Authorization and Action. Each Lender hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit Advances), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement), and such instructions shall be binding upon all Lenders and all holders of Revolving Credit Advances; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 40 contracts
Sources: Credit Agreement (DTE Electric Co), Credit Agreement (DTE Electric Co), Five Year Credit Agreement (DTE Electric Co)
Authorization and Action. Each Lender hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Outstanding Credit AdvancesExposures), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement), and such instructions shall be binding upon all Lenders and all holders of Revolving Outstanding Credit AdvancesExposures; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 20 contracts
Sources: Credit Agreement (DTE Electric Co), Credit Agreement (DTE Electric Co), Term Loan Credit Agreement (DTE Electric Co)
Authorization and Action. Each Lender (in its capacity as a Lender and an Issuing Bank, as applicable) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 9 contracts
Sources: Annual Report, Credit Agreement (Coventry Health Care Inc), Credit Agreement (Gatx Financial Corp)
Authorization and Action. Each Lender (in its capacities as a Lender and an Issuing Bank (as applicable)) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement, other than any notice the Borrower is obligated to provide directly to such Lender.
Appears in 8 contracts
Sources: Credit Agreement (Williams Companies Inc), Credit Agreement (Williams Companies Inc), Credit Agreement (Williams Companies Inc)
Authorization and Action. Each Lender (in its capacities as a Lender and Issuing Bank, as applicable) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 6 contracts
Sources: Credit Agreement (Everest Re Group LTD), Credit Agreement (St Paul Travelers Companies Inc), Credit Agreement (Phelps Dodge Corp)
Authorization and Action. Each Lender hereby appoints ------------------------ and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be -------- ------- required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 6 contracts
Sources: Credit Agreement (International Flavors & Fragrances Inc), Credit Agreement (Agilent Technologies Inc), 364 Day Credit Agreement (Rayonier Inc)
Authorization and Action. Each Lender (in its capacity as a Lender) hereby appoints and authorizes the each Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Credit Documents as are delegated to the such Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (includingthe Credit Documents, without limitation, enforcement or collection of the Revolving Credit Advances), the no Agent shall not be required to exercise any discretion or take any action, but shall be required to act (in the case of the Administrative Agent) or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)where unanimity is required, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesLenders; provided, however, that the no Agent shall not be required to take any action that exposes the such Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 6 contracts
Sources: Reimbursement Agreement, Reimbursement Agreement (Renaissancere Holdings LTD), Reimbursement Agreement (Renaissancere Holdings LTD)
Authorization and Action. Each Lender hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement or the other Loan Documents (including, without limitation, enforcement or collection of the Revolving Credit Advances), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or the other Loan Documents applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by each of the Borrower Borrowers pursuant to the terms of this AgreementAgreement or the other Loan Documents.
Appears in 5 contracts
Sources: Revolving Credit Agreement (Procter & Gamble Co), Revolving Credit Agreement (Procter & Gamble Co), Revolving Credit Agreement (Procter & Gamble Co)
Authorization and Action. Each Lender (in its capacity as a Lender) hereby appoints and authorizes the each Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the such Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement the Loan Documents (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the no Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)where unanimity is required, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the no Agent shall not be required to take any action that exposes the such Agent to personal liability or that is contrary to this Agreement or applicable law. The Each Agent agrees to give to each Lender prompt notice of each notice given to it by the any Borrower pursuant to the terms of this Agreement.
Appears in 5 contracts
Sources: Credit Agreement (Ace LTD), Credit Agreement (Ace LTD), Credit Agreement (Ace LTD)
Authorization and Action. Each Lender (in its capacities as a Lender and Issuing Bank, as applicable) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Company or any other Borrower pursuant to the terms of this Agreement.
Appears in 5 contracts
Sources: Credit Agreement (Xerox Corp), Credit Agreement (Electronic Data Systems Corp /De/), Credit Agreement (Xerox Corp)
Authorization and Action. Each Lender Bank hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereofhereof and of the other Credit Documents, together with such powers and discretion as are reasonably incidental thereto. Statements under the Credit Documents that the Agent may take certain actions, without further qualification, means that the Agent may take such actions with or without the consent of the Banks or the Majority Banks, but where the Credit Documents expressly require the determination of the Banks or the Majority Banks, the Agent shall not take any such action without the prior written consent thereof. As to any matters not expressly provided for by this Agreement or any other Credit Document (including, without limitation, enforcement or collection of the Revolving Credit AdvancesLoan Notes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the written instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Majority Banks, and such instructions shall be binding upon all Lenders Banks and all holders of Revolving Credit AdvancesLoan Notes; provided, however, that the Agent shall not be required to take any action that which exposes the Agent to personal liability or that which is contrary to this Agreement Agreement, any other Credit Document, or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 5 contracts
Sources: Credit Agreement (Tyler Corp /New/), Credit Agreement (Integrated Electrical Services Inc), Credit Agreement (Integrated Electrical Services Inc)
Authorization and Action. Each Lender (in its capacity as a Lender and an Issuing Bank, as applicable) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the any Borrower pursuant to the terms of this Agreement.
