Common use of Certain Rights of the Administrative Agent Clause in Contracts

Certain Rights of the Administrative Agent. If the Administrative Agent requests instructions from the Required Lenders with respect to any act or action (including failure to act) in connection with this Agreement or any other Loan Document, the Administrative Agent shall be entitled to refrain from such act or taking such action unless and until the Administrative Agent shall have received written instructions from the Required Lenders; and the Administrative Agent shall not incur liability to any Lender by reason of so refraining. Without limiting the foregoing, neither any Lender nor the holder of any Note shall have any right of action whatsoever against the Administrative Agent as a result of the Administrative Agent acting or 107 refraining from acting hereunder or under any other Loan Document in accordance with the instructions of the Required Lenders, or such greater number of Lenders as may be expressly required under Section 10.1.

Appears in 1 contract

Samples: Senior Unsecured Credit Agreement (Strategic Hotels & Resorts, Inc)

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Certain Rights of the Administrative Agent. If the Administrative Agent requests shall request instructions from the Lenders or the Required Lenders (as the case may be) with respect to any act or action (including the failure to act) in connection with this Agreement or any other Loan DocumentAgreement, the Administrative Agent shall be entitled to refrain from such act or taking such action unless and until the Administrative Agent shall have received written instructions from the Lenders or the Required Lenders; , as applicable, and the Administrative Agent shall not incur liability to any Lender Person by reason of so refraining. Without limiting the foregoing, neither any no Lender nor the holder of any Note shall have any right of action whatsoever against the Administrative Agent as a result of the Administrative Agent acting or 107 refraining from acting hereunder or under any other Loan Document this Agreement in accordance with the instructions of the Required Lenders, or such greater number or, to the extent required by Section 11.01, all of Lenders as may be expressly required under Section 10.1the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Brookfield Property Partners L.P.)

Certain Rights of the Administrative Agent. If the Administrative Agent requests shall request instructions from the Required Lenders with respect to any act or action (including failure to act) in connection with this Agreement or any other Loan Credit Document, the Administrative Agent shall be entitled to refrain from such act or taking such action unless and until the Administrative Agent shall have received written instructions from the Required Lenders; and the Administrative Agent shall not incur liability to any Lender Person by reason of so refraining. Without limiting the foregoing, neither any Lender nor the holder of any Note Revolving Loan shall have any right of action whatsoever against the Administrative Agent as a result of the Administrative Agent acting or 107 refraining from acting hereunder or under any other Loan Credit Document in accordance with the instructions of the Required Lenders, or such greater number of Lenders as may be expressly required under Section 10.1.

Appears in 1 contract

Samples: Pledge Agreement (Fairpoint Communications Inc)

Certain Rights of the Administrative Agent. If the Administrative Agent requests shall request instructions from the Required Lenders or the Majority Lenders (as the case may be) with respect to any act or action (including the failure to act) in connection with this Agreement or any the other Loan DocumentFinancing Documents, the Administrative Agent shall be entitled to refrain from such act or taking such action unless and until the Administrative Agent shall have received written instructions from the Required Lenders or the Majority Lenders; , as applicable, and the Administrative Agent shall not incur liability to any Lender Person by reason of so refraining. Without limiting the foregoing, neither any no Lender nor the holder of any Note shall have any right of action whatsoever against the Administrative Agent as a result of the Administrative Agent acting or 107 refraining from acting hereunder or under any this Agreement and the other Loan Document Financing Documents in accordance with the instructions of the Required Majority Lenders, or such greater number or, to the extent required by Section 9.2, all of Lenders as may be expressly required under Section 10.1the Lenders.

Appears in 1 contract

Samples: Credit Agreement

Certain Rights of the Administrative Agent. If the Administrative Agent requests shall request instructions from the Required Waiver Lenders with respect to any act or action (including failure to act) in connection with this Agreement or any other Loan Financing Document, the Administrative Agent shall be entitled to refrain from such act or taking such action unless and until the Administrative Agent shall have received written instructions from the Required Waiver Lenders; , and the Administrative Agent shall not incur liability to any Lender Person by reason of so refraining. Without limiting the foregoing, neither any no Lender nor or the holder of any Note shall have any right of action whatsoever against the Administrative Agent as a result of the Administrative Agent acting or 107 refraining from acting hereunder or under any other Loan Financing Document in accordance with the instructions of the Required Waiver Lenders, or such greater number of Lenders as may be expressly required under Section 10.1.. 10.5

Appears in 1 contract

Samples: Credit Agreement (Pg&e Corp)

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Certain Rights of the Administrative Agent. If the Administrative Agent requests instructions from the Required Lenders with respect to any act or action (including failure to act) in connection with this Agreement or any other Loan Credit Document, the Administrative Agent shall be entitled to act (or refrain from such act or taking such action action) unless and until the Administrative Agent shall have received written instructions from the Required Lenders; and the Administrative Agent shall not incur liability to any Lender by reason of so acting (or refraining). Without limiting the foregoing, neither any Lender Secured Creditor nor the holder of any Note shall have any right of action whatsoever against the Administrative Agent as a result of the Administrative Agent acting or 107 refraining from acting hereunder or under any other Loan Credit Document in accordance with the instructions of the Required Lenders, or such greater number of Lenders as may be expressly required under Section 10.1.

Appears in 1 contract

Samples: Intercreditor Agreement (Capella Healthcare, Inc.)

Certain Rights of the Administrative Agent. If the Administrative Agent requests instructions from the Required Lenders with respect to any act or action (including failure to act) in connection with this Agreement or any other Loan Document, the Administrative Agent shall be entitled to refrain from such act or taking such action unless and until the Administrative Agent shall have received written instructions from the Required Lenders; and the Administrative Agent shall not incur liability to any Lender by reason of so refraining. Without limiting the foregoing, neither any Lender nor the holder of any Term Note shall have any right of action whatsoever against the Administrative Agent as a result of the Administrative Agent acting or 107 refraining from acting hereunder or under any other Loan Document in accordance with the instructions of the Required Lenders, or such greater number of Lenders as may be expressly required under Section 10.1.. 11.5

Appears in 1 contract

Samples: www.sec.gov

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