Common use of No Individual Action Clause in Contracts

No Individual Action. No Secured Creditor may require the Collateral Agent to take any action hereunder or under the Collateral Documents or with respect to any of the Collateral except as and to the extent expressly set forth in this Agreement.

Appears in 5 contracts

Samples: Intercreditor and Collateral Agency Agreement (Northwest Pipe Co), Intercreditor and Collateral Agency Agreement (Northwest Pipe Co), Intercreditor and Collateral Agency Agreement (Northwest Pipe Co)

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No Individual Action. No Secured Creditor may require the Collateral Agent to take or refrain from taking any action hereunder or under the Collateral any of Intercreditor Security Documents or with respect to any of the Collateral except as and to the extent expressly set forth in this Agreement.

Appears in 1 contract

Samples: Intercreditor and Collateral Agency Agreement (Key Energy Group Inc)

No Individual Action. No Secured Creditor may require the Collateral Agent to take or refrain from taking any action hereunder or under any of the Collateral Security Documents or with respect to any of the Collateral except as and to the extent expressly set forth in this Agreement.

Appears in 1 contract

Samples: Master Restructuring Agreement (Recoton Corp)

No Individual Action. No Secured Participating Creditor may require the Collateral Agent to take or refrain from taking any action hereunder or under any of the Collateral Support Documents or with respect to any of the Collateral except as and to the extent expressly set forth in this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ta Operating Corp)

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No Individual Action. No Secured Participating Creditor may require the Collateral Agent to take or refrain from taking any action hereunder or under any of the Collateral Security Documents or with respect to any of the Collateral except as and to the extent expressly set forth in this Agreement.

Appears in 1 contract

Samples: Note Purchase Agreement (Covenant Transport Inc)

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