Appears in 4 contracts
Sources: Credit Agreement (LUBRIZOL Corp), Credit Agreement (Lubrizol Corp), Credit Agreement (Lubrizol Corp)
Authorization and Action. Each Lender hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; providedPROVIDED, howeverHOWEVER, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 4 contracts
Sources: Credit Agreement (Packaging Corp of America), Credit Agreement (Nacco Industries Inc), 364 Day Credit Agreement (Platinum Underwriters Holdings LTD)
Authorization and Action. Each Lender (in its capacity as a Lender and Issuing Bank, as applicable) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 4 contracts
Sources: Credit Agreement (Tribune Co), Credit Agreement (Embarq CORP), Credit Agreement (Tribune Co)
Authorization and Action. Each Lender (in its capacities as a Lender and Issuing Bank (as applicable)) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 4 contracts
Sources: Credit Agreement (Computer Associates International Inc), Credit Agreement (Computer Associates International Inc), Credit Agreement (Ca, Inc.)
Authorization and Action. Each Lender (in its capacities as a Lender and Issuing Bank, as applicable) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the any Borrower pursuant to the terms of this Agreement.
Appears in 4 contracts
Sources: Credit Agreement (Goodrich Corp), Credit Agreement (Avaya Inc), Credit Agreement (Goodrich Corp)
Authorization and Action. Each Lender (in its capacity as a Lender and an Issuing Bank, as applicable) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower any Loan Party pursuant to the terms of this Agreement.
Appears in 3 contracts
Sources: Credit Agreement (Lubrizol Corp), Credit Agreement (Lubrizol Corp), Credit Agreement (Lubrizol Corp)
Authorization and Action. Each Lender hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; providedPROVIDED, howeverHOWEVER, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Company or any other Borrower pursuant to the terms of this Agreement.
Appears in 3 contracts
Sources: 364 Day Credit Agreement (Interpublic Group of Companies Inc), Credit Agreement (Interpublic Group of Companies Inc), Credit Agreement (Interpublic Group of Companies Inc)
Authorization and Action. Each Lender (in its capacities as a Lender and Issuing Bank, as applicable) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesLoan Documents), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement Agreement, any other Loan Document or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower Company or any other Loan Party pursuant to the terms of this Agreement.
Appears in 3 contracts
Sources: Credit Agreement (Chemtura CORP), Credit Agreement (Chemtura CORP), Credit Agreement (Chemtura CORP)
Authorization and Action. Each Lender (in its capacities as a Lender and an Issuing Bank, as applicable) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 3 contracts
Sources: 364 Day Credit Agreement (Pepsiamericas Inc/Il/), Credit Agreement (Pepsiamericas Inc/Il/), Credit Agreement (Pepsiamericas Inc/Il/)
Authorization and Action. Each Lender Party (in its capacities as a Lender, an Issuing Bank (if applicable) and a potential Hedge Bank) hereby appoints and authorizes the each Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the such Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters expressly provided for in the Loan Documents as being subject to the discretion of any Agent, such matters shall be subject to the sole discretion of such Agent, its directors, officers, agents and employees. As to any matters not expressly provided for by this Agreement the Loan Documents (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the no Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders Lender Parties and all holders of Revolving Credit AdvancesNotes; provided, however, that the no Agent shall not be required to take any action that exposes the such Agent to personal liability or that is contrary to this Agreement or applicable law. The Each Agent agrees to give to each Lender Party and each other Agent prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 3 contracts
Sources: Credit Agreement (Amf Bowling Inc), Credit Agreement (Amf Group Inc), Credit Agreement (Amf Bowling Inc)
Authorization and Action. Each Lender (in its capacities as a Lender and Issuing Bank, as applicable) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower any Loan Party pursuant to the terms of this Agreement.
Appears in 3 contracts
Sources: Five Year Credit Agreement (Omnicom Group Inc), Five Year Credit Agreement (Omnicom Group Inc), Five Year Credit Agreement (Omnicom Group Inc)
Authorization and Action. Each Lender hereby appoints and authorizes each Agent to enter into such of the Agent Loan Documents to which it is a party and to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the such Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement the Loan Documents (including, without limitation, including enforcement or collection of the Revolving Credit AdvancesNotes), the no Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the no Agent shall not be required to take any action that exposes the such Agent to personal liability or that is contrary to this Agreement or applicable law. The Each Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower BMCA pursuant to the terms of this Agreement.
Appears in 3 contracts
Sources: Bridge Loan Agreement (Building Materials Manufacturing Corp), Bridge Loan Agreement (BMCA Acquisition Sub Inc.), Junior Lien Term Loan Agreement (Building Materials Manufacturing Corp)
Authorization and Action. Each Lender Bank hereby appoints BOKF to act on its behalf as the Administrative Agent and Collateral Agent hereunder and under the other Loan Documents and authorizes the each Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the such Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. The duties of each Agent shall be mechanical and administrative in nature, and neither Agent shall by reason of this Agreement be a trustee or fiduciary for any Bank. Neither Agent shall have any duties or responsibilities except those expressly set forth herein or in the Prudential Intercreditor Agreement. As to any matters not expressly provided for by this Agreement (including, without limitation, including enforcement or collection of the Revolving Credit AdvancesObligations), the neither Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or so refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Majority Banks, and such instructions shall be binding upon all Lenders Banks and all holders of Revolving Credit AdvancesNotes; provided, however, that the neither Agent shall not be required to take any action that which exposes the such Agent to personal liability or that which is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 2 contracts
Sources: Credit Agreement (Saia Inc), Credit Agreement (Saia Inc)
Authorization and Action. Each Lender hereby appoints and authorizes the each Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the such Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the no Agent shall not be required to exercise any discretion or take any actionaction (including, without limitation, giving any consent, undertaking any enforcement action or exercising any remedies), but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the no Agent shall not be required to take any action that exposes the such Agent to personal liability or that is contrary to this Agreement or applicable law. The Each Agent agrees to give to each Lender prompt notice of each notice given to it by the any Borrower pursuant to the terms of this Agreement.
