Action by Agents Consents Amendments Waivers Sample Clauses
The 'Action by Agents - Consents - Amendments - Waivers' clause defines the procedures and authority for agents to act on behalf of parties in a contract, particularly regarding approvals, changes, or exceptions to the agreement. It typically outlines how agents can grant consents, make amendments to the contract terms, or waive certain requirements, often specifying the necessary approvals or documentation needed for such actions. This clause ensures that any modifications or exceptions to the contract are handled in an orderly and authorized manner, preventing unauthorized changes and maintaining the integrity of the agreement.
Action by Agents Consents Amendments Waivers. 16-1. ADMINISTRATION OF CREDIT FACILITIES (a) Except as otherwise specifically provided in this Agreement, each Agent may take any action with respect to the credit facility contemplated by the Loan Documents as that Agent determines to be appropriate within their respective areas of responsibility and authority, as set forth in Sections 15:15-2(b) and 15:15-2(a), provided, however, neither Agent is under any affirmative obligation to take any action which it is not required by this Agreement or the Loan Documents specifically to so take.
Action by Agents Consents Amendments Waivers