Common use of No Action without Instructions Clause in Contracts

No Action without Instructions. The Collateral Agent shall not be required to exercise any discretion or take, or 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 the express terms hereof or (ii) pursuant to written instructions from the Holder, as the case may be.

Appears in 5 contracts

Samples: Pledge and Security Agreement (Capital Trust Inc), Limited Liability Company Agreement (Capital Trust Inc), Pledge and Security Agreement (Capital Trust Inc)

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No Action without Instructions. The Collateral Agent shall not be required to exercise any discretion or take, or 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 the express terms hereof CHG Lease Facility Documents or (ii) pursuant to written instructions from the Holder, as the case may beLessor.

Appears in 2 contracts

Samples: Master Equipment Lease (Cinedigm Digital Cinema Corp.), Master Equipment Lease (Cinedigm Digital Cinema Corp.)

No Action without Instructions. The Collateral Agent shall not be required to exercise any discretion or take, or 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 the express terms hereof any Loan Document or (ii) pursuant to written instructions from the Holder, as Lender or counsel to the case may beLender.

Appears in 2 contracts

Samples: Credit Agreement (Roivant Sciences Ltd.), Credit Agreement (Roivant Sciences Ltd.)

No Action without Instructions. The Collateral 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 expressly required to take or omit to take (i) under the express terms hereof any Transaction Document or (ii) pursuant to written instructions from the Holder, as Required Noteholders provided in accordance with the case may beTransaction Documents.

Appears in 1 contract

Samples: Joinder Agreement (Novation Companies, Inc.)

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No Action without Instructions. The Collateral Agent shall not be required to exercise any discretion or take, or 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 the express terms hereof any Note Document or (ii) pursuant to written instructions from the HolderRequired Holders (or, as where expressly required by the case may beterms of this Agreement, a greater proportion of the Holders).

Appears in 1 contract

Samples: Securities Purchase Agreement (Film Department Holdings, Inc.)

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