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

Certain Rights of the Administrative Agent. If the Administrative Agent 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 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 Lenders; and the 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 the Administrative Agent as a result of the Administrative Agent acting or refraining from acting hereunder or under any other Credit Document in accordance with the instructions of the Required Lenders or, if required hereunder, all the Lenders.

Appears in 1 contract

Samples: Credit Agreement (CSC Parent Corp)

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Certain Rights of the Administrative Agent. If the Administrative Agent shall request instructions from the Required Majority Lenders with respect to any act or action (including failure to act) in connection with this Agreement or any other Credit 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 Majority Lenders; and the Administrative Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender or 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 105 from acting hereunder or under any other Credit Loan Document in accordance with the instructions of the Required Lenders or, if required hereunder, all the Majority Lenders.

Appears in 1 contract

Samples: Credit Agreement (Gaylord Entertainment Co /De)

Certain Rights of the Administrative Agent. If the Administrative Agent shall request 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 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 Lenders; and the Administrative Agent shall not incur liability to any Person Lender by reason of so refraining. Without limiting the foregoing, no Lender 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 Credit Document in accordance with the instructions of the Required Lenders or, if required hereunder, all the Lenders.

Appears in 1 contract

Samples: Security Agreement (CURO Group Holdings Corp.)

Certain Rights of the Administrative Agent. If the Administrative Agent shall request instructions from the Required Lenders with respect re-spect to any act action or action ac-tions (including the failure to act) in connection with this Agreement or any other Credit DocumentAgreement, the Administrative Agent shall be entitled to refrain from such act or taking such action act unless and until the Administrative Agent it shall have received instructions from the Required Lenders; such Lend-ers, and the Administrative Agent shall not incur liability to any Person by reason rea-son of so refraining. Without limiting the foregoing, no Lender 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 Credit Document in accordance ac-cordance with the instructions of the Required Lenders or, if where required hereunder, all by the Lendersterms of this Agreement.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Fox Factory Holding Corp)

Certain Rights of the Administrative Agent. If the Administrative Agent shall request instructions from the Required Lenders Banks with respect to any act or action (including failure to act) in connection with this Agreement or any other 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 LendersBanks; and the Administrative Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender Bank 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 Credit Document in accordance with the instructions of the Required Lenders or, if required hereunder, all the LendersBanks.

Appears in 1 contract

Samples: Custody Agreement (Nicholas Applegate Fund Inc)

Certain Rights of the Administrative Agent. If the Administrative Agent shall request instructions from the Required Majority Lenders with respect to any act or action (including failure to act) in connection with this Agreement or any other 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 Majority Lenders; , and the Administrative Agent shall not incur any liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender the Lenders shall not 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 Credit Document in accordance with the instructions of the Required Majority Lenders or, if as is required hereunder, all the Lenderspursuant to this Agreement.

Appears in 1 contract

Samples: Credit Agreement (FS Energy & Power Fund)

Certain Rights of the Administrative Agent. If the Administrative Agent 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 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 Lenders; and the Administrative Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender and no 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 Credit Document in accordance with the instructions of the Required Lenders or, if required hereunder, all the Lenders.

Appears in 1 contract

Samples: Bailee Agreement (Alliance Gaming Corp)

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Certain Rights of the Administrative Agent. If the Administrative Agent shall request 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 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 Lenders; and the Administrative Agent shall not incur liability to any Person Lender by reason of so refraining. Without limiting the foregoing, no Lender 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 Credit Document in accordance with the instructions of the Required Lenders or, if required hereunder, all the Lendersor with Required Lenders Negative Consent.

Appears in 1 contract

Samples: Credit Agreement (Algoma Steel Group Inc.)

Certain Rights of the Administrative Agent. If the Administrative Agent shall request instructions from the Required Lenders Lender, with respect to any act or action (including failure to act) in connection with this Agreement or any other 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 Lenders; Lender and the Administrative Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no none of the Lender or the Holder of any Note or Loan 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 Credit Document in accordance with the instructions of the Required Lenders or, if required hereunder, all the LendersLender. Section 8.5.

Appears in 1 contract

Samples: Credit Agreement (Apollo Senior Floating Rate Fund Inc.)

Certain Rights of the Administrative Agent. If the Administrative Agent shall request 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 Credit 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; and the Administrative Agent shall not incur liability to any Person Lender by reason of so refraining. Without limiting the foregoing, no Lender 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 Credit Loan Document in accordance with the instructions of the Required Lenders or, if required hereunder, all the Lenders.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Dynagas LNG Partners LP)

Certain Rights of the Administrative Agent. If the Administrative Agent shall request instructions from the Required Lenders Banks with respect to any act or action (including failure to act) in connection with this Agreement or any other Credit Document, as the case may be, 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; Banks and the Administrative Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender Bank 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 Credit Document in accordance with the instructions of the Required Lenders or, if required hereunder, all the LendersBanks.

Appears in 1 contract

Samples: Credit Agreement (Silgan Holdings Inc)

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