Appears in 2 contracts
Sources: Credit and Security Agreement (Grupo Imsa Sa De Cv), Credit and Security Agreement (Grupo Imsa Sa De Cv)
Authorization and Action. Each Lender (in its ------------------------ capacity as a Lender and an Issuing Bank (if applicable)) hereby appoints and authorizes the each Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent Agents by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit Advances), the no Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the no Agent shall not be required to -------- ------- take any action that exposes the such Agent to personal liability or that is contrary to this Agreement or applicable law. The Each Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 2 contracts
Sources: Credit Agreement (Kroger Co), Credit Agreement (Kroger Co)
Authorization and Action. Each Lender Party (in its capacities as a Lender and Issuing Bank (as applicable)) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders Lender Parties and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender Party prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 2 contracts
Sources: Credit Agreement (Manpower Inc /Wi/), Credit Agreement (Manpower Inc /Wi/)
Authorization and Action. Each Lender hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Transaction Documents as are delegated to the Agent by the terms hereofhereof or thereof, together with such powers and discretion as are reasonably incidental thereto. The Agent reserves the right, in its sole discretion (subject to Section 10.01), to agree to any amendment, modification or waiver of the provisions of this Agreement or any instrument or document delivered pursuant hereto, and also to exercise any rights and remedies available under this Agreement and the other Transaction Documents or pursuant to applicable law. As to any matters not expressly provided for by this Agreement or the other Transaction Documents (including, without limitation, enforcement of this Agreement or collection of the Revolving Credit Advancesother Transaction Documents), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement), Majority Banks and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesLenders; provided, however, that the Agent shall not be required to take any action that which exposes the Agent to personal liability or that which is contrary to this Agreement Agreement, the other Transaction Documents or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 2 contracts
Sources: Term Loan Agreement (Temple Inland Inc), Term Loan Agreement (Temple Inland Inc)
Authorization and Action. Each Lender (in its capacities as a Lender and Issuing Bank, as applicable) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all such other number of the Lenders to the extent as required by the terms of this Agreementhereunder), and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Company or any other Borrower pursuant to the terms of this Agreement.
Appears in 2 contracts
Sources: Five Year Credit Agreement (Jabil Circuit Inc), Credit Agreement (Jabil Circuit Inc)
Authorization and Action. Each Lender (in its capacity as a Lender and an Issuing Bank (if applicable)) hereby appoints and authorizes the each Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent Agents by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit Advances), the no Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the no Agent shall not be required to take any action that exposes the such Agent to personal liability or that is contrary to this Agreement or applicable law. The Each Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 2 contracts
Sources: Credit Agreement (Kroger Co), Credit Agreement (Kroger Co)
Authorization and Action. Each Lender of the Lenders hereby appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the Notes as are delegated to the Administrative Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement the Loan Documents (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Administrative Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Administrative Agent shall not be required to take any action that exposes the Administrative Agent to personal liability or that is contrary to this Agreement or applicable law. The Administrative Agent agrees to give to each Lender of the Lenders prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 2 contracts
Sources: Credit Agreement (Nii Holdings Inc), Credit Agreement (Nii Holdings Inc)
Authorization and Action. Each Lender Party hereby appoints and authorizes the each Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the such Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement and the other Loan Documents (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes, if any), the each Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders Lender Parties and all holders of Revolving Credit AdvancesNotes; provided, however, that the no Agent shall not be required to take any action that exposes the such Agent to personal liability or that is contrary to this Agreement or applicable law. The Each Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 2 contracts
Sources: Credit Agreement (Warnaco Group Inc /De/), Credit Agreement (Warnaco Group Inc /De/)
Authorization and Action. Each Lender (in its capacities as a Lender and an Issuing Bank, if applicable) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from actingacting ) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Majority Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 2 contracts
Sources: Credit Agreement (Olin Corp), Credit Agreement (Olin Corp)
Authorization and Action. Each Lender hereby appoints and authorizes the Administrative Agent and the Collateral Agent (collectively, the "Agents") to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereofextent provided herein or in any document or instrument delivered hereunder or in connection herewith, together with such powers and discretion other action as are may be reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of this Agreement or any Related Documents) the Revolving Credit Advances), the Agent Agents shall not be required to exercise any discretion or take any actiondiscretion, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement), and such instructions shall be binding upon all Lenders and all holders of Revolving Credit Advances; provided, however, that Lenders. Under no circumstances shall the Agent shall not Agents be required to take any action that which exposes the such Agent to personal liability or that which is contrary to this Agreement or to the Related Documents or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 2 contracts
Sources: Credit Agreement (Delphi Financial Group Inc/De), Credit Agreement (Delphi Financial Group Inc/De)
Authorization and Action. Each Lender (in its capacities as a Lender and an Issuing Bank, as applicable) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Majority Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the any Borrower pursuant to the terms of this Agreement.
