Common use of Rights of Required Lenders Clause in Contracts

Rights of Required Lenders. All rights of the Administrative Agent hereunder, if not exercised by the Administrative Agent, may be exercised by the Required Lenders.

Appears in 143 contracts

Samples: Security and Pledge Agreement (Radius Recycling, Inc.), Canadian Security and Pledge Agreement (Radius Recycling, Inc.), Credit Agreement (Ryman Hospitality Properties, Inc.)

AutoNDA by SimpleDocs

Rights of Required Lenders. All rights of the Administrative Agent hereunderunder this Agreement, if not exercised by the Administrative Agent, may be exercised by the Required Lenders.

Appears in 5 contracts

Samples: Security Agreement (Greenbrier Companies Inc), Security Agreement (Greenbrier Companies Inc), Credit Agreement (Flow International Corp)

Rights of Required Lenders. All rights of the Administrative Agent hereunder, if not exercised by the Administrative Agent, may be exercised by the Required Lenders. If such rights are so exercised by the Required Lenders, then the Required Lenders shall have all of the rights, privileges and indemnities afforded the Administrative Agent in the exercise of such rights.

Appears in 4 contracts

Samples: Domestic Pledge Agreement (GFI Group Inc.), Domestic Security Agreement (GFI Group Inc.), Security Agreement (GFI Group Inc.)

Rights of Required Lenders. All rights of the Administrative Agent hereunder, if not exercised by the Administrative Agent, may be exercised by the Required LendersLenders (on behalf of the Secured Parties).

Appears in 4 contracts

Samples: Pledge Agreement (Government Properties Income Trust), Pledge Agreement (Trustreet Properties Inc), Credit Agreement (Government Properties Income Trust)

Rights of Required Lenders. All rights of the Administrative Agent hereunder, if not exercised by the Administrative Agent, may be exercised by the Required Lenders, but for the avoidance of doubt, and notwithstanding any other provision hereof to the contrary, no Lender or other holder of Secured Obligations (other than the Administrative Agent) may exercise any rights hereunder unless directed to do so by the Required Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Prometheus Laboratories Inc), Credit Agreement (Prometheus Laboratories Inc)

Rights of Required Lenders. All rights of the Administrative Agent hereunder, if not exercised by the Administrative Agent, may be exercised by the Required Lenders if: (a) the Administrative Agent has refused to exercise any rights hereunder at the direction of the Required Lenders; or (b) the Administrative Agent has resigned pursuant to Section 10.06 of the Credit Agreement and no successor Administrative Agent has been appointed by the Required Lenders.

Appears in 1 contract

Samples: Security and Pledge Agreement (Silicon Laboratories Inc)

Rights of Required Lenders. All rights of the Administrative Agent ----------------------------- hereunder, if not exercised by the Administrative Agent, may be exercised by the Required LendersLenders under the Revolving Credit Agreement and the Term Loan Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Policy Management Systems Corp)

Rights of Required Lenders. All rights of the Administrative Agent hereunder, if not exercised by the Administrative Agent, may be exercised by the Required Lenders, and in such event the Required Lenders shall be afforded the rights of, and subject to the obligations imposed on, the Administrative Agent hereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Delek US Holdings, Inc.)

Rights of Required Lenders. All rights of the Administrative Agent hereunder, if not exercised by the Administrative Agent, may be exercised by the Required Lenders.. The

Appears in 1 contract

Samples: Agency Succession and Amendment Agreement (GateHouse Media, Inc.)

Rights of Required Lenders. All rights of the Administrative Agent hereunder, if not exercised by the Administrative Agent, may be exercised by the Required Lenders, and if, at any time there shall not be an Administrative Agent, all rights of the Administrative Agent hereunder shall be exercised by the Required Lenders.

Appears in 1 contract

Samples: Security and Pledge Agreement (PRGX Global, Inc.)

AutoNDA by SimpleDocs

Rights of Required Lenders. All rights of the Administrative Agent hereunder, if not exercised by the Administrative Agent, may be exercised by the Required Lenders.

Appears in 1 contract

Samples: Pledge Agreement (Intercloud Systems, Inc.)

Rights of Required Lenders. All rights of the Administrative Agent hereunder, if not exercised by the Administrative Agent, unless waived in writing may be exercised by the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Kapstone Paper & Packaging Corp)

Rights of Required Lenders. All rights of the Administrative Agent hereunder, if not exercised by the Administrative Agent, may be exercised by the Required Lenders if: (a) the Administrative Agent has refused to exercise any rights hereunder at the direction of the Required Lenders; or (b) the Administrative Agent has resigned pursuant to Section 10.06 of the Credit Agreement and no successor Administrative Agent has been appointed.

Appears in 1 contract

Samples: Security and Pledge Agreement (Syntel Inc)

Rights of Required Lenders. All rights of the Administrative Agent -------------------------- hereunder, if not exercised by the Administrative Agent, may be exercised by the Required LendersLenders under the Revolving Credit Agreement and the Term Loan Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Mynd Corp)

Rights of Required Lenders. All rights of the Administrative Agent hereunder, if not exercised by the Administrative Agent, may be exercised by the Required LendersLenders upon written notice to the Grantors that the Required Lenders have so chosen to exercise such rights.

Appears in 1 contract

Samples: Security and Pledge Agreement (Abovenet Inc)

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