Agent’s directions Clause Samples

Agent’s directions. Subject to the terms of this Agreement and the other Transaction Documents, the Security Trustee will take any Enforcement Action in relation to the Collateral (or refrain from doing so) as directed by the Agent (acting on the instructions of the Majority Lenders). At all times after the direction to commence Enforcement Action in relation to the Collateral has been issued and subject to the terms of this Agreement and the Transaction Documents, the Security Trustee will act on the directions of the Agent (acting on the instructions of the Majority Lenders), who shall be entitled to give directions and do any other things in relation to the enforcement of the Collateral (including in connection with but not limited to, the disposal, collection or realization of assets subject to the Collateral) that it considers appropriate including (without limitation) determining the timing and manner of any Enforcement Action against any particular person or asset provided however, that no such Enforcement Action shall be taken unless an Event of Default is continuing.

Agent’s directions. Following the occurrence of an Enforcement Event, the Security Trustee will, subject to the terms of this Deed enforce the Collateral and undertake Enforcement Action (or refrain from doing so) as directed by the Agent. At all times after the request to commence enforcement has been issued and subject to the terms of this Deed, the Security Trustee will act on the directions of the Agent who shall be entitled to give directions and do any other things in relation to the enforcement of the Collateral (including in connection with but not limited to, the disposal, collection or realisation of assets subject to the Collateral) that it considers appropriate including (without limitation) determining the timing and manner of any Enforcement Action against any particular person or asset.