Appears in 2 contracts
Sources: Credit Agreement (Honeywell International Inc), Credit Agreement (Honeywell International Inc)
Authorization and Action. Each Lender (in its capacities as a Lender and Issuing Bank, as applicable) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower Borrowers pursuant to the terms of this Agreement.
Appears in 2 contracts
Sources: Credit Agreement (Sealed Air Corp/De), Credit Agreement (Sealed Air Corp/De)
Authorization and Action. Each Lender (in its capacities as a Lender and Issuing Bank, as applicable) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement), and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Credit Agreement (Telecomunicaciones De Puerto Rico Inc)
Authorization and Action. Each Lender hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement Agreement, and the other Loan Documents as are delegated to the Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement and the other Loan Documents (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all or, with respect to those actions to be taken at the direction of the Lenders to holders of a majority of the extent required by principal amount of Revolving Credit Notes, upon the terms instruction of this Agreementsuch holders), and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesLenders; provided, however, that the Agent shall not be required to take any action that which exposes the Agent to personal liability or that which is contrary to this Agreement or the other Loan Documents or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this AgreementAgreement and the other Loan Documents.
Appears in 1 contract
Sources: Loan Agreement (Quixote Corp)
Authorization and Action. Each Lender hereby ------------------------ appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be -------- ------- required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the any Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Authorization and Action. Each Lender (in ------------------------ its capacity as a Lender and an Issuing Bank (if applicable)) hereby appoints and authorizes the each Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent Agents by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit Advances), the no Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the no Agent shall not be -------- ------- required to take any action that exposes the such Agent to personal liability or that is contrary to this Agreement or applicable law. The Each Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Credit Agreement (Kroger Co)
Authorization and Action. Each Lender hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement the Loan Documents (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes and the Convertible Notes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes and the Convertible Notes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the either Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Authorization and Action. Each Lender hereby appoints ------------------------ and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be -------- ------- required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender and the Collateral Agent prompt notice of each notice given to it by the Borrower Borrowers pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Credit Agreement (C Quential Inc)
Authorization and Action. Each Lender (in its capacities as a Lender and Issuing Bank, as applicable) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit Advancesany Notes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit Advancesany Notes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Company or any other Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Credit Agreement (Interpublic Group of Companies, Inc.)
Authorization and Action. Each Lender hereby appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the Administrative Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (the Loan Documents, including, without limitation, enforcement or collection of the Revolving Credit Advances)Notes, the Administrative Agent shall not be required to exercise any discretion or take any action, but and shall not be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) except upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit Advancesthe Notes; provided, howeverPROVIDED, that the Administrative Agent shall not be required to take any action that exposes the Agent it to personal persona liability or that is contrary to this Agreement or applicable law. The Administrative Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Authorization and Action. Each Lender hereby appoints ------------------------ and authorizes the each Appropriate Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the such Appropriate Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit Debt resulting from the Advances), the Agent Appropriate Agents shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesLenders; provided, however, that the Agent Appropriate Agents shall not be required to take any -------- ------- action that exposes the Agent Appropriate Agents to personal liability or that is contrary to this Agreement or applicable law. The Each Appropriate Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower Loan Parties pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Revolving Credit Agreement (Fox Entertainment Group Inc)
Authorization and Action. Each Lender hereby appoints U.S. Bank National ------------------------ Association, as Agent under this Agreement and the other Loan Documents and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement perform such duties as are expressly delegated to the Agent by the terms hereofof this Agreement and such other Loan Documents, together with such powers and discretion as are reasonably incidental thereto. As to any matters matter not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit Advancesthe Notes; provided, however, that the Agent shall not be required to take any action that which exposes the Agent to personal liability or that which is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Loan Agreement (NVR Inc)
Authorization and Action. Each Lender of the Banks hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and each Selling Subsidiary Letter as are delegated to the Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement or any Selling Subsidiary Letter (including, without limitation, enforcement or collection of the Revolving Credit Advancesthis Agreement and any Selling Subsidiary Letter), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all a majority in interest of the Lenders to the extent required by the terms of this Agreement)Banks, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesBanks; provided, however, that the Agent shall not be required to take any action that which exposes the Agent to personal liability or that which is contrary to this Agreement or any Selling Subsidiary Letter or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Authorization and Action. Each Lender Bank hereby appoints and authorizes the Agent Agents, to take such action as their agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto; provided that no Agent shall have any duty or obligation under any Loan Document to which it is not a party. As to any matters not expressly provided for by this Agreement the Loan Documents (including, without limitation, enforcement or collection of the Revolving Credit AdvancesPromissory Notes), the Agent Agents shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Banks, and such instructions shall be binding upon all Lenders Banks and all holders of Revolving Credit AdvancesPromissory Notes; provided, however, that the Agent Agents shall not be required to take any action that which exposes the Agent them to personal liability or that which is contrary to this Agreement or the applicable law. The Agent agrees Agents agree to give to each Lender Bank prompt notice of each notice or other reports given to it them by the Borrower Obligors pursuant to the terms of this AgreementAgreement or any other Loan Document.
Appears in 1 contract
Authorization and Action. Each Lender (in its capacity ------------------------ as a Lender) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Transaction Documents as are delegated to the Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement the Transaction Documents (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the -------- ------- Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Authorization and Action. Each Lender hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement Agreement, and the other Loan documents as are delegated to the Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement and the other Loan Documents (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesLenders; provided, however, that the Agent shall not be required to take any action that which exposes the Agent to personal liability or that which is contrary to this Agreement or the other Loan Documents or applicable law. The Agent agrees to give to each Lender prompt notice promptly a copy of each notice given to it by the Borrower pursuant to the terms of this AgreementAgreement and the other Loan Documents.
