Common use of Majority Banks Clause in Contracts

Majority Banks. directions The Agent or, as the case may be, the US Swingline Agent will be fully protected if it acts in accordance with the instructions of the Majority Banks in connection with the exercise of any right, power or discretion or any matter not expressly provided for in the Finance Documents. Any such instructions given by the Majority Banks will be binding on all the Banks. In the absence of such instructions the Agent or, as the case may be, the US Swingline Agent may act as it considers to be in the best interests of all the Banks.