Common use of Majority Lenders’ instructions Clause in Contracts

Majority Lenders’ instructions. (a) Unless a contrary indication appears in a Finance Document, the Agent and the Security Trustee shall (i) exercise any right, power, authority or discretion vested in it as Agent or Security Trustee, as the case may be, in accordance with any instructions given to it by the Majority Lenders (or, if so instructed by the Majority Lenders, refrain from exercising any right, power, authority or discretion vested in it as Agent or Security Trustee. as the case may be) Table of Contents and (ii) not be liable for any act (or omission) if it acts (or refrains from taking any action) in accordance with an instruction of the Majority Lenders.

Appears in 2 contracts

Samples: Facility Agreement (WNS (Holdings) LTD), Facility Agreement (WNS (Holdings) LTD)

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Majority Lenders’ instructions. (a) Unless a contrary indication appears in a Senior Finance Document, each of the Facility Agent and the Security Trustee Agent shall (i) exercise any right, power, authority or discretion vested in it as Facility Agent or Security Trustee, Agent (as the case may be, ) in accordance with any instructions given to it by the Majority Lenders (or, if so instructed by the Majority Lenders, refrain from exercising any right, power, authority or discretion vested in it as Facility Agent or Security Trustee. Agent, as the case may be) Table of Contents and (ii) not be liable for any act (or omission) if it acts (or refrains from taking any action) in accordance with an instruction of the Majority Lenders.

Appears in 2 contracts

Samples: Facility Agreement (Avis Budget Group, Inc.), Facility Agreement (Avis Budget Group, Inc.)

Majority Lenders’ instructions. (a) Unless a contrary indication appears in a Finance Document, the Agent and the Security Trustee shall (i) exercise any right, power, authority or discretion vested in it as Agent or as Security Trustee, as the case may be, Trustee in accordance with any instructions given to it by the Majority Lenders (or, if so instructed by the Majority Lenders, refrain from exercising any right, power, authority or discretion vested in it as Agent or as Security Trustee. as the case may be) Table of Contents and (ii) not be liable for any act (or omission) if it acts (or refrains from taking any action) in accordance with an instruction of the Majority Lenders.

Appears in 1 contract

Samples: Agreement (Paradigm Ltd.)

Majority Lenders’ instructions. (a) Unless a contrary indication appears in a Finance Document, the Agent and the Security Trustee Agent, shall (i) exercise any right, power, authority or discretion vested in it as Agent or Security Trustee, Agent (as the case may be, ) in accordance with any instructions given to it by the Majority Lenders (or, if so instructed by the Majority Lenders, refrain from exercising any right, power, authority or discretion vested in it as Agent or the Security Trustee. Agent, as the case may be) Table of Contents and (ii) not be liable for any act (or omission) if it acts (or refrains from taking any action) in accordance with an instruction of the Majority Lenders.

Appears in 1 contract

Samples: Agreement (Melrose PLC)

Majority Lenders’ instructions. (a) Unless a contrary indication appears in a Finance Document, the Facility Agent and the Security Trustee Agent shall (i) exercise any right, power, authority or discretion vested in it as Facility Agent or Security Trustee, Agent (as the case may be, ) in accordance with any instructions given to it by the Majority Lenders (or, if so instructed by the Majority Lenders, refrain from exercising any right, power, authority or discretion vested in it as Facility Agent or Security Trustee. Agent, as the case may be) Table of Contents and (ii) not be liable for any act (or omission) if it acts (or refrains from taking any action) in accordance with an instruction of the Majority Lenders.

Appears in 1 contract

Samples: Facility Agreement (First Solar, Inc.)

Majority Lenders’ instructions. (a) 31.8.1 Unless a contrary indication appears in a Finance Document, the Agent and the Security Trustee shall (i) exercise any right, power, authority or discretion vested in it as Agent or as Security Trustee, as the case may be, in accordance with any instructions given to it by the Majority Lenders (or, if so instructed by the Majority Lenders, refrain from exercising any right, power, authority or discretion vested in it as Agent or Security Trustee. as the case may be) Table of Contents and (ii) not be liable for any act (or omission) if it acts (or refrains from taking any action) in accordance with an instruction of the Majority Lenders.

Appears in 1 contract

Samples: Facility Agreement (Edgen Murray PLC)

Majority Lenders’ instructions. (a) Unless a contrary indication appears in a Finance Document, the Agent and the Security Trustee shall (i) exercise any right, power, authority or discretion vested in it as Agent or Security Trustee, as the case may be, in accordance with any instructions given to it by the Majority Lenders (or, if so instructed by the Majority Lenders, refrain from exercising any right, power, authority or discretion vested in it as Agent or Security Trustee. as the case may be) Table of Contents and (ii) not be liable for any act (or omission) if it acts (or refrains from taking any action) in accordance with an instruction of the Majority Lenders.

