Common use of Relations Among Lenders Clause in Contracts

Relations Among Lenders. (a) Except with respect to the exercise of set-off rights of any Lender in accordance with SECTION 12.1, the proceeds of which are applied in accordance with this Agreement, and except as set forth in the second sentence of CLAUSE (B) below, each Lender agrees that it will not take any action, nor institute any actions or proceedings, against the Borrower or any other obligor hereunder or with respect to any Collateral or any Loan Document, without the prior written consent of the Required Lenders or, as may be provided in this Agreement or the other Loan Documents, at the direction of the Agent.

Appears in 5 contracts

Samples: Credit Agreement (Landcare Usa Inc), Credit Agreement (Transportation Components Inc), Credit Agreement (Landcare Usa Inc)

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Relations Among Lenders. (a) Except with respect to the exercise of set-off rights of any Lender in accordance with SECTION 12.111.1, the proceeds of which are applied in accordance with this Agreement, and except as set forth in the second sentence of CLAUSE (B) belowfollowing paragraph, each Lender agrees that it will not take any action, nor institute any actions or proceedings, against the Borrower or any other obligor hereunder or with respect to any Collateral or any Loan Document, without the prior written consent of the Required Lenders or, as may be provided in this Agreement or the other Loan Documents, at the direction of the Agent.

Appears in 2 contracts

Samples: Credit Agreement (American Medserve Corp), Credit Agreement (American Medserve Corp)

Relations Among Lenders. (a) Except with respect to the exercise of set-off rights of any Lender in accordance with SECTION 12.1, the proceeds of which are applied in accordance with this Agreement, and except as set forth in the second sentence of CLAUSE (B) belowfollowing sentence, each Lender agrees that it will not take any action, nor institute any actions or proceedings, against the Borrower or any other obligor hereunder or with respect to any Collateral or any Loan Document, without the prior written consent of the Required Lenders or, as may be provided in this Agreement or the other Loan Documents, at the direction of the Agent.

Appears in 2 contracts

Samples: Credit Agreement (CTS Corp), Credit Agreement (Metals Usa Inc)

Relations Among Lenders. (aA) Except with respect to the exercise of set-off rights of any Lender in accordance with SECTION 12.1, the proceeds of which are applied in accordance with this Agreement, and except as set forth in the second sentence of CLAUSE (B) belowfollowing sentence, each Lender agrees that it will not take any action, nor institute any actions or proceedings, against the Borrower or any other obligor hereunder or with respect to any Collateral or any Loan Document, without the prior written consent of the Required Lenders or, as may be provided in this Agreement or the other Loan Documents, at the direction of the Agent.

Appears in 2 contracts

Samples: Credit Agreement (Ifr Systems Inc), Credit Agreement (Huttig Building Products Inc)

Relations Among Lenders. (a) Except with respect to the exercise of set-off rights of any Lender in accordance with SECTION 12.111.1, the proceeds of which are applied in accordance with this Agreement, and except as set forth in the second sentence of CLAUSE (B) belowfollowing sentence, each Lender agrees that it will not take any action, nor or institute any actions or proceedings, against the Borrower or any other obligor hereunder or with respect to any Collateral or any Loan Document, without the prior written consent of the Required Lenders or, as may be provided in this Agreement or the other Loan Documents, at the direction of the Agent.

Appears in 1 contract

Samples: Credit Agreement (Archibald Candy Corp)

Relations Among Lenders. (aA) Except with respect to the exercise of set-off rights of any Lender in accordance with SECTION Section 12.1, the proceeds of which are applied in accordance with this Agreement, and except as set forth in the second sentence of CLAUSE (B) belowfollowing sentence, each Lender agrees that it will not take any action, nor institute any actions or proceedings, against the Borrower or any other obligor hereunder or with respect to any Collateral or any Loan Document, including, without limitation, under the Collateral Sharing Agreement or the Intercreditor Agreement, without the prior written consent of the Required Lenders or, as may be provided in this Agreement or the other Loan Documents, at the direction of the Agent.

Appears in 1 contract

Samples: Credit Agreement (Binks Sames Corp)

Relations Among Lenders. (a) Except with respect to the exercise of set-off rights of any Lender in accordance with SECTION 12.1, the proceeds of which are applied in accordance with this Agreement, and except as set forth in the second sentence of CLAUSE (Bb) below, each Lender agrees that it will not take any action, nor institute any actions or proceedings, against the Borrower or any other obligor hereunder or with respect to any Collateral or any Loan Document, without the prior written consent of the Required Lenders or, as may be provided in this Agreement or the other Loan Documents, at the direction of the Agent.

Appears in 1 contract

Samples: Credit Agreement (Precept Business Services Inc)

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Relations Among Lenders. (aA) Except with respect to the exercise of set-off rights of any Lender in accordance with SECTION 12.1, the proceeds of which are applied in accordance with this Agreement, and except as set forth in the second sentence of CLAUSE (B) belowfollowing sentence, each Lender agrees that it will not take any action, nor institute any actions or proceedings, against the Borrower or any other obligor hereunder or with respect to any Collateral Loan Document or any Loan Documentthe Collateral, without the prior written consent of the Required Lenders or, as may be provided in this Agreement or the other Loan Documents, at the direction of the applicable Agent.

Appears in 1 contract

Samples: Credit Agreement (Spartan Stores Inc)

Relations Among Lenders. (aA) Except with respect to the exercise of set-off rights of any Lender in accordance with SECTION 12.1, the proceeds of which are applied in accordance with this Agreement, and except as set forth in the second sentence of CLAUSE (B) belowfollowing sentence, each Lender agrees that it will not take any action, nor institute any actions or proceedings, against the any Borrower or any other obligor hereunder or with respect to any Collateral or any Loan Document, without the prior written consent of the Required Lenders or, as may be provided in this Agreement or the other Loan Documents, at the direction of the Agent.

Appears in 1 contract

Samples: Credit Agreement (American Architectural Products Corp)

Relations Among Lenders. (aA) Except with respect to the exercise of set-off rights of any Lender in accordance with SECTION Section 12.1, the proceeds of which are applied in accordance with this Agreement, and except as set forth in the second sentence of CLAUSE (B) belowfollowing sentence, each Lender agrees that it will not take any action, nor institute any actions or proceedings, against the Borrower or any other obligor hereunder or with respect to any Collateral or any Loan Document, without the prior written consent of the Required Lenders and subject to the terms of the Intercreditor Agreement or, as may be provided in this Agreement or the other Loan Documents, at the direction of the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Catalina Marketing Corp/De)

Relations Among Lenders. (a) Except with respect to the exercise of set-off rights of any Lender in accordance with SECTION 12.1, the proceeds of which are applied in accordance with this Agreement, and except as set forth in the second sentence of CLAUSE clause (Bb) below, each Lender agrees that it will not take any action, nor institute any actions or proceedings, against the Borrower or any other obligor hereunder or with respect to any Collateral or any Loan Document, without the prior written consent of the Required Lenders or, as may be provided in this Agreement or the other Loan Documents, at the direction of the Agent.

Appears in 1 contract

Samples: Credit Agreement (Transportation Components Inc)

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