Common use of No Action without Instructions Clause in Contracts

No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to instructions from the Required Lenders (or, where expressly required by the terms of this Agreement, such greater or other proportion of the Lenders).

Appears in 2 contracts

Samples: Credit Agreement (Par Technology Corp), Credit Agreement (2U, Inc.)

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No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to instructions from the Required Lenders (or, where expressly required by the terms of this Agreement, such a greater or other proportion of the Lenders).. (b)

Appears in 2 contracts

Samples: Version Fourth (White Mountains Insurance Group LTD), Execution Version Credit Agreement (White Mountains Insurance Group LTD)

No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to instructions from the Required Requisite Lenders (or, where expressly required by the terms of this Agreement, such a greater or other proportion of the Lenders).

Appears in 2 contracts

Samples: Loan Agreement (Us Airways Group Inc), Agreement (Us Airways Inc)

No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except (subject to clause (b) below) any action it is required to take or omit to take (i) under any Loan Transaction Document or (ii) pursuant to written instructions from the Required Lenders Majority Purchasers (or, where expressly required by the terms of this Agreement, such a greater or other proportion of the LendersPurchasers).

Appears in 2 contracts

Samples: Revenue Interest Financing Agreement (BioXcel Therapeutics, Inc.), Security Agreement (Impel Pharmaceuticals Inc)

No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except (subject to clause (b) below) any action it is required to take or omit to take (i) under any Loan Transaction Document or (ii) pursuant to written instructions from the Required Lenders Majority Purchasers (or, where expressly required or permitted by the terms of this Agreement, such greater or other proportion any number of the LendersPurchasers).. (b)

Appears in 2 contracts

Samples: Revenue Interest Purchase and Sale Agreement (Verona Pharma PLC), Revenue Interest Purchase and Sale Agreement (Verona Pharma PLC)

No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to instructions from the Required Lenders (or, where expressly required by the terms of this Agreement, the Required Revolving Lenders or such greater or other proportion of the Lenders).. (b)

Appears in 1 contract

Samples: Credit Agreement (Blend Labs, Inc.)

No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except (subject to Section 12.03(b) below) any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to written instructions from the Required Majority Lenders (or, where expressly required by the terms of this Agreement, such a greater or other proportion of the Lenders).. (b)

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Verona Pharma PLC)

No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to instructions from the Required Majority Lenders (or, where expressly required by the terms of this Agreement, such a greater or other proportion of the Lenders).

Appears in 1 contract

Samples: Term Loan Agreement (Axogen, Inc.)

No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to instructions from the Required Majority Lenders (or, where expressly required by the terms of this Agreement, such a greater or other proportion of the Lenders). CONFIDENTIAL TREATMENT REQUESTED UNDER C.F.R. SECTIONS 200.80(b)(4), 200.83 AND 230.406. [****] INDICATES OMITTED MATERIAL THAT IS THE SUBJECT OF A CONFIDENTIAL TREATMENT REQUEST FILED SEPARATELY WITH THE COMMISSION. THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE COMMISSION.

Appears in 1 contract

Samples: Term Loan Agreement (Strongbridge Biopharma PLC)

No Action without Instructions. The Administrative Agent shall not be be(a) required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to instructions from the Required Lenders (or, where expressly required by the terms of this Agreement, the Required Revolving Lenders or such greater or other proportion of the Lenders).

Appears in 1 contract

Samples: Credit Agreement (Blend Labs, Inc.)

No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to instructions from the Required Lenders (or, where expressly required by the terms of this Agreement, such greater or other proportion of the Lenders).136158242.1 136158242.6 82

Appears in 1 contract

Samples: Term Loan Agreement (Axogen, Inc.)

No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to instructions from the Required Lenders (or, where expressly required by the terms of this Agreement, such greater or other proportion of the Lenders).

Appears in 1 contract

Samples: Term Loan Agreement (Bombay Co Inc)

No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under any Loan Credit Document or (ii) pursuant to instructions from the Required Lenders (or, where expressly required by the terms of this Agreement, such a greater or other proportion of the Lenders).

Appears in 1 contract

Samples: Credit Agreement (Clearwater Analytics Holdings, Inc.)

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No Action without Instructions. The TheSECTION 10.3 Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to instructions from the Required Lenders (or, where expressly required by the terms of this Agreement, such a greater or other proportion of the Lenders).

Appears in 1 contract

Samples: 2020 Credit Agreement (White Mountains Insurance Group LTD)

No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to instructions from the Required Lenders (or, where expressly required by the terms of this Agreement, such the Majority Revolving Lenders or a greater or other proportion of the Lenders).. 107

Appears in 1 contract

Samples: Credit Agreement (DoubleVerify Holdings, Inc.)

No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to instructions from the Required Lenders (or, where expressly required by the terms of this Agreement, such a greater or other proportion of the Lenders).. CREDIT AGREEMENT WESTWOOD ONE, INC. 111

Appears in 1 contract

Samples: Credit Agreement (Westwood One Inc /De/)

No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except (subject to clause (b) below) any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to instructions from the Required Majority Lenders (or, where expressly required by the terms of this Agreement, such a greater or other proportion of the Lenders).

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Aquestive Therapeutics, Inc.)

No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except (subject to clause (b) below) any action it is required to take or omit to take (i) under any Loan Notes Document or (ii) pursuant to instructions from the Required Lenders Majority Noteholders (or, where expressly required by the terms of this Agreement, such a greater or other proportion of the LendersNoteholders).

Appears in 1 contract

Samples: Notes Purchase Agreement and Guaranty (MeiraGTx Holdings PLC)

No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to instructions from the Required Lenders, Required Lenders β€” FILO Tranche or Required Lenders β€” Tranche A (or, where expressly required by the terms of this Agreement, such a greater or other proportion of the Lenders).

Appears in 1 contract

Samples: Master Lease Agreement (Genesis Healthcare, Inc.)

No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except (subject to clause (b) below) any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to written instructions from the Required Majority Lenders (or, where expressly required by the terms of this Agreement, such a greater or other proportion of the Lenders).. 116

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Harrow Health, Inc.)

No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to instructions from the Required Lenders (or, where expressly required by the terms of this Agreement, such greater or other proportion of the Lenders).any

Appears in 1 contract

Samples: Credit Agreement (Par Technology Corp)

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