Agent’s actions Sample Clauses
The "Agent’s actions" clause defines the scope and limitations of what an agent is authorized to do on behalf of a principal within an agreement. It typically outlines the specific powers granted to the agent, such as entering into contracts, making decisions, or handling transactions, and may also set boundaries to prevent unauthorized activities. By clearly delineating the agent’s authority, this clause helps prevent misunderstandings and disputes, ensuring both parties understand the extent of the agent’s role and responsibilities.
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Agent’s actions. Any action taken by the Agent under or in relation to any of the Security Documents whether with requisite authority or on the basis of appropriate instructions received from the Majority Lenders (or as otherwise duly authorised) shall be binding on all the Banks.
Agent’s actions. Any action taken by the Agent under or in relation to this Agreement or any of the other Security Documents whether with requisite authority or on the basis of appropriate instructions, received from the Lenders and/or the Swap Provider (or as otherwise duly authorised) shall be binding on all the Lenders and the Swap Provider.
Agent’s actions. Any action taken by the Agent under or in relation to this Agreement with requisite authority, or on the basis of appropriate instructions, received from the Majority Banks (or as otherwise duly authorised) shall be binding on all the Banks and the Working Capital Bank.
Agent’s actions. Any action taken by the Agent under or in relation to this Agreement with requisite authority, or on the basis of appropriate instructions, received from the Majority Lenders (or as otherwise duly authorised) shall be binding on all the Lenders.
Agent’s actions. The Lenders that are party hereto certify to the Agent that their Pro Rata Share constitutes more sixty-six and two-thirds percent (66-2/3%) in the aggregate, and such Lenders have instructed Agent to execute this Amendment, the Intercreditor Agreement, the Junior Liens Intercreditor Agreement and all related documents (the “Amendment Documents”). Agent is hereby executing the Amendment Documents solely upon the instructions of the Lenders party hereto, and the Agent is exercising its rights to rely on such instructions pursuant to Section 12.4 of the Credit Agreement. AGENT IS HEREBY RELEASED OF ANY POSSIBLE CLAIMS, DEMANDS, ACTIONS, CAUSES OF ACTION, DAMAGES, COSTS, EXPENSES, AND LIABILITIES WHATSOEVER, KNOWN OR UNKNOWN, OF ANY LENDER RESULTING FROM THE AMENDMENT DOCUMENTS OR ANY RELATED LOAN DOCUMENTS OR ANY OF THE ACTIONS CONTEMPLATED HEREIN OR THEREIN. Furthermore, pursuant to Section 12.4 of the Credit Agreement, the Lenders ratify the indemnification provisions set forth in Section 12.7 of the Credit Agreement. The Lenders confirm that the definition of “Indemnified Liabilities” includes any all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, charges, expenses and disbursements (including Attorney Costs) of any kind or nature whatsoever which may at any time (including at any time following repayment of the Loans and the termination, resignation or replacement of the Agent or replacement of any Lender) be imposed on, incurred by or asserted against any Indemnified Person, including, any Agent-Related Persons, in any way relating to or arising out of any of the Amendment Documents or the transactions contemplated hereby or referred to herein. All of the rights, exculpatory provisions and disclaimers of the Agent under Article XII are hereby ratified by the Lenders in connection with the execution of the Amendment Documents.