Common use of Agent’s actions Clause in Contracts

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.

Appears in 2 contracts

Samples: Loan Agreement (Carrier1 International S A), Versatel Telecom International N V

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Agent’s actions. Any action taken by the Agent under or in relation to this Agreement or any of the other Security Documents and/or 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.

Appears in 1 contract

Samples: Loan Agreement (Excel Maritime Carriers LTD)

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