Appears in 1 contract
Authorization and Action. Each Lender Bank hereby appoints ------------------------ and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the Related Documents as are delegated to the Administrative Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesReimbursement Obligations), the Administrative Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Banks or the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Banks, as applicable, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesBanks; provided, -------- however, that the Administrative Agent shall not be required to take any ------- action that exposes the Administrative Agent to personal liability or that which is contrary to this Agreement or applicable law. The Administrative Agent agrees to give to each Lender Bank prompt notice of each written notice given to it by the Borrower Company, the Trustee, or the LC Bank pursuant to the terms of this AgreementAgreement or the Indenture.
Appears in 1 contract
Sources: Letter of Credit and Reimbursement Agreement (Nevada Power Co)
Authorization and Action. Each Lender (in its capacities as a Lender, Swing Line Bank and Issuing Bank, as applicable) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit Advancesany Notes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit Advancesany Notes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Company or any other Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Credit Agreement (Interpublic Group of Companies Inc)
Authorization and Action. Each Lender (in its capacity as a Lender) hereby appoints and authorizes the each Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the such Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement the Loan Documents (including, without limitation, including enforcement or collection of the Revolving Credit AdvancesNotes), the no Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)where unanimity is required, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesLenders; provided, however, that the no Agent shall not be required to take any action that exposes the such Agent to personal liability or that is contrary to this Agreement or applicable law. The Each Agent agrees to give to each Lender prompt notice of each notice given to it by the any Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Credit Agreement (Ace LTD)
Authorization and Action. Each Lender (in its capacities as a Lender and Swing Line Bank, as applicable) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower Borrowers pursuant to the terms of this Agreement.
Appears in 1 contract
Authorization and Action. Each Lender hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement or the other Loan Documents (including, without limitation, enforcement or collection of the Revolving Credit Advances), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or any of the other Loan Documents under applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this AgreementAgreement or the other Loan Documents.
Appears in 1 contract
Authorization and Action. Each Lender hereby appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the Administrative Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly 77 provided for by this Agreement the Loan Documents (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Administrative Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Administrative Agent shall not be required to take any action that exposes the Administrative Agent to personal liability or that is contrary to this Agreement or applicable law. The Administrative Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower Borrowers pursuant to the terms of this Agreement.
Appears in 1 contract
Authorization and Action. Each Lender Bank hereby appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement the Loan Documents as are delegated to the Agent Administrative Agent, by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement the Loan Documents (including, without limitation, including enforcement or collection of the Revolving Credit AdvancesNotes), the Administrative Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Majority Banks, and such instructions shall be binding upon all Lenders Banks and all holders of Revolving Credit AdvancesNotes; provided, however, provided that the Administrative Agent shall not be required to take any action that which exposes the Administrative Agent to personal liability or that which is contrary to this Agreement any Loan Document or applicable lawlaw and shall not be required to initiate or conduct any litigation or other proceedings. The Administrative Agent agrees to give to each Lender Bank prompt notice of each notice given to it by the Borrower Loan Parties pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Credit Agreement (Ensco PLC)
Authorization and Action. Each Lender hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated or mandated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit Advances)Agreement, the Agent shall not be required to exercise any discretion or take any action or refrain from taking any action; provided, but however, that the Agent shall be required to act or to refrain from acting (and shall be fully protected and indemnified by the Lenders rateably in so acting or refraining from acting) upon the joint instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement), and such instructions shall be binding upon all Lenders and all holders of Revolving Credit Advances; provided, however, provided further that the Agent shall not be required to take any action that which (a) exposes the Agent to personal liability or that liability, (b) which is contrary to this Agreement or any applicable law. The Agent agrees Legal Requirement, (c) would require it to give be registered to each Lender prompt notice of each notice given do business in any other jurisdiction, (d) would subject it to it by the Borrower pursuant to the terms of this Agreement.additional taxation, or
Appears in 1 contract
Sources: Credit Agreement
Authorization and Action. Each Lender (in its capacity as a Lender) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Transaction Documents as are delegated to the Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement the Transaction Documents (including, without limitation, including enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Authorization and Action. Each Lender ------------------------ hereby appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the Administrative Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement the Loan Documents (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Administrative Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Administrative Agent shall not be required to take any action that exposes the Administrative Agent to personal liability or that is contrary to this Agreement or applicable law. The Administrative Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Tender Offer Statement
Authorization and Action. Each Lender hereby appoints and authorizes the Agent Rabobank to take such action as agent on its behalf and as the Administrative Agent to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the Agent them respectively by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement the Loan Documents (including, without limitation, in the case of the Administrative Agent, enforcement or collection of the Revolving Credit AdvancesNotes), the no Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, provided that the no Agent shall not be required to take any action that exposes the Agent it or its officers or directors to personal liability or that is contrary to this Agreement or applicable lawApplicable Law. The Administrative Agent agrees to give to each Lender prompt notice of each notice given to it by the any Borrower or other Loan Party pursuant to the terms of this Agreement.
