Common use of LIMITATION ON EXERCISE OF POWER Clause in Contracts

LIMITATION ON EXERCISE OF POWER. Notwithstanding anything hereinabove to the contrary, the powers set forth in Section 10.1(a) and (b) above may only be exercised by the Administrative Agent on and after the occurrence and during the continuation of an Event of Default which has not otherwise been waived by the Administrative Agent.

LIMITATION ON EXERCISE OF POWER. Notwithstanding anything hereinabove to the contrary, the powers set forth in Section 10.1(a10.1(b), (d) and (be) above may only be exercised by the Administrative Agent on and after the occurrence and during the continuation of an Event of Default which has not otherwise been waived by the Administrative Agent. The powers set forth in Section 10.1(a), (c) and (f) above may be exercised by the Administrative Agent at any time.