No Action without Instructions. The Collateral Agent shall not be required to exercise any discretion or take, or omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under the express terms hereof or (ii) pursuant to written instructions from the Holder, as the case may be.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Capital Trust Inc), Pledge and Security Agreement (Capital Trust Inc), Pledge and Security Agreement (Capital Trust Inc)
No Action without Instructions. The Collateral Agent shall not be required to exercise any discretion or take, or omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under the express terms hereof CHG Lease Facility Documents or (ii) pursuant to written instructions from the Holder, as the case may beLessor.
Appears in 2 contracts
Samples: Master Equipment Lease (Cinedigm Digital Cinema Corp.), Master Equipment Lease (Cinedigm Digital Cinema Corp.)
No Action without Instructions. The Collateral 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 any action it is expressly required to take or omit to take (i) under the express terms hereof any Transaction Document or (ii) pursuant to written instructions from the Holder, as Required Noteholders provided in accordance with the case may beTransaction Documents.
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No Action without Instructions. The Collateral Agent shall not be required to exercise any discretion or take, or omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under the express terms hereof any Note Document or (ii) pursuant to written instructions from the HolderRequired Holders (or, as where expressly required by the case may beterms of this Agreement, a greater proportion of the Holders).
Appears in 1 contract
Samples: Securities Purchase Agreement (Film Department Holdings, Inc.)
No Action without Instructions. The Collateral Agent shall not be required to exercise any discretion or take, or omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under the express terms hereof any Loan Document or (ii) pursuant to written instructions from the Holder, as Lender or counsel to the case may beLender.
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