Common use of Restrictions on the Powers of the Lenders Clause in Contracts

Restrictions on the Powers of the Lenders. No Lender may exercise individually the rights and powers delegated to the Agent, including the enforcement of remedies after the occurrence of an Event of Default.

Appears in 9 contracts

Samples: Credit Agreement (Osisko Gold Royalties LTD), Credit Agreement (Abitibi Consolidated Inc), Credit Agreement (Cascades Boxboard Group Inc)

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Restrictions on the Powers of the Lenders. No Lender may exercise individually the rights and powers delegated to the AgentAgents, including the enforcement of remedies after the occurrence of an Event of Default.

Appears in 5 contracts

Samples: Credit Agreement (Cascades Inc), Credit Agreement (Cascades Inc), Credit Agreement (Cascades Inc)

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Restrictions on the Powers of the Lenders. No Lender may exercise individually the rights and powers delegated to the Agent or the Co-Agent, including the enforcement of remedies after the occurrence of an Event of Default.

Appears in 1 contract

Samples: Credit Agreement (Cascades Inc)

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