Common use of Certain Rights of the Administrative Agent Clause in Contracts

Certain Rights of the Administrative Agent. If the Administrative Agent shall request instructions from the Lender, with respect to any act or action (including failure to act) in connection with this Agreement or any other Credit Document, the Administrative Agent shall be entitled to refrain from such act or taking such action unless and until the Administrative Agent shall have received instructions from the Lender and the Administrative Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, none of the Lender or the Holder of any Note or Loan shall have any right of action whatsoever against the Administrative Agent as a result of the Administrative Agent acting or refraining from acting hereunder or under any other Credit Document in accordance with the instructions of the Lender. Section 8.5.

Appears in 1 contract

Samples: Credit Agreement (Apollo Senior Floating Rate Fund Inc.)

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Certain Rights of the Administrative Agent. If the Administrative Agent shall request instructions from the Lender, Majority Lenders with respect to any act or action (including failure to act) in connection with this Agreement or any other Credit Document, the Administrative Agent shall be entitled to refrain from such act or taking such action unless and until the Administrative Agent shall have received instructions from the Lender Majority Lenders, and the Administrative Agent shall not incur any liability to any Person by reason of so refraining. Without limiting the foregoing, none of the Lender or the Holder of any Note or Loan Lenders shall not have any right of action whatsoever against the Administrative Agent as a result of the Administrative Agent acting or refraining from acting hereunder or under any other Credit Document in accordance with the instructions of the Lender. Section 8.5Majority Lenders as is required pursuant to this Agreement.

Appears in 1 contract

Samples: Credit Agreement (FS Energy & Power Fund)

Certain Rights of the Administrative Agent. If the ------------------------------------------ Administrative Agent shall request instructions from the Lender, Majority Lenders with respect to any act or action (including the failure to act) in connection with this Agreement or any Agreement, the Notes and the other Credit DocumentFinancing Documents, the Administrative Agent shall be entitled to refrain from such act or taking such action unless and until the Administrative Agent shall have received instructions from the Lender Majority Lenders; and the Administrative Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, none of the no Lender or the Holder of any Note or Loan shall have any right of action whatsoever against the Administrative Agent as a result of the Administrative Agent acting or refraining from acting hereunder or under any this Agreement, the Notes and the other Credit Document Financing Documents in accordance with the instructions of the Lender. Section 8.5Majority Lenders.

Appears in 1 contract

Samples: Credit Agreement (Titan Exploration Inc)

Certain Rights of the Administrative Agent. If the Administrative Agent shall request instructions from the Lender, Majority Lenders with respect to any act or action (including the failure to act) in connection with this Agreement or any Agreement, the Notes and the other Credit DocumentFinancing Documents, the Administrative Agent shall be entitled to refrain from such act or taking such action unless and until the Administrative Agent shall have received instructions from the Lender Majority Lenders; and the Administrative Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, none of the no Lender or the Holder of any Note or Loan shall have any right of action whatsoever against the Administrative Agent as a result of the Administrative Agent acting or refraining from acting hereunder or under any this Agreement, the Notes and the other Credit Document Financing Documents in accordance with the instructions of the Lender. Section 8.5Majority Lenders.

Appears in 1 contract

Samples: Credit Agreement (Titan Exploration Inc)

Certain Rights of the Administrative Agent. If the Administrative Agent shall request instructions from the Lender, Required Lenders with respect re-spect to any act action or action ac-tions (including the failure to act) in connection with this Agreement or any other Credit DocumentAgreement, the Administrative Agent shall be entitled to refrain from such act or taking such action act unless and until the Administrative Agent it shall have received instructions from the Lender such Lend-ers, and the Administrative Agent shall not incur liability to any Person by reason rea-son of so refraining. Without limiting the foregoing, none of the no Lender or the Holder of any Note or Loan shall have any right of action whatsoever against the Administrative Agent as a result of the Administrative Agent acting or refraining from acting hereunder or under any other Credit Document in accordance ac-cordance with the instructions of the Lender. Section 8.5Required Lenders where required by the terms of this Agreement.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Fox Factory Holding Corp)

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Certain Rights of the Administrative Agent. If the Administrative Agent shall request requests instructions from the Lender, Lenders with respect to any act or action (including failure to act) in connection with this Agreement or any other Credit Loan Document, the Administrative Agent shall be entitled to refrain from such act or taking such action unless and until the Administrative Agent shall have received instructions from the Lender Lenders; and the Administrative Agent shall not incur liability to any Person Lender by reason of so refraining. Without limiting the foregoing, none of neither any Lender nor the Lender or the Holder holder of any Note or Loan shall have any right of action whatsoever against the Administrative Agent as a result of the Administrative Agent acting or refraining from acting hereunder or under any other Credit Loan Document in accordance with the instructions of the Lender. Section 8.5Lenders.

Appears in 1 contract

Samples: Security Agreement (Zap)

Certain Rights of the Administrative Agent. If the Administrative Agent shall request instructions from the Lender, Majority Lenders with respect to any act or action (including failure to act) in connection with this Agreement or any other Credit Loan Document, the Administrative Agent shall be entitled to refrain from such act or taking such action unless and until the Administrative Agent shall have received instructions from the Lender Majority Lenders; and the Administrative Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, none of the no Lender or the Holder holder of any Note or Loan shall have any right of action whatsoever against the Administrative Agent as a result of the Administrative Agent acting or refraining 105 from acting hereunder or under any other Credit Loan Document in accordance with the instructions of the Lender. Section 8.5Majority Lenders.

Appears in 1 contract

Samples: Credit Agreement (Gaylord Entertainment Co /De)

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