Instructions to Agent Clause Samples

Instructions to Agent. The Agent shall:
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Instructions to Agent. (a) The Agent shall: (i) unless a contrary indication appears in a Finance Document, exercise or refrain from exercising any right, power, authority or discretion vested in it as Agent in accordance with any instructions given to it by: (A) all Lenders if the relevant Finance Document stipulates the matter is an all Lender decision; and (B) in all other cases, the Required Lenders; and (ii) not be liable for any act (or omission) if it acts (or refrains from acting) in accordance with paragraph (i) above. (b) The Agent shall be entitled (but not obliged) to request instructions, or clarification of any instruction, from the Required Lenders (or, if the relevant Finance Document stipulates the matter is a decision for any other Lender or group of Lenders, from that Lender or group of Lenders) as to whether, and in what manner, it should exercise or refrain from exercising any right, power, authority or discretion and the Agent may refrain from acting unless and until it receives those instructions or that clarification. (c) Save in the case of decisions stipulated to be a matter for any other Lender or group of Lenders under the relevant Finance Document and unless a contrary indication appears in a Finance Document, any instructions given to the Agent by the Required Lenders shall override any conflicting instructions given by any other Parties and will be binding on all Finance Parties except for the Security Agent. (d) The Agent may refrain from acting in accordance with any instructions of any Lender or group of Lenders until it has received any indemnification and/or security that it may in its discretion require (which may be greater in extent than that contained in the Finance Documents and which may include payment in advance) for any cost, loss or liability which it may incur in complying with those instructions. (e) In the absence of instructions, the Agent may act (or refrain from acting) as it considers to be in the best interest of the Lenders. (f) The Agent is not authorised to act on behalf of a Lender (without first obtaining that Lender’s consent) in any legal or arbitration proceedings relating to any Finance Document. This Clause (f) shall not apply to any legal or arbitration proceeding relating to the perfection, preservation or protection of rights under the Security Documents or enforcement of the Security Documents.
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Instructions to Agent. The Agent: (a) must exercise its Powers in accordance with any instructions given to it by the Financiers or, if specifically required to do so under a Transaction Document, all Financiers; (b) must not amend or waive any provision of a Transaction Document which has the effect of: (1) increasing the obligations of any Financier; (2) changing the terms of payment of any amounts payable under the Transaction Documents; (3) changing the manner in which those payments are to be applied; or (4) increasing the Commitment, without the consent of all of the Financiers; (c) must not amend or waive any other provision of any Transaction Document without the consent of all the Financiers unless the Agent is satisfied that the amendment is made to correct a manifest error or an error of a formal or technical nature only; (d) must not otherwise exercise any Power which the Transaction Documents specify are to be exercised with the consent or in accordance with the instructions of all the Financiers or amend any such requirement, except with that consent or in accordance with those instructions; and (e) may refrain from acting, whether in accordance with the instructions of all the Financiers or otherwise, until it has received security for any amount it reasonably believes may become payable to it by the Financiers under clause 18.11.
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Instructions to Agent. (a) The Agent shall: (i) unless a contrary indication appears in a Finance Document, exercise or refrain from exercising any right, power, authority or discretion vested in it as Agent in accordance with any instructions given to it by: (A) all Lenders if the relevant Finance Document stipulates the matter is an all Lender decision; and (B) in all other cases, the Majority Lenders; and (ii) not be liable for any act (or omission) if it acts (or refrains from acting) in accordance with paragraph (i) above.
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Instructions to Agent. An officer of ▇▇▇▇-▇▇▇▇▇ shall have --------------------- instructed the Agent to make the Distribution effective.
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Instructions to Agent. If the Salesco Merger and the Holdings Merger are completed simultaneously, the Required Lenders hereby instruct the Agent to release, upon such completion, the shares of Salesco and of Borrower (the "Pledged Shares") held as collateral pursuant to the Pledge and Security Agreements of each of Holdings and Salesco, each dated as of June 30, 1994. If the Holdings Merger is not completed, the Required Lenders hereby instruct the Agent to release, upon completion of the Salesco Merger, the Pledged Shares in return for replacement certificates representing the shares of the Borrower held by Holdings.
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Instructions to Agent. The Agent: (a) must exercise its Powers in accordance with any instructions given to it by the Majority Financiers or, if specifically required to do so under a Transaction Document, all Financiers; (b) must not amend or waive any provision of a Transaction Document which has the effect of: (1) increasing the obligations of any Financier; or (2) changing the terms of payment of any amounts payable under the Transaction Documents; or (3) changing the manner in which those payments are to be applied, without the consent of all the Financiers; (c) must not amend or waive any other provision of any Transaction Document without the consent of the Majority Financiers unless the Agent is satisfied that the amendment is made to correct a manifest error or an error of a formal or technical nature only; or
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Instructions to Agent 
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Related to Instructions to Agent

  • Instructions to Custodian The Sub-Adviser shall have authority to issue to each Fund’s custodian such instructions as it may consider appropriate in connection with the settlement of any transaction relating to a Fund that it has initiated. The Adviser shall ensure that each Fund’s custodian is obliged to comply with any instructions of the Sub-Adviser given in accordance with this Agreement. The Sub-Adviser will not be responsible for supervising a Fund’s custodian.

  • Instructions to Obligors The Collection Account is the only account to which Obligors have been instructed by the Borrower, or the Servicer on the Borrower’s behalf, to send Principal Collections and Interest Collections on the Collateral Portfolio. The Borrower has not granted any Person other than the Collateral Agent, on behalf of the Secured Parties, an interest in the Collection Account.

  • Instructions to the Trustee All orders, requests, and instructions by the Grantor to the Trustee shall be in writing, signed by or such other designees as the Grantor may designate by amendment to this agreement. The Trustee shall be fully protected in acting without inquiry in accordance with the Grantor's orders, requests, and instructions. All orders, requests, and instructions by the Agency to the Trustee shall be in writing, signed by the Agency’s Secretary or Executive Director, or designee, and the Trustee shall act and shall be fully protected in acting in accordance with such orders, requests, and instructions. The Trustee shall have the right to assume, in the absence of written notice to the contrary, that no event constituting a change or a termination of the authority of any person to act on behalf of the Grantor or the Agency hereunder has occurred. The Trustee shall have no duty to act in the absence of such orders, requests, and instructions from the Grantor and/or the Agency, except as provided for herein.

  • Instructions to Bidders The stipulated bid security amount shall be a minimum of $12,000.00. Upon award, the successful Contractor shall replace the Bid Security with the Performance Security. A mandatory preconstruction meeting between the successful Contractor and the Department shall be held in advance of construction startup, location to be determined. The Department may require a levelling course of hot mix be placed prior to placement of the seal coat. No additional compensation shall be provided for this work.

  • INSTRUCTIONS TO TENDERERS A General Provisions