Appears in 1 contract
Authorization and Action. Each Lender Bank hereby appoints and authorizes the Agent Agents, to take such action as their agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto; provided that no Agent shall have any duty or obligation under any Loan Document to which it is not a party. As to any matters not expressly provided for by this Agreement the Loan Documents (including, without limitation, enforcement or collection of the Revolving Credit AdvancesPromissory Notes), the Agent Agents shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Banks, and such instructions shall be binding upon all Lenders Banks and all holders of Revolving Credit AdvancesPromissory Notes; provided, however, that the Agent Agents shall not be required to take any action that which exposes the Agent them to personal liability or that which is contrary to this Agreement or the applicable law. The Agent agrees Agents agree to give to each Lender Bank prompt notice of each notice or other reports given to it them by the Borrower Obligors pursuant to the terms of this AgreementAgreement or any other Loan Document.
Appears in 1 contract
Sources: Revolving Loan Agreement (LCE AcquisitionSub, Inc.)
Authorization and Action. Each Lender(in its capacities as a Lender and Issuing Bank, as applicable) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Credit Agreement (Intuit Inc)
Authorization and Action. Each Lender hereby appoints and ------------------------ authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereofextent provided herein or in any document or instrument delivered hereunder or in connection herewith, together with such powers and discretion other action as are may be reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit Advances), this Agreement or any Related Document) the Agent shall not be required to exercise any discretion or take any actiondiscretion, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement), and such instructions shall be binding upon all Lenders and all holders of Revolving Credit Advances; provided, however, that Lenders. Under no circumstances shall the Agent shall not be required to take any action that which exposes the Agent to personal liability or that which is contrary to this Agreement or to the Related Documents or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Authorization and Action. Each Lender Bank hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesAdvances or any other amounts due hereunder), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders Majority Banks (or in the case of actions that require the consent of all of the Lenders to Banks hereunder, all of the extent required by the terms of this AgreementBanks), and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesBanks; provided, however, that the Agent shall not be required to take any action that which exposes the Agent to personal liability or that which is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender Bank prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Credit Agreement (Caterpillar Financial Services Corp)
Authorization and Action. Each Lender hereby irrevocably appoints Credit Suisse to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents for the benefit of the Secured Parties and Credit Suisse to act on its behalf as the Collateral Agent hereunder and under the other Loan Documents for the benefit of the Secured Parties and authorizes the each Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the such Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement the Loan Documents (including, without limitation, enforcement or collection of the Revolving Credit AdvancesTerm Notes), the no Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or or, if required hereby, all of the Lenders to the extent required by the terms of this AgreementLenders), and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesTerm Notes; provided, however, that the no Agent shall not be required to take any action that exposes the such Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Second Lien Senior Secured Credit Agreement (Terremark Worldwide Inc)
Authorization and Action. Each Lender (in its capacity as a Lender and an Issuing Bank, as applicable) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.Agreement.
Appears in 1 contract
Sources: Five Year Credit Agreement
Authorization and Action. Each Lender hereby appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Credit Documents as are delegated to the Administrative Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement the Credit Documents (including, without limitation, including enforcement or collection of the Revolving Credit Debt resulting from the Advances), the Administrative Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon on all Lenders and all holders of Revolving Credit Advancesthe Lenders; providedPROVIDED, howeverHOWEVER, that the Administrative Agent shall not be required to take any action that exposes the Administrative Agent to personal liability or that is contrary to this Agreement or any applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this AgreementGovernmental Rule.
Appears in 1 contract
Authorization and Action. Each Lender hereby appoints and authorizes the each Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the such Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement the Loan Documents (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the no Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; providedPROVIDED, howeverHOWEVER, that the no Agent shall not be required to take any action that exposes the such Agent to personal liability or that is contrary to this Agreement or applicable law. The Each Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower Borrowers pursuant to the terms of this Agreement.
Appears in 1 contract
Authorization and Action. Each Lender hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement. The provisions of this Article are solely for the benefit of the Agent and the Lenders and the Borrower shall not have rights as a third party beneficiary of any such provisions.
Appears in 1 contract
Sources: Credit Agreement (Radioshack Corp)
Authorization and Action. Each Lender hereby appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Administrative Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Administrative Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, provided that the AMENDED AND RESTATED CREDIT AGREEMENT FMC CORPORATION Administrative Agent shall not be required to take any action that which exposes the Administrative Agent to personal liability or that which is contrary to this Agreement or applicable law. The Administrative Agent agrees to give to each Lender prompt notice of each notice given to it by the any Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Credit Agreement (FMC Corp)
Authorization and Action. Each Lender hereby appoints Bank One, ------------------------ Texas, N.A., as Agent under this agreement and the other Loan Documents and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement perform such duties as are expressly delegated to the Agent by the terms hereofof this agreement and such other Loan Documents, together with such powers and discretion as are reasonably incidental thereto. As to any matters matter not expressly provided for by this Agreement agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit Advancesthe Notes; provided, however, that the Agent shall not be required to take any action that which exposes the Agent to personal liability or that which is contrary to this Agreement agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreementagreement.
Appears in 1 contract
Sources: Loan Agreement (NVR Inc)
Authorization and Action. (a) Each Lender hereby appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Administrative Agent by the terms hereofhereof and of the other Loan Documents, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement the Loan Documents (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Administrative Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Administrative Agent shall not be required to take any action that exposes the Agent it to personal liability or that is contrary to this Agreement or applicable law. The Administrative Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to as required by the terms of this Agreementthe Loan Documents or at the request of the Borrower, and any notice provided pursuant to Section 5.1(b)(i).
