Common use of Lenders Not in Control Clause in Contracts

Lenders Not in Control. None of the covenants or other provisions contained in the Credit Documents shall or shall be deemed to, give the Lenders the rights or power to exercise control over the affairs and/or management of the Borrower, any of its Subsidiaries, or any Guarantor, the power of the Lenders being limited to the right to exercise the remedies provided in the Credit Documents.

Appears in 3 contracts

Samples: Senior Secured Term Loan Agreement (Seritage Growth Properties), Senior Unsecured Term Loan Agreement (Seritage Growth Properties), Senior Unsecured Term Loan Agreement (Seritage Growth Properties)

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Lenders Not in Control. None of the covenants or other provisions contained in the Credit Loan Documents shall shall, or shall be deemed to, give the Lenders the rights or power to exercise control over the affairs and/or management of the Borrower, any of its Subsidiaries, or any Guarantor, the power of the Lenders being limited to the right to exercise the rights and remedies provided to it in the Credit Loan Documents.

Appears in 3 contracts

Samples: Secured Revolving Credit Agreement (Windrose Medical Properties Trust), Secured Revolving Credit Agreement (Windrose Medical Properties Trust), Secured Revolving Credit Agreement (Windrose Medical Properties Trust)

Lenders Not in Control. None of the covenants or other provisions contained in the Credit Documents shall this Agreement shall, or shall be deemed to, give the Lenders the rights Right or power to exercise control over the affairs and/or or management of the any Borrower, any of its Subsidiaries, or any Guarantor, the power of the Lenders being limited to the right Rights of creditors generally and the Right to exercise the remedies provided in the Credit Documentsthis Article IX.

Appears in 2 contracts

Samples: Credit and Term Loan Agreement (Electronic Data Systems Corp /De/), Credit Agreement (Electronic Data Systems Corp /De/)

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Lenders Not in Control. None of the covenants or other provisions contained in the Credit Documents shall or shall be deemed to, give the Lenders the rights or power to exercise control over the affairs and/or management of the Borrower, any of its Subsidiaries, or any Guarantor, the power of the Lenders being limited to the right to exercise the remedies provided in the Credit Documents.. Section 11.17

Appears in 1 contract

Samples: Guarantee and Collateral Agreement

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