Administrative Agent shall request instructions from the Required Lenders with respect to any action or actions (including the failure to act) in connection with this AgreementAgreement or any other Loan Document, Administrative Agent shall be entitled to refrain from such act or taking such act act, unless and until it shall have received instructions from such Lenders, Lenders; and Administrative Agent shall not incur liability to any Person by reason reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against Administrative Agent as a result of Administrative Agent acting or refraining from acting hereunder in accordance accordance with the instructions of the Required Lenders where required by the terms of this Agreement.
Appears in 1 contract
Certain Rights of Administrative Agent. If Administrative Agent shall request instructions from the Required Lenders with respect to any action or actions (including the failure to act) in connection with this Agreement, Administrative Agent shall be entitled to refrain from such act or taking such act act, unless and until it shall have received instructions from such Lenders, the Required Lenders (and Administrative Agent shall not incur liability to any Person in its capacity as Administrative Agent by reason of so refraining). Without limiting the foregoing, no Lender shall have any right of action whatsoever against Administrative Agent as a result of Administrative Agent Agent’s acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders where required by the terms of this Agreement.
Appears in 1 contract
Certain Rights of Administrative Agent. If Administrative Agent shall request instructions from the Required Lenders or the Majority Lenders, as the case may be, with respect to any action or actions (including the failure to act) in connection with this Agreement, Administrative Agent shall be entitled to refrain from such act or taking such act unless and until it shall have received instructions from such Lenders, and Administrative Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against Administrative Agent as a result of Administrative Agent acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders or the Majority Lenders, as the case may be, where required by the terms of this Agreement.
Appears in 1 contract
Samples: Credit Agreement (Midstates Petroleum Company, Inc.)
Certain Rights of Administrative Agent. If Administrative Agent shall request instructions from the Required Lenders with respect to any act or action or actions (including the failure to act) in connection with this AgreementAgreement or any Other Document, the applicable Administrative Agent shall be entitled to refrain from such act or taking such act action unless and until it the applicable Administrative Agent shall have received instructions from such Required Lenders, ; and Administrative Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender Lenders shall not have any right of action whatsoever against the applicable Administrative Agent as a result of Administrative Agent its acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders where required by the terms of this AgreementLenders.
Appears in 1 contract
Certain Rights of Administrative Agent. If Administrative Agent shall request instructions from the Required Lenders with respect to any action or actions (including the failure to act) in connection with this Agreement, Administrative Agent shall be entitled to refrain from such act or taking such act act, unless and until it shall have received instructions from such Lenders, ; and Administrative Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against Administrative Agent as a result of Administrative Agent acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders where required by the terms of this Agreement.
Appears in 1 contract
Certain Rights of Administrative Agent. If Administrative Agent shall request instructions from the Required Lenders (or the Majority Lenders, as the case may be) with respect to any action or actions (including the failure to act) in connection with this Agreement, Administrative Agent shall be entitled to refrain from such act or taking such act unless and until it shall have received instructions from such Lenders, and Administrative Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against Administrative Agent as a result of Administrative Agent acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders (or the Majority Lenders, as the case may be) where required by the terms of this Agreement.
Appears in 1 contract
Samples: Credit Agreement (Midstates Petroleum Company, Inc.)
Certain Rights of Administrative Agent. If Administrative Agent shall request instructions from the Required Lenders with respect to any act or action or actions (including the failure to act) in connection with this AgreementAgreement or any Other Document, Administrative Agent shall be entitled to refrain from such act or taking such act action unless and until it Administrative Agent shall have received instructions from such Required Lenders, ; and Administrative Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender Lenders shall not have any right of action whatsoever against Administrative Agent as a result of Administrative Agent its acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders where required by the terms of this AgreementLenders.
Appears in 1 contract
Samples: Term Loan Credit and Guaranty Agreement (New Enterprise Stone & Lime Co., Inc.)