Common use of Certain Rights of the Agent Clause in Contracts

Certain Rights of the Agent. If the 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 Loan Documents, the Agent shall be entitled to refrain from such act or taking such action unless and until the Agent shall have received written instructions from the Lenders or the Required Lenders, as applicable, and the 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 Agent as a result of the Agent acting or refraining from acting under this Agreement and the other Loan 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 7 contracts

Samples: Credit Agreement (Mercer International Inc.), Credit Agreement (Mercer International Inc.), Credit Agreement (BlueLinx Holdings Inc.)

AutoNDA by SimpleDocs

Certain Rights of the Agent. The Agent shall have the right to --------------------------- request instructions from the Required Lenders at any time. If the 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 Loan DocumentsCredit Agreement, the Agent shall be entitled to refrain from such act or taking such action unless and until the Agent shall have received written instructions from the Lenders or the Required Lenders, as applicable, and the 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 Agent as a result of the Agent acting or refraining from acting under this Agreement and the other Loan Documents hereunder in accordance with the instructions of the Required Lenders, or, to the extent required by Section 9.2, all of the Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Jorgensen Earle M Co /De/), Credit Agreement (Jorgensen Earle M Co /De/)

Certain Rights of the Agent. The Agent shall have the right to request instructions from the Required Lenders at any time. If the 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 Credit Agreement or the other Loan Credit Documents, the Agent shall be entitled to refrain from such act or taking such action unless and until the Agent shall have received written instructions from the Lenders or the Required Lenders, as applicable, and the 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 Agent as a result of the Agent acting or refraining from acting under this Agreement and the other Loan Documents hereunder in accordance with the instructions of the Required Lenders, or, to the extent required by Section 9.2, all of the Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Mobile Field Office Co), Credit Agreement (Consumers Us Inc)

Certain Rights of the Agent. If the 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 any other Loan DocumentsTransaction Agreement, the Agent shall be entitled to refrain from such act or taking such action unless and until the Agent shall have received written instructions from the Lenders or the Required Lenders, as applicable, ; and the Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender or the holder of any Note shall have any right of action whatsoever against the Agent as a result of the Agent acting or refraining from acting hereunder or under this any other Transaction Agreement and the other Loan 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 1 contract

Samples: Rig Finance Agreement (Chiles Offshore Inc/New/)

Certain Rights of the Agent. If the 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 any other Loan DocumentsDocument, the Agent shall be entitled to refrain from such act or taking such action unless and until the Agent shall have received written instructions from the Lenders or the Required Lenders, as applicable, ; and the Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no neither any Lender nor the holder of any Note shall have any right of action whatsoever against the Agent as a result of the Agent acting or refraining from acting hereunder or under this Agreement and the any other Loan Documents Document in accordance with the instructions of the Required Lenders, or, to the extent required by Section 9.2, all of the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Peebles Inc)

Certain Rights of the Agent. If the 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 Loan Documents, the Agent shall be entitled to refrain from such act or taking such action unless and until the Agent shall have received written instructions from the Lenders or the Required Lenders, as applicable, and the 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 Agent as a result of 12298241.7 the Agent acting or refraining from acting under this Agreement and the other Loan 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 1 contract

Samples: Credit Agreement (Canwest Media Inc)

Certain Rights of the Agent. If the Agent shall request instructions from the Lenders Fronting Bank 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 any other Loan DocumentsFinancing Document, the Agent shall be entitled to refrain from such act or taking such action unless and until the Agent shall have received written instructions from the Lenders Fronting Bank or the Required Lenders, as applicable, the case may be; and the Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no neither the Fronting Bank nor any Lender shall have any right of action whatsoever against the Agent as a result of the Agent acting or refraining from acting hereunder or under this Agreement and the any other Loan Documents Financing Document in accordance with the instructions of the Required Lenders, or, to Fronting Bank and the extent required by Section 9.2, all of the Majority Lenders.

Appears in 1 contract

Samples: Reimbursement Agreement (Delta Air Lines Inc /De/)

AutoNDA by SimpleDocs

Certain Rights of the Agent. If the 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 any other Loan DocumentsDocument, the Agent shall be entitled to refrain from such act or taking such action unless and until the Agent shall have received written instructions from the Lenders or the Required Lenders, as applicable, ; and the Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no neither any Lender nor any holder of the Note shall have any right of action whatsoever against the Agent as a result of the Agent acting or refraining from acting hereunder or under this Agreement and the any other Loan Documents Document in accordance with the instructions of the Required Lenders, or, to the extent required by Section 9.2, all of the Lenders.

Appears in 1 contract

Samples: Loan Agreement (Tech Electro Industries Inc/Tx)

Certain Rights of the Agent. The Agent shall have the right to request instructions from the Lenders at any time. If the 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 Loan DocumentsCredit Agreement, the Agent shall be entitled to refrain from such act or taking such action unless and until the Agent shall have received written instructions from the Majority Lenders or the Required Lenders, as applicable, and the 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 Agent as a result of the Agent acting or refraining from acting under this Agreement and the other Loan Documents hereunder in accordance with the instructions of the Majority Lenders or the Required Lenders, or, to the extent required by Section 9.2, all of the Lendersas applicable.

Appears in 1 contract

Samples: Credit Agreement (Di Giorgio Corp)

Certain Rights of the Agent. If the 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 any other Loan DocumentsDocument, the Agent shall be entitled to refrain from such act or taking such action unless and until the Agent shall have received written instructions from the Lenders or the Required Lenders, as applicable, ; and the Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender or the holder of any Note shall have any right of action whatsoever against the Agent as a result of the Agent acting or refraining from acting hereunder or under this Agreement and the any other Loan Documents Document in accordance with the instructions of the Required Lenders, or, to the extent required by Section 9.2, all of the Lenders.

Appears in 1 contract

Samples: Senior Subordinated Loan Agreement (Physician Health Corp)

Certain Rights of the Agent. If the 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 any other Loan DocumentsDocument, the Agent shall be entitled to refrain from such act or taking such action unless and until the Agent shall have received written instructions from the Lenders or the Required Lenders, as applicable, ; and the Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no neither any Lender nor the holder of any Note shall have any right of action whatsoever against the Agent as a result of the Agent acting or refraining from acting hereunder or under this Agreement and the any other Loan Documents Document in accordance with the instructions of the Required Lenders, or, to the extent required by Section 9.2, all of the Lenders.

Appears in 1 contract

Samples: Credit Agreement (HCC Industries International)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!