Appears in 1 contract
Sources: Credit Agreement (Kraft Foods Inc)
Authorization and Action. Each Lender Investor and each Bank hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Transaction Documents as are delegated to the Agent by the terms hereofhereof or thereof, together with such powers and discretion as are reasonably incidental thereto. The Agent reserves the right, in its sole discretion (subject to Section 10.01), to agree to any amendment, modification or waiver of the provisions of this Agreement or any instrument or document delivered pursuant hereto, and also to exercise any rights and remedies available under this Agreement and the other Transaction Documents or pursuant to applicable law. As to any matters not expressly provided for by this Agreement or the other Transaction Documents (including, without limitation, enforcement of this Agreement or collection of the Revolving Credit Advancesother Transaction Documents), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement), Majority Banks and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesBanks; provided, however, that the Agent shall not be required to take any action that which exposes the Agent to personal liability or that which is contrary to this Agreement Agreement, the other Transaction Documents or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Authorization and Action. Each Lender hereby appoints --------------------------------------- and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be -------- ------- required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: 364 Day Credit Agreement (Agilent Technologies Inc)
Authorization and Action. Each Lender Party hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement the Loan Documents (including, without limitation, enforcement or collection of the Revolving Credit Debt resulting from the Advances), the Agent shall not be required to exercise any discretion or take any action, action but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders Lender Parties and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender Party prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Authorization and Action. Each Lender Party hereby appoints and authorizes authorizes, with respect to this Agreement, the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement the Loan Documents as are delegated to the Agent them by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement the Loan Documents (including, without limitation, enforcement or collection of of, or other actions taken with respect to, the Revolving Credit AdvancesNotes), the Administrative Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Majority Lenders (or all of the Lenders to the extent required by the terms of this Agreement), and such instructions shall be binding upon all Lenders Lender Parties and all holders of Revolving Credit AdvancesNotes; provided, however, that the Administrative Agent shall not be required to take any action that which exposes the Administrative Agent to personal liability or that which is contrary to this Agreement or applicable law. The Each Agent agrees to give to each Lender Party prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Authorization and Action. Each Lender (in its capacity as a Lender) hereby appoints and authorizes the each Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the such Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement the Loan Documents (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the no Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (Lenders, or all of the Lenders to the extent where unanimity is required by the terms of this Agreement), and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the no Agent shall not be required to take any action that exposes the such Agent to personal liability or that is contrary to this Agreement or applicable law. The Each Agent agrees to give to each Lender prompt notice of each notice given to it by the any Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Credit Agreement (Ace LTD)
Authorization and Action. Each Lender hereby appoints ------------------------ and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any -------- ------- action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: 364 Day Credit Agreement (International Flavors & Fragrances Inc)
Authorization and Action. Each Lender hereby appoints and ---------------------------- authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement), and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to -------- ------- take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Credit Agreement (Genuity Inc)
Authorization and Action. Each Lender hereby appoints and authorizes the Administrative Agent and the Foreign Currency Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereofextent provided herein or in any document or instrument delivered hereunder or in connection herewith, together with such powers and discretion other action as are may be reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of this Agreement or any Related Document) neither the Revolving Credit Advances), Administrative Agent nor the Foreign Currency Agent shall not be required to exercise any discretion or take any actiondiscretion, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement), and such instructions shall be binding upon all Lenders and all holders of Revolving Credit Advances; provided, however, that Lenders. Under no circumstances shall the Administrative Agent shall not or the Foreign Currency Agent be required to take any action that which exposes the Administrative Agent or the Foreign Currency Agent to personal liability or that which is contrary to this Agreement or to the Related Documents or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Authorization and Action. Each Lender Party hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement the Loan Documents (including, without limitation, enforcement or collection of the Revolving Credit AdvancesDebt resulting from the Term Loans), the Agent shall not be required to exercise any discretion or take any action, action but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders Lender Parties and all holders of Revolving Credit AdvancesTerm Notes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender Party prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Authorization and Action. Each Lender (in its capacities as a Lender and Issuing Bank, as applicable) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; providedPROVIDED, howeverHOWEVER, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Company or any other Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: 364 Day Credit Agreement (Interpublic Group of Companies Inc)
Authorization and Action. Each Lender hereby appoints ------------------------ and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be -------- ------- required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the any Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Credit Agreement (Monsanto Co /New/)
Authorization and Action. Each Lender (in its capacity as a Lender and an Issuing Bank (if applicable)) hereby appoints and authorizes the each Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent Agents by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit Advances), the no Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; providedPROVIDED, howeverHOWEVER, that the no Agent shall not be required to take any action that exposes the such Agent to personal liability or that is contrary to this Agreement or applicable law. The Each Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Credit Agreement (Kroger Co)
Authorization and Action. Each Lender hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement the Loan Documents (including, without limitation, enforcement or collection of the Revolving Notes and under the Letter of Credit AdvancesAgreement), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes and the Issuing Bank; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.applicable
Appears in 1 contract
Authorization and Action. Each Lender Investor and each Bank hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Transaction Documents as are delegated to the Agent by the terms hereofhereof or thereof, together with such powers and discretion as are reasonably incidental thereto. The Agent reserves the right, in its sole discretion (subject to Section 10.01), to agree to any amendment, modification or waiver of the provisions of this Agreement or any instrument or document delivered pursuant hereto, and also to exercise any rights and remedies available under this Agreement and the other Transaction Documents or pursuant to applicable Law. As to any matters not expressly provided for by this Agreement or the other Transaction Documents (including, without limitation, enforcement of this Agreement or collection of the Revolving Credit Advancesother Transaction Documents), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement), Majority Banks and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesBanks; provided, however, that the Agent shall not be required to take any action that which exposes the Agent to personal liability or that which is contrary to this Agreement Agreement, the other Transaction Documents or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this AgreementLaw.
