Common use of Alternative Enforcement Actions Clause in Contracts

Alternative Enforcement Actions. After the Security Agent has commenced Enforcement, it shall not accept any subsequent instructions as to Enforcement (save in the case where paragraph (c) of Clause 13.2 (Instructions to enforce) applies) from anyone other than an Instructing Group that instructed it to commence such enforcement of the Transaction Security, regarding any other enforcement of the Transaction Security over or relating to shares or assets directly or indirectly the subject of the enforcement of the Transaction Security which has been commenced (and, for the avoidance of doubt, during any enforcement of the Transaction Security only paragraph (b) of the definition of Instructing Group shall be applicable in relation to any instructions given to the Security Agent by an Instructing Group under this Agreement).

Appears in 1 contract

Samples: Intercreditor Agreement

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Alternative Enforcement Actions. After the Security Agent has commenced Enforcement, it shall not accept any subsequent instructions as to Enforcement (save for any subsequent instructions in the case where accordance with paragraph (ce) of Clause 13.2 15.4 (Instructions to enforce) applies) from anyone other than an the Instructing Group that instructed it to commence such enforcement of the Transaction Security, regarding any other enforcement of the Transaction Security over or relating to shares or assets directly or indirectly the subject of the enforcement of the Transaction Security which has been commenced (and, for the avoidance of doubt, during any enforcement of the Transaction Security only paragraph (bb)(i)(B) of the definition of Instructing Group shall be applicable in relation to any instructions given to the Security Agent by an the Instructing Group under this Agreement).

Appears in 1 contract

Samples: Indenture (Amc Entertainment Holdings, Inc.)

Alternative Enforcement Actions. After the Security Agent has commenced Enforcement, it shall not accept any subsequent instructions as to Enforcement (save in the case where paragraph (cd) of Clause 13.2 12.2 (Instructions to enforce) applies) from anyone other than an the Instructing Group that instructed it to commence such enforcement of the Transaction Security, regarding any other enforcement of the Transaction Security over or relating to shares or assets directly or indirectly the subject of the enforcement of the Transaction Security which has been commenced (and, for the avoidance of doubt, during any enforcement of the Transaction Security only paragraph (b) of the definition of "Instructing Group Group" shall be applicable in relation to any instructions given to the Security Agent by an the Instructing Group under this Agreement).

Appears in 1 contract

Samples: Intercreditor Agreement

Alternative Enforcement Actions. After the Security Agent has commenced Enforcement, it shall not accept any subsequent instructions as to Enforcement (save in for instructions as to Enforcement that the case where paragraph (c) of Clause 13.2 (Instructions Second Lien Debt Creditors are entitled to enforce) appliesgive under Section 5.4) from anyone other than an the relevant Instructing Group that instructed it to commence such enforcement of the Transaction Security, regarding any other enforcement of the Transaction Security over or relating to shares or assets directly or indirectly the subject of the enforcement of the Transaction Security which has been commenced (and, for the avoidance of doubt, during any enforcement of the Transaction Security only paragraph (bii) of the definition of Instructing Group shall be applicable in relation to any instructions given to the Security Agent by an the relevant Instructing Group under this Agreement).

Appears in 1 contract

Samples: Intercreditor Agreement (Nord Anglia Education, Inc.)

Alternative Enforcement Actions. After the Security Agent has commenced Enforcement, it shall not accept any subsequent instructions as to Enforcement (save in the case where paragraph (c) of Clause 13.2 12.1 (Instructions to enforce) applies) from anyone other than an the Instructing Group that instructed it to commence such enforcement of the Transaction Security, regarding any other enforcement of the Transaction Security over or relating to shares or assets directly or indirectly the subject of the enforcement of the Transaction Security which has been commenced (and, for the avoidance of doubt, during any enforcement of the Transaction Security only paragraph (b) of the definition of "Instructing Group Group" shall be applicable in relation to any instructions given to the Security Agent by an the Instructing Group under this Agreement).

Appears in 1 contract

Samples: Intercreditor Agreement (Tidewater Inc)

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Alternative Enforcement Actions. After the Security Agent has commenced Enforcement, it shall not accept any subsequent instructions as to Enforcement (save in the case where paragraph (c) of Clause 13.2 (Instructions to enforce) applies) from anyone other than an the Instructing Group that instructed it to commence such enforcement of the Transaction Security, regarding any other enforcement of the Transaction Security over or relating to shares or assets directly or indirectly the subject of the enforcement of the Transaction Security which has been commenced (and, for the avoidance of doubt, during any enforcement of the Transaction Security only paragraph (b) of the definition of Instructing Group shall be applicable in relation to any instructions given to the Security Agent by an the Instructing Group under this Agreement).

Appears in 1 contract

Samples: Intercreditor Agreement (Ferroglobe PLC)

Alternative Enforcement Actions. After the Security Agent has commenced Enforcement, it shall not accept any subsequent instructions as to Enforcement (save in the case where paragraph (ce) of Clause 13.2 10.1 (Instructions to enforce) applies) from anyone other than an the Instructing Group that instructed it to commence such enforcement of the Transaction Security, regarding any other enforcement of the Transaction Security over or relating to shares or assets directly or indirectly the subject of the enforcement of the Transaction Security which has been commenced (and, for the avoidance of doubt, during concerning any enforcement of the Transaction Security only paragraph (b) of the definition of Instructing Group shall be applicable in relation to any instructions as to Enforcement given to the Security Agent by an the Instructing Group under this Agreement).

Appears in 1 contract

Samples: Intercreditor Agreement (Global Ship Lease, Inc.)

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