Common use of Majority Lenders’ directions Clause in Contracts

Majority Lenders’ directions. In the exercise of any right or power and as to any matter not expressly provided for by this Agreement, the Facility Agent may act or refrain from acting in accordance with the instructions of the Majority Lenders and shall be fully protected in so doing. In the absence of any such instructions, the Facility Agent may act or refrain from acting as it shall deem fit. Any such instructions shall be binding on all the Lenders.

Majority Lenders’ directions. In the exercise of any right or power and as to any matter not expressly provided for by this Agreement, the Facility Agent may act or refrain from acting in accordance with the instructions of the Majority Lenders and shall be fully protected in so doing. Any such instructions shall be binding on all the Lenders. In the absence of any such instructions, the Facility Agent may act or refrain from acting as it shall deem see fit. Any such instructions shall be binding on all the Lenders.