Instructions of Majority Lenders. the Facility Agent or the Security Trustee, as the case may be, shall in all cases be fully protected in acting or refraining from acting under this Agreement and the other Loan Documents in accordance with the instructions of the Majority Lenders (or when applicable, 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 1 contract
Samples: Credit Agreement (Tidewater Inc)
Instructions of Majority Lenders. the Facility Administrative Agent or the Security Trustee, as the case may be, shall in all cases be fully protected in acting or refraining from acting under this Agreement and the other Loan Documents any Transaction Document in accordance with the instructions of the Majority Lenders (or when applicable, 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 1 contract
Samples: Credit Facility Agreement (K-Sea Transportation Partners Lp)
Instructions of Majority Lenders. the Facility The Administrative Agent or the Security Trustee, as the case may be, shall in all cases be fully protected in acting or refraining from acting under this Agreement and Agreement, under the other Loan Documents Note, under the Guaranty or under any Security Document in accordance with the instructions of the Majority Lenders (or when applicable, 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 1 contract
Samples: Agreement (Teekay Shipping Corp)
Instructions of Majority Lenders. Each of the Facility Agent or and the Security Trustee, as the case may be, Trustee shall in all cases be fully protected in acting or refraining from acting under this Agreement and the or under any other Loan Documents Transaction Document in accordance with the instructions of the Majority Lenders (or when applicable, 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 1 contract
Instructions of Majority Lenders. the Facility Agent or the Security Trustee, as the case may be, shall in all cases be fully protected in acting or refraining from acting under this Agreement and the other Loan Documents in accordance with the instructions of the Majority Lenders (or when applicable, all the Lenders), and any action taken or failure to act pursuant to such instructions shall be binding on all of the Lenders;; and
Appears in 1 contract
