Common use of Majority Lenders’ directions Clause in Contracts

Majority Lenders’ directions. The Agent will be fully protected if it acts in accordance with the instructions of the Majority Lenders 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 Lenders will be binding on all the Lenders. In the absence of such instructions the Agent may act as it considers to be in the best interests of all the Lenders.

Majority Lenders’ directions. The Agent will be fully protected if it acts in accordance with the instructions of the Majority Lenders 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 Lenders will be binding on all the Lenders. In the absence of such instructions instructions, the Agent may act act, in such manner, as it considers to be in the best interests interest of all the Lenders. If and so long as the Agent is a Lender to which any Loan is owing it shall, in the capacity as a Lender, be entitled to vote as it deems fit in its best interest.