Common use of Instructions from Lenders Clause in Contracts

Instructions from Lenders. The Agent shall not be required to exercise any discretion or take any action as to matters not expressly provided for by this Agreement and the other Loan Documents (including, without limitation, collection and enforcement actions in respect of any Obligations under the Notes or this Agreement and any collateral therefor) except that the Agent shall take such action (or omit to take such action) other than actions referred to in Section 15.1, as may be reasonably requested of it in writing by the Majority Lenders with instructions and which actions and omissions shall be binding upon all the Lenders; provided, however, that the Agent shall not be required to act (or omit any act) if, in its judgment, any such action or omission might expose the Agent to personal liability or might be contrary to this Agreement, any other Loan Documents or any applicable Law.

Appears in 2 contracts

Samples: Credit Agreement (Lincoln Electric Holdings Inc), Credit Agreement (Lincoln Electric Holdings Inc)

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Instructions from Lenders. The Agent shall not be required to exercise any discretion or take any action as to matters not expressly provided for by this Agreement and the other Loan Documents (including, without limitation, collection and enforcement actions in respect of any Obligations under the Notes or this Agreement and any collateral therefor) except EXCEPT that the Agent shall take such action (or omit to take such action) other than actions referred to in Section 15.1, as may be reasonably requested of it in writing by the Majority Lenders with instructions and which actions and omissions shall be binding upon all the Lenders; providedPROVIDED, howeverHOWEVER, that the Agent shall not be required to act (or omit any act) if, in its judgment, any such action or omission might expose the Agent to personal liability or might be contrary to this Agreement, any other Loan Documents or any applicable Law.

Appears in 1 contract

Samples: Credit Agreement (Lincoln Electric Holdings Inc)

Instructions from Lenders. The Agent shall not be required to exercise any discretion or take any action as to matters not expressly provided for by this Agreement and the other Loan Documents (including, without limitation, collection and enforcement actions in respect of any Obligations under the Revolving Credit Notes or this Agreement and any collateral therefor) ), except that the Agent shall take such action (or omit to take such action) other than actions referred to in Section 15.112.1 of this Agreement, as may be reasonably requested of it in writing by the Majority Required Lenders with instructions and which actions and omissions shall be binding upon all of the Lenders; provided, however, that the Agent shall not be required to act (or omit any act) if, in its judgment, any such action or omission might expose the Agent to personal liability or might be contrary to this Agreement, any other Loan Documents Document or any applicable Law.

Appears in 1 contract

Samples: Credit and Security Agreement (Diy Home Warehouse Inc)

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Instructions from Lenders. The Agent shall not be required to exercise any discretion or take any action as to matters not expressly provided for by this Agreement and the other Loan Documents (including, without limitation, collection and enforcement actions in respect of any Obligations under the Notes or this Agreement and any collateral therefor) except EXCEPT that the Agent shall take such action (or omit to take such action) other than actions referred to in Section 15.112.1 of this Agreement, as may be reasonably requested of it in writing by each of the Majority Lenders with instructions and which actions and omissions shall be binding upon all of the Lenders; provided: PROVIDED, howeverHOWEVER, that the Agent shall not be required to act (or omit any act) if, in its judgment, any such action or omission might expose the Agent to personal liability or might be contrary to this Agreement, any other Loan Documents Document or any applicable Law.

Appears in 1 contract

Samples: Asset Based Loan and Security Agreement (Mazel Stores Inc)

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