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 or the Required Revolving Lenders, as the case may be, 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 instructions from the Required Lenders or the Required Revolving Lenders, as the case may be; 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 refraining from acting hereunder or under any other Loan Document in accordance with the instructions of the Required Lenders or the Required Revolving Lenders, as the case may be.

Appears in 8 contracts

Samples: Amendment No. 3 (Informatica Inc.), Amendment and Restatement Agreement (LEGALZOOM.COM, Inc.), Credit and Guaranty Agreement (Ancestry.com LLC)

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Certain Rights of the Administrative Agent. The Administrative Agent shall have the right to request instructions from the Required Lenders or, as required, each of the Lenders. If the Administrative Agent requests shall request instructions from the Required Lenders or each of the Required Revolving 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 DocumentCredit Agreement, the Administrative Agent shall be entitled to refrain from such act or taking such action unless and until the Administrative Agent shall have received instructions from the Required Lenders or each of the Required Revolving Lenders, as the case may be; , 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 refraining from acting hereunder or under any other Loan Document in accordance with the instructions of the Required Lenders or each of the Required Revolving Lenders, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Industrial Distribution Group Inc)

Certain Rights of the Administrative Agent. If the Administrative Agent requests instructions from the Required Revolving Lenders or and/or the Required Revolving Lenders, as the case may be, Term 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 instructions from the Required Revolving Lenders or and/or the Required Revolving Term Lenders, as the case may be; 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 hereunder or under any other Credit Document in accordance with the instructions of the Required Revolving Lenders and/or the Required Term Lenders or refraining from acting hereunder or under any other Loan Credit Document in accordance with the instructions of the Required Revolving Lenders or and the Required Revolving Term Lenders, as the case may be.

Appears in 1 contract

Samples: Credit Agreement and Forbearance Agreement (Trico Marine Services Inc)

Certain Rights of the Administrative Agent. If the The Administrative Agent requests shall have the right to request instructions from the Required Lenders or the Requisite Lenders at any time. If the Administrative Agent shall request instructions from the Required Revolving Lenders or the Requisite Lenders, as the case may be, with respect to any act or action (including the failure to act) in connection with this Credit Agreement or any the other Loan DocumentCredit 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 instructions from the Required Lenders or the Required Revolving Requisite Lenders, as the case may be; , 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 refraining from acting hereunder or under any other Loan Document in accordance with the instructions of the Required Lenders or the Required Revolving Requisite Lenders, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Williams Scotsman Inc)

Certain Rights of the Administrative Agent. If the Administrative Agent requests shall request instructions from the Lenders, the Required Lenders or the Required Revolving Lenders, Majority Term Loan A 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 Lenders, the Required Lenders or the Required Revolving Majority Term Loan A Lenders, as the case may be; 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 refraining from acting hereunder or under any this Agreement and the other Loan Document Financing Documents in accordance with the instructions of the Required Lenders or the Required Revolving Majority Term Loan A Lenders, as applicable, or, to the case may beextent required by Section 9.2, all of the Lenders.

Appears in 1 contract

Samples: Term Loan Agreement (Microcell Telecommunications Inc)

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Certain Rights of the Administrative Agent. If the ------------------------------------------ Administrative Agent requests shall request instructions from the Required Waiver Lenders or the Required Revolving Acceleration Lenders, as the case may be, 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 instructions from the Required Waiver Lenders or the Required Revolving Acceleration Lenders, as the case may be; , 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 refraining from acting hereunder or under any other Loan Financing Document in accordance with the instructions of the Required Waiver Lenders or the Required Revolving Acceleration Lenders, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Pg&e Corp)

Certain Rights of the Administrative Agent. If the Administrative Agent requests shall request instructions from the Lenders, the Required Lenders or the Required Revolving Lenders, Majority Tranche A 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 Lenders, the Required Lenders or the Required Revolving Majority Tranche A Lenders, as the case may be; 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 refraining from acting hereunder or under any this Agreement and the other Loan Document Financing Documents in accordance with the instructions of the Required Lenders or the Required Revolving Majority Tranche A Lenders, as applicable, or, to the case may beextent required by Section 9.2, all of the Lenders.

Appears in 1 contract

Samples: Tranche a Exit Facility Agreement (Microcell Telecommunications Inc)

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