Common use of Certain Rights of the Agent Clause in Contracts

Certain Rights of the Agent. If the 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, the Agent shall be entitled to refrain from such act or taking such act, unless and until the Agent shall have received instructions from the Required Lenders; and the Agent shall not incur liability in any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against the Agent as a result of the Agent acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders.

Appears in 12 contracts

Samples: Revolving Credit and Line of Credit Agreement (Hughes Supply Inc), Revolving Credit Agreement (Discount Auto Parts Inc), Credit Agreement (Fuqua Enterprises Inc)

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Certain Rights of the Agent. If the 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, the Agent shall be entitled to refrain from such act or taking such act, unless and until the Agent it shall have received instructions from the Required such Lenders; and the Agent shall not incur liability in to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against the Agent as a result of the Agent acting or refraining from acting hereunder in accordance with the instructions of the Required LendersLenders where required by the terms of this Agreement.

Appears in 3 contracts

Samples: Term Loan Agreement (Us Xpress Enterprises Inc), Term Loan Agreement (Glatfelter P H Co), Term Loan Agreement (Glatfelter P H Co)

Certain Rights of the Agent. If the 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, the Agent shall be entitled to refrain from such act or taking such act, unless and until the Agent shall have received instructions from the Required Lenders; and the Agent shall not incur liability in any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against the Agent as a result of the Agent acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders.

Appears in 3 contracts

Samples: Credit Agreement (Krystal Company), Revolving Credit and Line of Credit Agreement (Rotech Medical Corp), Credit Agreement (Morrison Restaurants Inc/)

Certain Rights of the Agent. If the 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, the Agent shall be entitled to refrain from such act or taking such act, act unless and until the Agent it shall have received instructions from the Required such Lenders; , and the Agent shall not incur liability in to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against the Agent as a result of the Agent acting or refraining from acting hereunder in accordance with the instructions of the Required LendersLenders where required by the terms of this Agreement.

Appears in 2 contracts

Samples: Credit and Security Agreement, Credit and Security Agreement (Kratos Defense & Security Solutions, Inc.)

Certain Rights of the Agent. If the 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 Loan Document, the Agent shall be entitled to refrain from such act or taking such act, action unless and until the Agent shall have received instructions from the Required Lenders; and the Agent shall not incur no liability in to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against the Agent as a result of the such Agent acting or refraining from acting hereunder or under any other Loan Document in accordance with the instructions of the Required Lenders.

Appears in 2 contracts

Samples: Loan Agreement (Qep Co Inc), Loan Agreement (Qep Co Inc)

Certain Rights of the Agent. If the 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, the Agent shall be entitled to refrain from such act or taking such act, unless and until the Agent shall have received instructions from the Required Lenders; and the Agent shall not incur liability in to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against the Agent as a result of the Agent acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Nelson Thomas Inc), Credit Agreement (Nelson Thomas Inc)

Certain Rights of the Agent. If the Agent shall request instructions from the Required Lenders and the Issuer with respect to any act or action or actions (including the failure to act) in connection with this AgreementAgreement or any Loan Document, the Agent shall be entitled to refrain from such act or taking such act, action unless and until the Agent shall have received instructions from the Required Lenders; and the Agent shall not incur liability in to any Person by reason of so refraining. Without limiting the foregoing, no Lender the Lenders and the Issuer shall not have any right of action whatsoever against the Agent as a result of the Agent its acting or refraining from acting hereunder in accordance with the instructions of the Required LendersXxxxxxx.

Appears in 2 contracts

Samples: Credit Agreement (Ramaco Resources, Inc.), Credit and Security Agreement (Ramaco Resources, Inc.)

Certain Rights of the Agent. If the 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 Loan Document, the Agent shall be entitled to refrain from such act or taking such act, action unless and until the Agent shall have received instructions from the Required Lenders; and the Agent shall not incur liability in to any Person by reason of so refraining. Without limiting the foregoing, no Lender foregoing the Lenders shall not have any right of action whatsoever against the Agent as a result of the Agent its acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Novelion Therapeutics Inc.)

Certain Rights of the Agent. If the 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, the Agent shall be entitled to refrain from such act or taking such act, unless and until the Agent shall have received instructions from the Required Lenders; and the Agent shall not incur liability in any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against the Agent as a result of the Agent acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Intermet Corp)

Certain Rights of the Agent. The Agent shall have the right to request instructions from the Lenders by notice to each of such Lenders. If the 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 Credit Agreement, the Agent shall be entitled to refrain from such act or taking such act, action unless and until the Agent shall have received instructions from the Required such Lenders; , and the Agent shall not incur liability in to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against the Agent as a result of the Agent acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders.requisite Lenders required to give such instructions

Appears in 1 contract

Samples: Credit Agreement (Metal Management Inc)

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Certain Rights of the Agent. If the 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, the Agent shall be entitled to refrain from such act or taking such act, unless and until the Agent shall have received instructions from the Required Lenders; and the Agent shall not incur liability in any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against the Agent as a 86 result of the Agent acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Rock Tenn Co)

Certain Rights of the Agent. If the 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, the Agent shall be entitled to refrain from such act or taking such act, unless and until the Agent shall have received instructions from the Required Lenders; and the Agent shall not incur liability in to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against the Agent as a result of the Agent Agent's acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Dollar General Corp)

Certain Rights of the Agent. If the Agent shall request instructions from the Required Lenders and the Issuer with respect to any act or action or actions (including the failure to act) in connection with this AgreementAgreement or any Loan Document, the Agent shall be entitled to refrain from such act or taking such act, action unless and until the Agent shall have received instructions from the Required Lenders; and the Agent shall not incur liability in to any Person by reason of so refraining. Without limiting the foregoing, no Lender the Lenders and the Issuer shall not have any right of action whatsoever against the Agent as a result of the Agent its acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders.

Appears in 1 contract

Samples: Credit and Security Agreement (Ramaco Resources, Inc.)

Certain Rights of the Agent. If the 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 Documents, the Agent shall be entitled to refrain from such act or taking such act, action unless and until the Agent shall have received instructions from the Required Lenders; and the Agent shall not incur liability in 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 Agent as a result of the Agent its acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders.

Appears in 1 contract

Samples: Credit, Guaranty and Security Agreement (Evergreen International Aviation Inc)

Certain Rights of the Agent. If the 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, the Agent shall be entitled to refrain from such act or taking such act, unless and until the Agent shall have received instructions from the Required Lenders; and the Agent shall not incur liability in any Person by reason of so refraining. Without limiting the foregoing, no Lender or the Issuing Bank shall have any right of action whatsoever against the Agent as a result of the Agent acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Morrison Health Care Inc)

Certain Rights of the Agent. If the 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 Loan Document, the Agent shall be entitled to refrain from such act or taking such act, action unless and until the Agent shall have received instructions from the Required Lenders; and the Agent shall not incur no liability in to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against the Agent as a result of the such Agent acting or refraining from acting hereunder or under any other Loan Document in accordance with the instructions of the Required Lenders.

Appears in 1 contract

Samples: Commercial Loan and Security Agreement (Trans Lux Corp)

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