Certain Rights of the Administrative Agent. If the Administrative Agent 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 the other Financing 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 or the Required Lenders, as applicable, 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 under this Agreement and the other Financing Documents in accordance with the instructions of the Required Lenders, or, to the extent required by Section 9.2, all of the Lenders.
Appears in 6 contracts
Samples: Tranche a Exit Facility Agreement (Microcell Telecommunications Inc), Tranche B Credit Agreement (Microcell Telecommunications Inc), Term Credit Agreement (Teck Cominco LTD)
Certain Rights of the Administrative Agent. If the ------------------------------------------ Administrative Agent shall request instructions from the Required Lenders or all of the Required Lenders (Lenders, as the case may be) applicable, with respect to any act or action (including the failure to act) in connection with this Agreement or the any -114- other Financing DocumentsCredit 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 or all of the Required Lenders, as applicable, ; and the Administrative Agent shall not incur liability to any Person Lender by reason of so refraining. Without limiting the foregoing, 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 this Agreement and the any other Financing Documents Credit Document in accordance with the instructions of the Required Lenders, or, to the extent required by Section 9.2, Lenders or all of the Lenders, as applicable.
Appears in 1 contract
Samples: Credit Agreement (Idt Corp)