Common use of Certain Rights of the Agent Clause in Contracts

Certain Rights of the Agent. The Agent may request instructions from the Majority Lenders at any time. If the Agent requests instructions from the Majority Lenders with respect to any action or inaction, the Agent shall be entitled to await instructions from the Majority Lenders before such action or inaction. No Lender shall have any right of action based upon the Agent's action or inaction in response to instructions from the Majority Lenders.

Appears in 8 contracts

Samples: Credit Agreement (Spinnaker Industries Inc), Credit Agreement (Aerosol Services Co Inc), Credit Agreement (Mobile Mini Inc)

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Certain Rights of the Agent. The Agent may request --------------------------- instructions from the Majority Lenders at any time. If the Agent requests instructions from the Majority Lenders with respect to any action or inaction, the Agent shall be entitled to await instructions from the Majority Lenders before such action or inaction. No Lender shall have any right of action based upon the Agent's action or inaction in response to instructions from the Majority Lenders.

Appears in 1 contract

Samples: Credit Agreement (Envirodyne Industries Inc)

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Certain Rights of the Agent. The Agent may request instructions --------------------------- from the Majority Lenders at any time. If the Agent requests instructions from the Majority Lenders with respect to any action or inaction, the Agent shall be entitled to await instructions from the Majority Lenders before such action or inaction. No Neither the Issuing Bank, any Lender or any other Holder shall have any right of action based upon the Agent's action or inaction in response to instructions from the Majority Lenders.

Appears in 1 contract

Samples: Credit Agreement (Rental Service Corp)

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