Appears in 1 contract

Samples: Facility Agreement (WNS (Holdings) LTD)

Majority Lenders’ instructions. (a) 29.10.1 Unless a contrary indication appears in a Finance Document, the Facility Agent and the Security Trustee Sustainability Agent, as applicable shall (i) exercise any right, power, authority or discretion vested in it as Facility Agent or Security Trustee, as the case may be, in accordance with any instructions given to it by the Majority Lenders or Majority Sustainability Lenders (or, if so instructed by the Majority Lenders or Majority Sustainability Lenders, refrain from exercising any right, power, authority or discretion vested in it as Agent or Security Trustee. as the case may beFacility Agent) Table of Contents and (ii) not be liable for any act (or omission) if it acts (or refrains from taking any action) in accordance with an instruction of the Majority Lenders or Majority Sustainability Lenders.

Appears in 1 contract

Samples: Common Terms Agreement (Harmony Gold Mining Co LTD)

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Majority Lenders’ instructions. (a) Unless a contrary indication appears in a Finance Document, the Facility Agent and the Security Trustee Agent shall (i) exercise any right, power, authority or discretion vested in it as Facility Agent or Security TrusteeAgent, as the case may be, in accordance with any instructions given to it by the Majority Lenders (or, if so instructed by the Majority Lenders, refrain from exercising any right, power, authority or discretion vested in it as Facility Agent or Security Trustee. Agent, as the case may be) Table of Contents and (ii) not be liable for any act (or omission) if it acts (or refrains from taking any action) in accordance with an instruction of the Majority Lenders.

Appears in 1 contract

Samples: Facility Agreement (Multi Fineline Electronix Inc)

Majority Lenders’ instructions. (a) Unless a contrary indication appears in a Finance Document, the Agent and the Security Trustee Agent shall (i) exercise any right, power, authority or discretion vested in it as Agent or Security Trustee, Agent (as the case may be, ) in accordance with any instructions given to it by the Majority Lenders (or, if so instructed by the Majority Lenders, refrain from exercising any right, power, authority or discretion vested in it as Agent or Security Trustee. Agent as the case may be) Table of Contents and (ii) not be liable for any act (or omission) if it acts (or refrains from taking any action) in accordance with an instruction of the Majority Lenders.

Appears in 1 contract

Samples: Facilities Agreement (Noble International, Ltd.)

Majority Lenders’ instructions. (a) Unless a contrary indication appears in a Finance Document, the Agent and the Security Trustee shall (i) exercise any right, power, authority or discretion vested in it as Agent or as Security Trustee, as the case may be, in accordance with any instructions given to it by the Majority Lenders (or, if so instructed by the Majority Lenders, refrain from exercising any right, power, authority or discretion vested in it as Agent or as Security Trustee. as the case may be) Table of Contents and (ii) not be liable for any act (or omission) if it acts (or refrains from taking any action) in accordance with an instruction of the Majority Lenders.

Appears in 1 contract

Samples: Assignment Agreement (NORDIC AMERICAN TANKERS LTD)

Majority Lenders’ instructions. (a) Unless a contrary indication appears in a Finance Document, the Agent and the Security Trustee Agent shall (i) exercise any right, power, authority or discretion vested in it as Agent or Security TrusteeAgent, as the case may be, in accordance with any instructions given to it by the Majority Lenders (or, if so instructed by the Majority Lenders, refrain from exercising any right, power, authority or discretion vested in it as Agent or Security Trustee. Agent, as the case may be) Table of Contents and (ii) not be liable for any act (or omission) if it acts (or refrains from taking any action) in accordance with an instruction of the Majority Lenders.

Appears in 1 contract

Samples: Agreement (Sequa Corp /De/)

Majority Lenders’ instructions. (a) Unless a contrary indication appears in a Finance Document, the each Agent and the Security Trustee shall (i) exercise any right, power, authority or discretion vested in it as Facility Agent or Security Trustee, (as the case may be, ) Security Agent in accordance with any instructions given to it by the Majority Lenders (or, if so instructed by the Majority Lenders, refrain from exercising any right, power, authority or discretion vested in it as Facility Agent or Security Trustee. (as the case may be) Table of Contents Security Agent); and (ii) not be liable for any act (or omission) if it acts (or refrains from taking any action) in accordance with an instruction of the Majority Lenders.

Appears in 1 contract

Samples: Facilities Agreement (3SBio Inc.)

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