Common use of REFUSAL TO JOIN IN ACTION Clause in Contracts

REFUSAL TO JOIN IN ACTION. A Participant who does not accept an invitation, to join an action against any Relevant Company or does not share in the costs of the action (in each case having been given a reasonable opportunity to do so) is not entitled to share in any amount so recovered. ________________________________________________________________________________

Appears in 1 contract

Samples: Loan Agreement (MGM Grand Inc)

AutoNDA by SimpleDocs

REFUSAL TO JOIN IN ACTION. A Participant Lender who does not accept an invitation, invitation to join an action against any Relevant Company or does not share in the costs of the action (in each case having been given a reasonable opportunity to do so) is not entitled to share in any amount so recovered. ________________________________________________________________________________.

Appears in 1 contract

Samples: Syndicated Credit Agreement (Thermadyne Holdings Corp /De)

REFUSAL TO JOIN IN ACTION. A Participant who does not accept an invitation, invitation to join an action against any Relevant Company the Borrower or does not share in the costs of the action (in each case having been given a reasonable opportunity to do so) is not entitled to share in any amount so recovered. ________________________________________________________________________________.

Appears in 1 contract

Samples: Syndicated Multi Option Facility Agreement (Consol Energy Inc)

AutoNDA by SimpleDocs

REFUSAL TO JOIN IN ACTION. A Participant who does not accept an invitation, invitation to join an action against any Relevant Company a Group member or does not share in the costs of the action (in each case having been given a reasonable opportunity to do so) is not entitled to share in any amount so recovered. ________________________________________________________________________________.

Appears in 1 contract

Samples: Bridging Facility Agreement (Bordeaux Acquisition Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!