No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except (subject to Section 12.03(b) below) any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to written instructions from the Majority Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders).
Appears in 2 contracts
Sources: Credit Agreement and Guaranty (Verona Pharma PLC), Credit Agreement and Guaranty (Verona Pharma PLC)
No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except (subject to Section 12.03(bclause (b) below) any action it is required to take or omit to take (i) under any Loan Transaction Document or (ii) pursuant to written instructions from the Majority Lenders Purchasers (or, where expressly required or permitted by the terms of this Agreement, a greater proportion any number of the LendersPurchasers).
Appears in 2 contracts
Sources: Revenue Interest Purchase and Sale Agreement (Verona Pharma PLC), Revenue Interest Purchase and Sale Agreement (Verona Pharma PLC)
No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except (subject to Section 12.03(bclause (b) below) any action it is required to take or omit to take (i) under any Loan Transaction Document or (ii) pursuant to written instructions from the Majority Lenders Purchasers (or, where expressly required by the terms of this Agreement, a greater proportion of the LendersPurchasers).
Appears in 2 contracts
Sources: Revenue Interest Financing Agreement (BioXcel Therapeutics, Inc.), Revenue Interest Financing Agreement (Impel Pharmaceuticals Inc)
No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except (subject to Section 12.03(b) below) any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to written instructions from the Majority Requisite Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders).
Appears in 2 contracts
Sources: Loan Agreement (Us Airways Inc), Loan Agreement (Us Airways Group Inc)
No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except (subject to Section 12.03(b) below) any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to written instructions from the Majority Required Lenders, Required Lenders β FILO Tranche or Required Lenders β Tranche A (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders).
Appears in 1 contract
No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except (subject to Section 12.03(b) below) any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to written instructions from the Majority Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders).any
Appears in 1 contract
No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except (subject to Section 12.03(b) below) any action it is required to take or omit to take (i) under any Loan Credit Document or (ii) pursuant to written instructions from the Majority Required Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders).
Appears in 1 contract
Sources: Credit Agreement (Clearwater Analytics Holdings, Inc.)
No Action without Instructions. The TheSECTION 10.3 Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except (subject to Section 12.03(b) below) any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to written instructions from the Majority Required Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders).
Appears in 1 contract
Sources: Credit Agreement (White Mountains Insurance Group LTD)
No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except (subject to Section 12.03(bclause (b) below) any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to written instructions from the Majority Required Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders).
Appears in 1 contract
Sources: Credit Agreement (TELA Bio, Inc.)
No Action without Instructions. The Administrative Agent shall not be be(a) required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except (subject to Section 12.03(b) below) any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to written instructions from the Majority Required Lenders (or, where expressly required by the terms of this Agreement, a the Required Revolving Lenders or such greater or other proportion of the Lenders).
Appears in 1 contract
Sources: Credit Agreement (Blend Labs, Inc.)
No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except (subject to Section 12.03(b) below) any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to written instructions from the Majority Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Required Lenders).
Appears in 1 contract
Sources: Term Loan Agreement (Bombay Co Inc)
No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except (subject to Section 12.03(bclause (b) below) any action it is required to take or omit to take (i) under any Loan Notes Document or (ii) pursuant to written instructions from the Majority Lenders Noteholders (or, where expressly required by the terms of this Agreement, a greater proportion of the LendersNoteholders).
Appears in 1 contract
Sources: Notes Purchase Agreement and Guaranty (MeiraGTx Holdings PLC)
No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except (subject to Section 12.03(b) below) any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to written instructions from the Majority Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders).
Appears in 1 contract
Sources: Term Loan Agreement (Axogen, Inc.)
No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except (subject to Section 12.03(bclause (b) below) any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to written instructions from the Majority Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders).
Appears in 1 contract
No Action without Instructions. The Administrative Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except (subject to Section 12.03(b) below) any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to written instructions from the Majority Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders).136158242.1 136158242.6 82
Appears in 1 contract
Sources: Term Loan Agreement (Axogen, Inc.)