Common use of Action on Instructions of Lenders Clause in Contracts

Action on Instructions of Lenders. Notwithstanding anything herein to the contrary, the Administrative Agent shall in all cases be fully protected in so acting, or refraining from acting, hereunder and under any other Loan Document in accordance with written instructions signed by the Required Lenders or all of the Lenders, as the case may be, and such instructions and any action taken or failure to act pursuant to such written instructions shall be binding on all of the Lenders and on all holders of Notes and on the Administrative Agent.

Appears in 14 contracts

Samples: Credit Agreement (Developers Diversified Realty Corp), Credit Agreement (Developers Diversified Realty Corp), Credit Agreement (Developers Diversified Realty Corp)

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Action on Instructions of Lenders. Notwithstanding anything herein to the contrary, the The Administrative Agent shall in all cases be fully protected in so acting, acting or refraining from acting, acting hereunder and or under any other Loan Document agreement executed and delivered pursuant to the terms hereof in accordance with written instructions to it signed by the Required Lenders or all of the Majority Lenders, as the case may be, and (subject to Section 9.01) such instructions and any action taken or failure to act pursuant to such written instructions thereto shall be binding on all of the Lenders and on all holders of Notes and on the Administrative AgentLenders.

Appears in 3 contracts

Samples: Term Loan Agreement (Western Gas Partners LP), Revolving Credit Agreement (Western Gas Partners LP), Assumption Agreement

Action on Instructions of Lenders. Notwithstanding anything herein to the contrary, the The Administrative Agent shall in all cases be fully protected in so acting, or in refraining from acting, hereunder and under any other Loan Document in accordance with written instructions signed by the Required Lenders or all of the Lenders, as the case may be, and such instructions and any action taken or failure to act pursuant to such written instructions thereto shall be binding on all of the Lenders. The Lenders and on all holders of Notes and on hereby acknowledge that the Administrative Agent.Agent shall be under no duty to take any discretionary action permitted to be taken by it pursuant to the provisions of this Agreement or any other Loan Document unless it shall be requested in writing to do so by the

Appears in 2 contracts

Samples: Credit Agreement (Inventure Foods, Inc.), Credit Agreement (Airnet Systems Inc)

Action on Instructions of Lenders. Notwithstanding anything herein to the contrary, the Administrative Agent shall in all cases be fully protected in so acting, or in refraining from acting, hereunder and under any other Loan Document in accordance with written instructions signed by the Required Lenders or all of the Lenders, as the case may be, and such instructions and any action taken or failure to act pursuant to such written instructions thereto shall be binding on all of the Lenders. The Lenders and on all holders hereby acknowledge that Administrative Agent shall be under no duty to take any discretionary action permitted to be taken by it pursuant to the provisions of Notes and on this Agreement or any other Loan Document unless it shall be requested in writing to do so by the Administrative AgentRequired Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Prentiss Properties Trust/Md)

Action on Instructions of Lenders. Notwithstanding anything herein to the contrary, the The Administrative Agent shall in all cases be fully protected in so acting, or in refraining from acting, hereunder and under any other Loan Credit Document in accordance with written instructions signed by the Required Lenders or all of the Lenders, Lenders (as the case may beapplicable under SECTION 8.2), and such instructions and any action taken or failure to act pursuant to such written instructions thereto shall be binding on all of the Co-Arrangers, LC Issuers, Swing Loan Lenders, Lenders and on all any other holders of the Notes and on the or Obligations. The Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (TJX Companies Inc /De/)

Action on Instructions of Lenders. Notwithstanding anything herein to the contrary, the The Administrative Agent shall in all cases be fully protected in so acting, acting or refraining from acting, acting hereunder and or under any other Loan Document agreement executed and delivered pursuant to the terms hereof in accordance with written instructions to it signed by the Required Lenders or all of the Majority Lenders, as the case may be, and (subject to Section 8.01) such instructions and any action taken or failure to act pursuant to such written instructions thereto shall be binding on all of the Lenders and on all holders of Notes and on the Administrative AgentLenders.

