Instructions of Majority Lenders. Each Agent shall in all cases be fully protected in acting or refraining from acting under this Agreement or under any other Transaction Document in accordance with the instructions of the Majority Lenders, and any action taken or failure to act pursuant to such instructions shall be binding on all of the Lenders.
Appears in 11 contracts
Samples: Agreement (International Shipholding Corp), Agreement (International Shipholding Corp), Credit Agreement (International Shipholding Corp)
Instructions of Majority Lenders. Each The Agent shall in all cases be fully protected in acting or refraining from acting under this Agreement or under any other Transaction Financing Document in accordance with the instructions of the Majority Lenders, and any action taken or failure to act pursuant to such instructions shall be binding on all of the Lenders.
Appears in 4 contracts
Samples: Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp)
Instructions of Majority Lenders. Each Agent shall in all cases be fully protected in acting or refraining from acting under this Agreement Agreement, under the Note, or under any other Transaction Security Document in accordance with the instructions of the Majority Lenders, and any action taken or failure to act pursuant to such instructions shall be binding on all of the Lenders.
Appears in 3 contracts
Samples: Restatement of Loan Agreement (Gulfmark Offshore Inc), Secured Credit Facility Agreement (Teekay Shipping Corp), Consent and Agreement (Omi Corp/M I)
Instructions of Majority Lenders. Each Agent shall in all cases be fully protected in acting or refraining from acting under this Agreement or and under any other Transaction Document the Notes in accordance with the instructions of the Majority Lenders (or, where expressly required hereby, all the Lenders), and any action taken or failure to act pursuant to such instructions shall be binding on all of the Lenders.
Appears in 2 contracts
Samples: Assignment and Assumption Agreement (Seacor Holdings Inc /New/), Assignment and Assumption Agreement (Seacor Holdings Inc /New/)
Instructions of Majority Lenders. Each Agent shall in all cases be fully protected in acting or refraining from acting under this Agreement Credit Facility Agreement, under the Note, or under any other Transaction Security Document in accordance with the instructions of the Majority Lenders, and any action taken taken, or failure to act pursuant to such instructions instructions, shall be binding on all of the Lenders.
Appears in 2 contracts
Samples: Credit Facility Agreement (Top Tankers Inc.), Credit Facility Agreement (Top Tankers Inc.)
Instructions of Majority Lenders. Each The Agent shall in all cases be fully protected in acting or refraining from acting under this Agreement or and under any other Transaction Document the Note in accordance with the instructions of the Majority Lenders (or, where expressly required hereby, all the Lenders), and any action taken or failure to act pursuant to such instructions shall be binding on all of the Lenders.
Appears in 2 contracts
Samples: Credit Facility Agreement (Seacor Smit Inc), Revolving Credit Facility Agreement (Seacor Smit Inc)
Instructions of Majority Lenders. Each Agent shall in all cases be fully protected in acting or refraining from acting under this Agreement or under any other Transaction Document in accordance with the instructions of the Majority LendersLenders (or, in the case of any Interest Rate Agreement, in accordance with the instructions of the Swap Provider), and any action taken taken, or failure to act pursuant to such instructions, shall be binding on all of the Lenders any instructions shall given by the Majority Lenders will be binding on all of the Lenders.
Appears in 1 contract
Samples: Senior Secured Term Credit Facility Agreement (Top Ships Inc.)
Instructions of Majority Lenders. Each Agent shall in all cases be fully protected in acting or refraining from acting under this Agreement Credit Facility Agreement, under the Note, or under any other Transaction Security Document in accordance with the instructions of the Majority Lenders, and any action taken taken, or failure to act pursuant to such instructions, shall be binding on all of the Lenders any instructions shall given by the Majority Lenders will be binding on all of the Lenders.
Appears in 1 contract
Samples: Senior Secured Term Credit Facility Agreement (Top Ships Inc.)
Instructions of Majority Lenders. Each Agent shall in all cases be fully protected in acting or refraining from acting under this Agreement Agreement, under the Note or under any other Transaction Security Document in accordance with the instructions of the Majority Lenders, and any action taken or failure to act pursuant to such instructions shall be binding on all of the Lenders.
Appears in 1 contract
Samples: Loan Agreement (Omi Corp/M I)
Instructions of Majority Lenders. Each The Agent shall in all cases be fully protected in acting or refraining from acting under this Agreement Agreement, under the Notes or under any other Transaction Security Document in accordance with the instructions of the Majority Lenders, and any action taken or failure to act pursuant to such instructions shall be binding on all of the Lenders.
Appears in 1 contract
Samples: Term Loan and Credit Facility Agreement (Noble Corp / Switzerland)
Instructions of Majority Lenders. Each each Agent shall in all cases be fully protected in acting or refraining from acting under this Agreement Agreement, under the Notes, or under any other Transaction Security Document in accordance with the instructions of the Majority Lenders, and any action taken taken, or failure to act pursuant to such instructions instructions, shall be binding on all of the Lenders.
Appears in 1 contract
Samples: Pledge Agreement (Stolt Nielsen S A)
Instructions of Majority Lenders. Each Agent shall in all cases be fully protected in acting or refraining from acting under this Agreement Loan Agreement, under the Note, or under any other Transaction Security Document in accordance with the instructions of the Majority Lenders, and any action taken taken, or failure to act pursuant to such instructions instructions, shall be binding on all of the Lenders.
Appears in 1 contract
Instructions of Majority Lenders. Each The Agent shall in all cases be fully protected in acting or refraining from acting under this Agreement Agreement, under the Note, under the Guarantee or under any other Transaction Security Document in accordance with the instructions of the Majority Lenders, and any action taken or failure to act pursuant to such instructions shall be binding on all of the Lenders.
Appears in 1 contract
