Majority Banks' directions. The Agent will be fully protected if it acts in accordance with the instructions of the Majority Banks in connection with the exercise of any right, power or discretion or any matter not expressly provided for in the Finance Documents. Any such instructions given by the Majority Banks will be binding on all the Banks. In the absence of such instructions the Agent may act as it considers to be in the best interests of all the Banks.
Appears in 11 contracts
Samples: Multicurrency Revolving Credit Facility (Scottish Power PLC), Revolving Credit Facility (Celltech Group PLC), Multicurrency Revolving Credit Facility (Scottish Power PLC)
Majority Banks' directions. The Agent will be fully protected if it acts in accordance with the instructions of the Majority Banks in connection with the exercise of any right, power or discretion or any matter not expressly provided for in the Finance Documentsthis Agreement. Any such instructions given by the Majority Banks will be binding on all the Banks. In the absence of such instructions instructions, the Agent may act as it considers to be in the best interests of all the Banks.
Appears in 5 contracts
Samples: Revolving Credit Facility (Cobe Laboratories Inc), Credit Facility Agreement (Lg Electronics Inc), Revolving Credit Facility (Incentive Ab)
Majority Banks' directions. The Each Agent will be fully protected if it acts in accordance with the instructions of the Majority Banks in connection with the exercise of any right, power or discretion or any matter not expressly provided for in the Finance Documents. Any such instructions given by the Majority Banks will be binding on all the Banks. In the absence of such instructions the an Agent may act as it considers to be in the best interests of all the Banks.
Appears in 2 contracts
Samples: Credit Facility Agreement (Azurix Corp), Credit Facility (Azurix Corp)
Majority Banks' directions. The Agent will be fully protected if it acts in accordance with the instructions of the Majority Banks in connection with the exercise of any right, power or discretion or any matter not expressly provided for in the Finance Documents. Any such instructions given by the Majority Banks will be binding on all the Banks. In the absence of such instructions the Agent may act as it reasonably considers to be in the best interests of all the Banks, provided that the Agent may not start any legal proceedings on behalf of a Finance Party without that Finance Party's prior consent.
Appears in 2 contracts
Samples: Revolving Credit Facility (WDR Acquisition Corp), Revolving Credit Facility (S Acquisition Corp)
Majority Banks' directions. The An Agent will be fully protected if it acts in accordance with the instructions of the Majority Banks in connection with the exercise of any right, power or discretion or any matter not expressly provided for in the Finance Documents. Any such instructions given by the Majority Banks will be binding on all the Banks. In the absence of such instructions the an Agent may act as it considers to be in the best interests of all the Banks.
Appears in 2 contracts
Samples: 364 Day Multi Currency Revolving Credit With Term Out Option (National Grid Transco PLC), Loan Agreement (National Grid Group PLC)
Majority Banks' directions. The Each Agent will be fully protected if it acts in accordance with the instructions of the Majority Banks in connection with the exercise of any right, power or discretion or any matter not expressly provided for in the Finance Documents. Any such instructions given by the Majority Banks will be binding on all the Banks. In the absence of such instructions the each Agent may act as it considers to be in the best interests of all the Banks.
Appears in 2 contracts
Samples: Credit Agreement (Getty Images Inc), Credit Agreement (Getty Images Inc)
Majority Banks' directions. The Agent will be fully protected if it acts in accordance with the instructions of the Majority Banks in connection with the exercise of any right, power or discretion or any matter not expressly provided for in the Finance Documents. Any such instructions given by the ________________________________________________________________________________ 48 ________________________________________________________________________________ Majority Banks will be binding on all the Banks. In the absence of such instructions the Agent may act as it considers to be in the best interests of all the Banks.
Appears in 1 contract
Samples: Multicurrency Revolving Credit Facility (Scottish Power PLC)
Majority Banks' directions. The Agent will be fully protected if it acts in accordance with the instructions of the Majority Banks in connection with the exercise of any right, power or discretion or any matter not expressly provided for in the Finance Documentsthis Agreement. Any such instructions given by the Majority Banks will be binding on all the Banks. In the absence of such instructions the Agent may act as it considers to be in the best interests of all the Banks.-------------------------------------------------------------------------------
Appears in 1 contract
