Examples of Majority Lender in a sentence
No provision of this Note may be amended, waived or otherwise modified unless such amendment, waiver or other modification is in writing and is signed or otherwise approved by the Company and Majority Lender.
Each Borrower, each Guarantor, Administrative Agent and each Majority Lender further agrees that the Liens created by the Loan Documents shall continue and carry forward until the Obligations are paid and performed in full.
In the event that Lender objects to, or fails to affirmatively approve, any action approved by a Lender Majority, Lender hereby authorizes Servicer to take any and all actions required to implement the action so approved and hereby agrees to execute all documents and take all actions reasonably requested by the Servicer in furtherance of such action notwithstanding Lender’s objection to same.
As to any matters not expressly provided for herein or in any other Operative Document, the Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, hereunder or thereunder in accordance with instructions given by the Majority Lender or all of the Lenders, as the case may be, as is required in such circumstance, and such instructions of such Lender and any action taken or failure to act pursuant thereto shall be binding on all of the Lenders.
Any event or circumstance occurs which the Majority Lender reasonably determines has a Material Adverse Effect.