Appears in 1 contract

Samples: Revolving Credit Agreement (Western Gas Partners LP)

Action on Instructions of Lenders. Notwithstanding anything herein to the contrary, the The Administrative Agent shall in all cases be fully protected in so acting, or in refraining from acting, hereunder and under any other Loan Document in accordance with written instructions signed by the Required Lenders or all of the Lenders, as the case may be, and such instructions and any action taken or failure to act pursuant to such written instructions thereto shall be binding on all of the Lenders and on all holders of Notes and on the Administrative Agent.the

Appears in 1 contract

Samples: Credit Agreement (Duquesne Light Holdings Inc)

Action on Instructions of Lenders. Notwithstanding anything herein to the contrary, the The Administrative Agent shall in all cases be fully protected in so acting, acting or refraining from acting, hereunder under this Agreement and under any the other Loan Document Documents in accordance with written instructions signed by the Required Lenders or all a request of the Majority Lenders (or, if so specified by this Agreement, all Lenders, as the case may be), and such instructions request and any action taken or failure to act pursuant to such written instructions thereto shall be binding on all of the Lenders and on all future holders of Notes and on the Administrative AgentLoan.

Appears in 1 contract

Samples: Credit Agreement (Anadarko Petroleum Corp)

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Action on Instructions of Lenders. Notwithstanding anything herein to the contrary, the The Administrative Agent shall in all cases be fully protected in so acting, or in refraining from acting, hereunder and under any other Loan Document in accordance with written instructions signed by the Required Majority Lenders, Supermajority Lenders or all of the Lenders, as the case may be, and such instructions and any action taken or failure to act pursuant to such written instructions thereto shall be binding on all of the Lenders and on all holders of Notes and on the Administrative Agent.holders

Appears in 1 contract

Samples: Assignment Agreement (First Industrial Realty Trust Inc)

Action on Instructions of Lenders. Notwithstanding anything herein to the contrary, the The Administrative Agent shall in all cases be fully protected in so acting, acting or refraining from acting, acting hereunder and or under any other Loan Document agreement executed and delivered pursuant to the terms hereof in accordance with written instructions to it 60 signed by the Required Lenders or all of the Majority Lenders, as the case may be, and (subject to Section 9.01) such instructions and any action taken or failure to act pursuant to such written instructions thereto shall be binding on all of the Lenders and on all holders of Notes and on the Administrative AgentLenders.

Appears in 1 contract

Samples: Revolving Credit Agreement (Western Gas Partners LP)

Action on Instructions of Lenders. Notwithstanding anything herein to the contrary, the The Administrative Agent Agents shall in all cases be fully protected in so acting, acting or refraining from acting, acting hereunder and or under any other Loan Document agreement executed and delivered pursuant to the terms hereof in accordance with written instructions to it signed by the Required Lenders or all of the Majority Lenders, as the case may be, and (subject to Section 8.01) such instructions and any action taken or failure to act pursuant to such written instructions thereto shall be binding on all of the Lenders and on all holders of Notes and on the Administrative AgentLenders.

Appears in 1 contract

Samples: Revolving Credit Agreement (Western Gas Partners LP)

Action on Instructions of Lenders. Notwithstanding anything herein to the contrary, the Administrative Agent shall in all cases be fully protected in so acting, or in refraining from acting, hereunder and under any other Loan Document in accordance with written instructions signed by all Lenders (or the Required Lenders or Lenders, if such action may be directed hereunder by less than all of the Lenders, as the case may be), and such instructions and any action taken or failure to act pursuant to such written instructions thereto shall be binding on all of the Lenders and on all holders of Notes and on the Administrative AgentLenders.

Appears in 1 contract

Samples: Loan Agreement (Orchard Supply Hardware Stores Corp)

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