Common use of Relations Among Lenders Clause in Contracts

Relations Among Lenders. Each Lender agrees that it will not take any action, nor institute any actions or proceedings, against the Borrower with respect to the Obligations or any Collateral, without the prior written consent of Requisite Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Stellex Technologies Inc), Credit Agreement (Stellex Industries Inc)

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Relations Among Lenders. Each (a) Except as set forth in the following clause (b) of this section, each Lender agrees that it will not take any action, nor institute any actions or proceedings, against the Borrower or any other obligor hereunder or with respect to the Obligations any Collateral or any CollateralLoan Document, without the prior written consent of the Requisite LendersLenders or, as may be provided in this Agreement or the other Loan Documents, at the direction of the Agent.

Appears in 2 contracts

Samples: Credit Agreement (American Classic Voyages Co), Credit Agreement (American Classic Voyages Co)

Relations Among Lenders. (a) Each Lender agrees that it will not take any action, nor institute any actions or proceedings, against the Borrower or any other obligor hereunder or any other Loan Document or with respect to the Obligations or any Collateral, without the prior written consent of the Requisite Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Anntaylor Inc), Taylor Ann Stores Corp

Relations Among Lenders. Each Lender agrees that it will not take any action, nor institute any actions or proceedings, against the Borrower Borrowers with respect to the Obligations or any Collateral, without the prior written consent of Requisite Lenders.

Appears in 2 contracts

Samples: Credit Agreement (General Inspection Laboratories Inc), Credit Agreement (General Inspection Laboratories Inc)

Relations Among Lenders. (a) Each Lender agrees that it -------------------------- will not take any action, nor institute any actions or proceedings, against the Borrower or any other obligor hereunder or any other Loan Document or with respect to the Obligations or any Collateral, without the prior written consent of the Requisite Lenders.

Appears in 1 contract

Samples: Credit Agreement (Taylor Ann Stores Corp)

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Relations Among Lenders. 134 Each Lender agrees that it will not take any action, nor institute any actions or proceedings, against the any Borrower or any other obligor hereunder or with respect to the Obligations or any Collateral, without the prior written consent of Requisite Lenders.

Appears in 1 contract

Samples: Credit Agreement (Donna Karan International Inc)

Relations Among Lenders. Each Lender Lender, in its capacity ----------------------- as a Lender, agrees that it will not take any action, nor institute any actions or proceedingsproceedings in connection with any of the Loan Documents, against the Borrower any Loan Party or any other obligor hereunder or with respect to the Obligations or any Collateral, without the prior written consent of the Requisite Lenders.

Appears in 1 contract

Samples: Credit Facility Agreement (JPS Textile Group Inc /De/)

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