Common use of Action Without Vote Clause in Contracts

Action Without Vote. Notwithstanding any other provisions of this Section 15.10, the Administrative Agent or, with respect to Subsection 15.10.3(b) hereof, the Letter of Credit Bank and the Administrative Agent, may take the following actions without obtaining the consent of the Syndication Parties or the Voting Participants: (a) Determining after the Closing Date (i) whether the conditions to a 5-Year Advance have been met, and (ii) the amount of such 5-Year Advance; (b) Determining (i) whether the conditions and procedures as set forth in Article 4 hereof for issuance of a Letter of Credit have been properly satisfied, (ii) the amount of such Letter of Credit and (iii) the determination and implementation of any LC Separation Arrangements; (c) Determining whether the Bid Advance conditions and procedures as set forth in Article 3 hereof have been properly satisfied; and (d) Making modifications pursuant to Section 16.25, or evidencing the effectiveness of the Conditional Amendments as set forth in Section 16.26.

Action Without Vote. Notwithstanding any other provisions of this Section 15.10, the Administrative Agent or, with respect to Subsection 15.10.3(b) hereof, the Letter of Credit Bank and the Administrative Agent, may take the following actions without obtaining the consent of the Syndication Parties or the Voting Participants: (a) a. Determining after the Closing Date (i) whether the conditions to a 5-Year Advance have been met, and (ii) the amount of such 5-Year Advance; (b) b. Determining (i) whether the conditions and procedures as set forth in Article 4 hereof for issuance of a Letter of Credit have been properly satisfied, (ii) the amount of such Letter of Credit and (iii) the determination and implementation of any LC Separation Arrangements; (c) c. Determining whether the Bid Advance conditions and procedures as set forth in Article 3 hereof have been properly satisfied; and (d) d. Making modifications pursuant to Section 16.25, or evidencing the effectiveness of the Conditional Amendments as set forth in Section 16.26.