Examples of Supermajority Banks in a sentence
A Supermajority Banks may agree to the matters set forth in subsections (i) through (v) in the prior sentence if the effect of such agreement is to provide the same treatment to each Bank.
Without limiting the foregoing, no Bank or the holder of any Note shall have any right of action whatsoever against the Administrative Agent as a result of the Administrative Agent acting or refraining from acting hereunder or under any other Credit Document in accordance with the instructions of the Required Banks or, if required by Section 12.12, the Supermajority Banks or all of the Banks, as the case may be.
Any amendment, modification, termination, or waiver of any provision of this Agreement, the Notes, the Guaranty or the Pledge Agreement, and any consent to any variance therefrom, not otherwise requiring the consent of the Majority Banks, the Supermajority Banks or all of the Banks shall not be effective unless the same shall be in writing and signed by the Required Banks.
The Agent shall be entitled to act or refrain from acting, and in all cases shall be fully protected in acting or refraining from acting, under this Agreement or the Notes or any other instrument or document in connection herewith or therewith in accordance with instructions in writing from the Majority Banks (or, if required, all Banks or Supermajority Banks, as the case may be).
The Banks hereby acknowledge that no Agent shall be under any duty to take any discretionary action permitted to be taken by it pursuant to the provisions of this Agreement unless it shall be requested in writing to do so by the Majority Banks or the Supermajority Banks, as the case may be.