Common use of Certain Rights of Agent Clause in Contracts

Certain Rights of Agent. Agent shall have the right to request instructions from Requisite Lenders or all Lenders, as applicable, pursuant to this Agreement, by notice to each Lender. If Agent shall request instructions from Requisite Lenders or all Lenders, as applicable, with respect to any act or action (including the failure to act) in connection with this Agreement, Agent shall be entitled to refrain from such act or taking such action unless and until Agent shall have received instructions from Requisite Lenders or all Lenders, as applicable, and Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against Agent as a result of Agent acting or refraining from acting hereunder in accordance with the instructions of Requisite Lenders or all Lenders, as applicable.

Appears in 16 contracts

Samples: Loan and Security Agreement (Addus HomeCare Corp), Loan and Security Agreement (Omni Energy Services Corp), Loan and Security Agreement (Perry-Judds Inc)

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Certain Rights of Agent. Without limiting Agent’s rights and discretion under any provision hereof, Agent shall have the right to request instructions from Requisite the Required Lenders or all Lendersor, as applicablerequired, pursuant to this Agreement, by notice to each Lenderof Lenders. If Agent shall request instructions from Requisite the Required Lenders or all each of Lenders, as applicablethe case may be, with respect to any act or action (including the failure to act) in connection with this Agreement, Agent shall be entitled to refrain from such act or taking such action unless and until Agent shall have received instructions from Requisite the Required Lenders or all each of Lenders, as applicablethe case may be, and Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against Agent as a result of Agent acting or refraining from acting hereunder in accordance with the instructions of Requisite the Required Lenders or all each of Lenders, as applicablethe case may be.

Appears in 6 contracts

Samples: Loan and Security Agreement (Aaron's Inc), Loan and Security Agreement (1st FRANKLIN FINANCIAL CORP), Loan and Security Agreement (C & F Financial Corp)

Certain Rights of Agent. Agent shall have the right to request instructions from Requisite Required Lenders or all Lenders, as applicable, pursuant to this Agreement, by notice to each Lender. If Agent shall request instructions from Requisite Required Lenders or all Lenders, as applicable, with respect to any act or action (including the failure to act) in connection with this Agreement, Agent shall be entitled to refrain from such act or taking such action unless and until Agent shall have received instructions from Requisite Required Lenders or all Lenders, as applicable, and Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against Agent as a result of Agent acting or refraining from acting hereunder in accordance with the instructions of Requisite Required Lenders or all Lenders, as applicable.

Appears in 3 contracts

Samples: Credit Agreement (Surmodics Inc), Credit Agreement (Multiband Corp), Loan and Security Agreement (NXT-Id, Inc.)

Certain Rights of Agent. Agent shall have the right to request instructions from Requisite Lenders or all Lenders, as applicable, pursuant to this Agreement, by notice to each Lender. If Agent shall request instructions from Requisite Lenders or all Lenders, as applicable, ; with respect to any act or action (including the failure to act) in connection with this Agreement, Agent shall be entitled to refrain from such act or taking such action unless and until Agent shall have received instructions from Requisite Lenders or all Lenders, as applicable, and Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against Agent as a result of Agent acting or refraining from acting hereunder in accordance with the instructions of Requisite Lenders or all Lenders, as applicable.

Appears in 2 contracts

Samples: Credit Agreement (Lawson Products Inc/New/De/), Credit Agreement (Lawson Products Inc/New/De/)

Certain Rights of Agent. Without limiting Agent’s rights and discretion under any provision hereof, Agent shall have the right to request instructions from Requisite the Required Lenders or all Lendersor, as applicablerequired, pursuant to this Agreement, by notice to each Lenderof the Lenders. If Agent shall request instructions from Requisite the Required Lenders or all Lendersof each Lender, as applicablethe case may be, with respect to any act or action (including the failure to act) in connection with this Agreement, Agent shall be entitled to refrain from such act or taking such action unless and until Agent shall have received instructions from Requisite the Required Lenders or all Lenderseach Lender, as applicablethe case may be, and Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against Agent as a result of Agent acting or refraining from acting hereunder in accordance with the instructions of Requisite the Required Lenders or all Lenderseach Lender, as applicablethe case may be.

Appears in 2 contracts

Samples: Loan and Security Agreement (nFinanSe Inc.), Loan and Security Agreement (nFinanSe Inc.)

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Certain Rights of Agent. Agent shall have the right to request instructions from Requisite the Required Lenders or all Lendersor, as applicablerequired, pursuant to this Agreement, by notice to each Lenderof the Lenders. If Agent shall request instructions from Requisite the Required Lenders or all each of the Lenders, as applicablethe case may be, with respect to any act or action (including the failure to act) in connection with this Agreement, Agent shall be entitled to refrain from such act or taking such action unless and until Agent shall have received instructions from Requisite the Required Lenders or all each of the Lenders, as applicablethe case may be, and Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against Agent as a result of Agent acting or refraining from acting hereunder in accordance with the instructions of Requisite the Required Lenders or all each of the Lenders, as applicablethe case may be.

Appears in 1 contract

Samples: Loan and Security Agreement (Anchor Funding Services, Inc.)

Certain Rights of Agent. Agent shall have the right to request instructions from Requisite Lenders or all Lenders, as applicable, applicable pursuant to this Agreement, by notice to each Lender. If Agent shall request instructions from Requisite Lenders or all Lenders, as applicable, with respect to any act or action (including the failure to act) in connection with this Agreement, Agent shall be entitled to refrain from such act or taking such action unless and until Agent shall have received instructions from Requisite Lenders or all Lenders, as applicable, and Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against Agent as a result of Agent acting or refraining from acting hereunder in accordance with the instructions of Requisite Lenders or all Lenders, as applicable.

Appears in 1 contract

Samples: Loan and Security Agreement (Poindexter J B & Co Inc)

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