Common use of Certain Rights of Agent Clause in Contracts

Certain Rights of Agent. Agent may request instructions from the Required Lenders at any time. If Agent requests instructions from the Required Lenders with respect to any action or inaction, it shall be entitled to await instructions from the Required Lenders. No Lender shall have any right of action based upon Agent’s action or inaction in response to instructions from the Required Lenders.

Appears in 15 contracts

Sources: Credit Agreement (Navan, Inc.), Credit Agreement (GAN LTD), Credit Agreement (Adit EdTech Acquisition Corp.)

Certain Rights of Agent. The Agent may request instructions from the Required Lenders at any time. If Agent requests instructions from the Required Lenders with respect to any action or inaction, it shall be entitled to await instructions from the Required Lenders. No Lender shall have any right of action based upon Agent’s action or inaction in response to instructions from the Required Lenders.

Appears in 4 contracts

Sources: Credit Agreement (Team Inc), Credit Agreement (Team Inc), Credit Agreement (Team Inc)

Certain Rights of Agent. Agent may request instructions from the Required Lenders at any time. If Agent requests instructions from the Required Lenders with respect to any action or inaction, it shall be entitled to await instructions from the Required Lenders, accompanied by indemnity satisfactory to Agent. No Lender shall have any right of action based upon Agent’s action or inaction in response to instructions from the Required Lenders.

Appears in 3 contracts

Sources: Unsecured Term Loan Credit Agreement (Corre Horizon Fund, Lp), Unsecured Term Loan Credit Agreement (Team Inc), Unsecured Term Loan Credit Agreement (Team Inc)

Certain Rights of Agent. Agent may request instructions from the Required Lenders at any time. If Agent requests instructions from the Required Lenders with respect to any action or inaction, it shall be entitled to await instructions from the Required Lenders. No Lender shall have any right of action based upon Agent’s 's action or inaction in response to instructions from the Required Lenders.

Appears in 1 contract

Sources: Credit Agreement (Team Inc)