Common use of Agent Authority Clause in Contracts

Agent Authority. The Agent may, but shall have no obligation to, with the written concurrence of any Holder, execute amendments, modifications, waivers or consents on EXECUTION COPY behalf of that Holder. Notwithstanding anything to the contrary contained in this SECTION 10.03, no amendment, modification, waiver or consent shall affect the rights or duties of the Agent under this Agreement or the other Note Documents, unless made in writing and signed by the Agent in addition to the Holders required above to take such action.

Appears in 1 contract

Sources: Senior Subordinated Note Purchase Agreement (National Record Mart Inc /De/)

Agent Authority. The Agent may, but shall have no obligation to, with the written concurrence of any Holder, execute amendments, modifications, waivers or consents on EXECUTION COPY behalf of that Holder. Notwithstanding anything to the contrary contained in this SECTION 10.03, no amendment, modification, waiver or consent shall affect the rights or duties of the Agent under this Agreement or the other Note Documents, unless made in writing and signed by the Agent in addition to the Holders required above to take such action.

Appears in 1 contract

Sources: Senior Subordinated Secured Note Purchase Agreement (National Record Mart Inc /De/)

Agent Authority. The Agent may, but shall have no obligation to, --------------- with the written concurrence of any Holder, execute amendments, modifications, waivers or consents on EXECUTION COPY behalf of that Holder. Notwithstanding anything to the contrary contained in this SECTION 10.03Section 11.03, no amendment, modification, waiver or ------------- consent shall affect the rights or duties of the Agent under this Agreement or the other Note Transaction Documents, unless made in writing and signed by the Agent in addition to the Holders required above to take such action.

Appears in 1 contract

Sources: Note Purchase Agreement (Western Micro Technology Inc /De)