Agent to Act Sample Clauses
The 'Agent to Act' clause defines the authority and responsibility of an agent to act on behalf of another party, typically the principal, within the scope of a contract or agreement. This clause outlines the specific actions the agent is permitted to undertake, such as negotiating, signing documents, or making decisions, and may set boundaries or require adherence to the principal's instructions. Its core function is to formally delegate authority, ensuring that the agent's actions are legally recognized and that both parties understand the extent and limits of the agent's power, thereby reducing the risk of unauthorized actions or misunderstandings.
Agent to Act. In case any one or more Events of Default shall occur and not have been waived, the 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.
Agent to Act. In case any one or more Events of Default shall occur and be continuing, the Agent and the Canadian 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.
Agent to Act. In case any one or more Events of Default shall ------------ occur and be continuing, the 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 Credit Obligations or any other legal or equitable right or remedy; provided, however, that the Agent may, without obtaining the direction or consent of the Required Lenders, take any such action described above in this section if, in the good faith judgment of the Agent, action is required to be taken in order to protect the interests of the Lenders prior to the time consent or approval of the Required Lenders can be obtained.
Agent to Act. 78 10.3. Cumulative Rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78 10.4. No Waiver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78 10.5. Allocation of Proceeds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78 ARTICLE XI The Agent
Agent to Act. In case any one or more Events of Default shall occur and not have been waived, subject to the provisions of Article XI, the Administrative Agent with the consent of the Required Lenders, may, and at the direction of the Required Lenders shall, proceed to protect and enforce the rights or remedies of the Lenders and the Administrative Agent hereunder 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.
Agent to Act. 103 XI.3. Cumulative Rights......................................................................................103 XI.4. No Waiver..............................................................................................103 XI.5. Allocation of Proceeds.................................................................................103 ARTICLE XII The Agent...........................................................................................105 XII.1. Appointment, Powers, and Immunities...................................................................105 XII.2. Reliance by Agent.....................................................................................105 XII.3. Defaults..............................................................................................106 XII.4. Rights as Lender......................................................................................106 XII.5. Indemnification.......................................................................................106 XII.6. Non-Reliance on Agent and Other Lenders...............................................................
Agent to Act. 96 SECTION 12.3
Agent to Act. In case any one or more Events of Default shall occur and not have been waived, subject to the provisions of ARTICLE XI, the Agent may, and at the direction of the Required Lenders shall, proceed to protect and enforce their rights and remedies contained herein or in any other Loan Document, or as may be otherwise available at law or in equity.
Agent to Act. 118 10.03 Cumulative Rights .................................................. 118 10.04 No Waiver .......................................................... 118 10.05 Default ............................................................ 118 10.06 Allocation of Proceeds ............................................. 118 ARTICLE XI The Agents