Certain Rights of the Collateral Agent. No Secured Creditor shall -------------------------------------- have the right to cause the Collateral Agent to take any action with respect to the Collateral, with only the Required Secured Creditors having the right to direct the Collateral Agent to take any such action. If the Collateral Agent shall request instructions from the Required Secured Creditors
Appears in 2 contracts
Sources: Increasing Rate Note Purchase and Loan Agreement (Wyndham International Inc), Credit Agreement (Wyndham International Inc)
Certain Rights of the Collateral Agent. No Secured Creditor Agent shall -------------------------------------- have the right to cause the Collateral Agent to take any action with respect to the Collateral, with only the Required Secured Creditors Lenders (as hereinafter defined) having the right to direct the Collateral Agent to take any such action. If the Collateral Agent shall request instructions from the Required Secured Creditorsright
Appears in 2 contracts
Sources: Intercreditor Agreement (Fred Meyer Inc), Intercreditor Agreement (Quality Food Centers Inc)