Common use of Administrative Agent to Act Clause in Contracts

Administrative Agent to Act. In case any one or more Events of Default shall occur and be continuing, the Administrative Agent may, and at the direction of the Required Lenders shall, proceed to protect and enforce their rights or remedies either by suit in equity or by action at law, or both, whether for the specific performance of any covenant, agreement or other provision contained herein or in any other Loan Document, or to enforce the payment of the Obligations or any other legal or equitable right or remedy.

Appears in 10 contracts

Samples: Credit Agreement (Autonation, Inc.), Credit Agreement (Autonation, Inc.), Letter Agreement (Autonation, Inc.)

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Administrative Agent to Act. In case any one or more Events of Default shall occur and be continuingnot have been waived, the Administrative Agent may, and at the direction of the Required Lenders shall, proceed to protect and enforce their rights or remedies either by suit in equity or by action at law, or both, whether for the specific performance of any covenant, agreement or other provision contained herein or in any other Loan Document, or to enforce the payment of the Obligations or any other legal or equitable right or remedy.

Appears in 8 contracts

Samples: Five Year Revolving Credit Agreement (V F Corp), Credit Agreement (V F Corp), Credit Facilities and Reimbursement Agreement (Republic Industries Inc)

Administrative Agent to Act. In case any one or more Events of Default shall occur and be continuingnot have been waived, the Administrative Agent may, and at the direction of the Required Lenders shall, proceed to protect and enforce their rights or remedies either by suit in equity or by action at law, or both, whether for the specific performance of any covenant, agreement or other provision contained herein or in any other Loan Document, or to enforce the payment of the Obligations obligations of the Company under the Loan Documents or any other legal or equitable right or remedy.

Appears in 2 contracts

Samples: Term Loan Agreement (V F Corp), Term Loan Agreement (V F Corp)

Administrative Agent to Act. In case any one or more Events of Default shall occur and be continuingnot have been waived or cured, subject to the provisions of Article XI, the Administrative Agent may, and at the direction of the Required Lenders shall, proceed to protect and enforce their rights or and remedies either by suit in equity or by action at law, or both, whether for the specific performance of any covenant, agreement or other provision contained herein or in any other Loan Document, or to enforce the payment of the Obligations as may be otherwise available at law or any other legal or equitable right or remedyin equity.

Appears in 1 contract

Samples: Credit Agreement (Rexall Sundown Inc)

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Administrative Agent to Act. In case any one or more Events of --------------------------- Default shall occur and be continuingnot have been waived, the Administrative Agent may, with the consent of the Required Lenders, and at the direction of the Required Lenders shall, proceed to protect and enforce their rights or remedies either by suit in equity or by action at law, or both, whether for the specific performance of any covenant, agreement or other provision contained herein or in any other Loan Document, or to enforce the payment of the Obligations or any other legal or equitable right or remedy.

Appears in 1 contract

Samples: Guaranty Agreement (Ameristeel Corp)

Administrative Agent to Act. In case any one or more Events of Default shall occur and be continuingcontinuing and not have been waived, the Administrative Agent may, and at the direction of the Required Lenders shall, proceed to protect and enforce their rights or remedies either by suit in equity or by action at law, or both, whether for the specific performance of any covenant, agreement or other provision contained herein or in any other Loan Document, or to enforce the payment of the Obligations or any other legal or equitable right or remedy.

Appears in 1 contract

Samples: Credit Agreement (Healthsouth Corp)

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