Direction to Administrative Agent. The Lenders party hereto, constituting the Requisite Lenders, hereby (a) authorize and direct the Administrative Agent to acknowledge this Amendment and Waiver, and (b) acknowledge and agree that (i) the direction in this Section 13 constitutes a direction from the Lenders under the provisions of Section 9 of the Credit Agreement and (ii) Sections 9.3 and 9.6 of the Credit Agreement (including as amended hereby) shall apply to any and all actions taken by the Administrative Agent and the Collateral Agent in accordance with such directions. [Remainder of page left intentionally blank]
Direction to Administrative Agent. Each Lender (a) hereby directs the Administrative Agent to execute this Amendment and (b) acknowledges and agrees that the Administrative Agent has executed this Amendment in reliance of the direction set forth in clause (a).
Direction to Administrative Agent. Each of the Lenders signatory hereto (constituting Required Tranche Lenders) directs the Administrative Agent to execute this Amendment and authorizes the Administrative Agent to take action as agent on its behalf and to exercise such powers and discretion under the DIP Credit Agreement and the other Loan Documents as are delegated to the Administrative Agent by the terms thereof, together with such powers and discretion as are reasonably incidental thereto. The Borrower and the Lenders agree that the indemnifications provided in Section 9.05 of the DIP Credit Agreement apply to the foregoing instruction and the execution of this Amendment.
Direction to Administrative Agent. Each Lender party hereto, which collectively constitute all of the Lenders, hereby directs the Administrative Agent to enter into this Agreement.
Direction to Administrative Agent. Each of the Consenting Holders party hereto hereby (i) authorizes and directs the Warrant Agent to enter into this Amendment and (ii) confirms that it is a Holder under the Xxxxx Act Warrant Agreement as of the date hereof.
Direction to Administrative Agent. Determining Lenders hereby provide notice to the Administrative Agent that as a result of the existing Events of Default, the Administrative Agent is hereby delivered notice of its obligation to apply payments received in accordance with Section 2.10(d)(ii). Determining Lenders hereby direct the Administrative Agent to execute such documents as shall be necessary to enable the Borrower to incur the Indebtedness contemplated by Section 7.1(p) of the Credit Agreement, including without limitation execution of documents (i) subordinating the Lien which secures the Obligations upon the claims arising directly or indirectly from the transactions contemplated by the Courtesy Recapitalization or otherwise in connection with the acquisition of the Borrower and its Subsidiaries on or about July 30, 1999, to the Lien thereon which secures the Indebtedness contemplated by Section 7.1(p) of the Credit Agreement, (ii) granting or consenting to a pari passu Lien upon the Collateral as security for the Indebtedness contemplated by Section 7.1(p) of the Credit Agreement, and (iii) in respect of intercreditor arrangements with any Lender of the Indebtedness contemplated by Section 7.1(p) of the Credit Agreement.
Direction to Administrative Agent. By signing below, each Lender authorizes and directs the Administrative Agent to execute this letter agreement.
Direction to Administrative Agent. By its execution hereof, the Required Lenders direct the Administrative Agent to acknowledge this Waiver Agreement.
Direction to Administrative Agent. Each Lender and Issuing Bank hereby (i) directs the Administrative Agent, in its capacity as First Priority Agent and Controlling Party under the Collateral Trust Agreement, upon the Amendment No. 3 Effective Date, to deliver to the Collateral Trustee a letter directing the termination of Collateral Agreement and the Collateral Trust Agreement (the “Direction Letter”), substantially in the form attached hereto as Exhibit A and (ii) consents to the execution and delivery of such documents and instruments and taking such other actions (including filing of termination statements and other releases and return of possessory collateral) by the Administrative Agent and/or Collateral Trustee as necessary or advisable to evidence the Lien Release at the sole cost and expense of the Borrower.
Direction to Administrative Agent. The undersigned Lenders (representing collectively the Required Lenders) hereby authorize and direct the Administrative Agent to enter into this Amendment.