Appears in 1 contract
Authorization and Action. Each Lender (in its capacity as a Lender) hereby appoints and authorizes the each Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the such Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement the Loan Documents (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the no Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)where unanimity is required, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the no Agent shall not be required to take any action that exposes the such Agent to personal liability or that is contrary to this Agreement or applicable law. The Each Agent agrees to give to each Lender prompt notice of each notice given to it by the Parent or the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Credit Agreement (Ace LTD)
Authorization and Action. Each Lender Bank hereby appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement the Loan Documents as are delegated to the Agent Administrative Agent, by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement the Loan Documents (including, without limitation, including enforcement or collection of the Revolving Credit AdvancesNotes), the Administrative Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Majority Banks, and such instructions shall be binding upon all Lenders Banks and all holders of Revolving Credit AdvancesNotes; provided, however, provided that the Administrative Agent shall not be required to take any action that which exposes the Administrative Agent to personal liability or that which is contrary to this Agreement any Loan Document or applicable lawlaw and shall not be required to initiate or conduct any litigation or other proceedings. The Administrative Agent agrees to give to each Lender Bank prompt notice of each notice given to it by the Borrower Borrowers pursuant to the terms of this Agreement.
Appears in 1 contract
Authorization and Action. Each Lender hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement Agreement, and the other Loan documents as are delegated to the Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement and the other Loan Documents (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesLenders; provided, however, that the Agent shall not be required to take any action that which exposes the Agent to personal liability or that which is contrary to this Agreement or the other Loan Documents or applicable law. The Agent agrees to give to each Lender prompt notice promptly a copy of each notice given to it by the Borrower Borrowers pursuant to the terms of this AgreementAgreement and the other Loan Documents.
Appears in 1 contract
Sources: Loan and Security Agreement (Factory Card Outlet Corp)
Authorization and Action. Each Lender Party (in its capacities as a Lender and the Issuing Bank (if applicable)) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement), and such instructions shall be binding upon all Lenders Lender Parties and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender Party prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Credit Agreement (Genuity Inc)
Authorization and Action. Each Lender hereby appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the Administrative Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement the Loan Documents (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Administrative Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Administrative Agent shall not be required to take any action that exposes the Administrative Agent to personal liability or that is contrary to this Agreement or applicable law. The Administrative Agent agrees to give to each Lender prompt notice 93 89 of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Authorization and Action. Each Lender Bank (in its capacity as a ------------------------ Bank) hereby appoints and authorizes the each Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the such Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (includingthe Loan Documents, without limitation, enforcement or collection of the Revolving Credit Advances), the no Agent shall not be required to exercise any discretion or take any action, but shall be required to act (in the case of the Administrative Agent) or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (Banks or all of the Lenders to the extent required by the terms of this Agreement)Banks where unanimity is required, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesBanks; provided, -------- however, that the no Agent shall not be required to take any action that exposes the such ------- Agent to personal liability or that is contrary to this Agreement or applicable law. The Administrative Agent agrees to give to each Lender Bank prompt notice of each notice given to it by the Borrower any Account Party pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Reimbursement Agreement (Ace LTD)
Authorization and Action. Each Lender hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit Advancesany Notes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all such other number or percentage of Lenders as shall be necessary under the Lenders to the extent required by the terms of this Agreementcircumstances as provided in Section 8.01), and such instructions shall be binding upon all Lenders and all holders of Revolving Credit Advancesany Notes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Sources: Credit Agreement (Interpublic Group of Companies, Inc.)
Authorization and Action. Each Lender Party hereby appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the Administrative Agent by the terms hereofhereof and thereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement the Loan Documents (including, without limitation, including enforcement or collection of the Revolving Credit AdvancesNotes), the Administrative Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders Lender Parties and all holders of Revolving Credit AdvancesNotes; provided, however, that the Administrative Agent shall not be required to take any action that exposes the Administrative Agent to personal liability or that is contrary to this Agreement or applicable lawApplicable Law. The Administrative Agent agrees to give to each Lender Party prompt notice of each notice given to it by the Borrower or any other Person pursuant to the terms of this AgreementAgreement or any other Loan Documents.
Appears in 1 contract
Authorization and Action. Each Lender hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesIndebtedness resulting from the Drawings), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of all the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement), and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesLenders; providedPROVIDED, however, that the Agent shall not be required to take any action that which exposes the Agent to personal liability or that which is contrary contrary, in the Agent's opinion, to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract
Authorization and Action. Each Lender (in its capacities as a Lender and Issuing Bank, as applicable) hereby appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Revolving Credit AdvancesNotes), the Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or all of the Lenders to the extent required by the terms of this Agreement)Lenders, and such instructions shall be binding upon all Lenders and all holders of Revolving Credit AdvancesNotes; provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of each notice or report given to it by the Borrower pursuant to the terms of this Agreement.
Appears in 1 contract