Common use of Proceedings by individual Lender requiring Majority Lender consent Clause in Contracts

Proceedings by individual Lender requiring Majority Lender consent. Except as provided in Clause 3.2, no Lender may commence proceedings against the Borrower or any Security Party in connection with a Finance Document without the prior consent of the Majority Lenders.

Appears in 6 contracts

Samples: Loan Agreement (GasLog Ltd.), Loan Agreement (GasLog Ltd.), Loan Agreement (Crude Carriers Corp.)

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Proceedings by individual Lender requiring Majority Lender consent. Except as provided in Clause 3.2, no No Lender may commence proceedings against the Borrower or any Security Party in connection with a Finance Document without the prior consent of the Majority Lenders.

Appears in 2 contracts

Samples: Loan Agreement (Euronav NV), Agreement (Euronav NV)

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