Common use of Application for Instructions from the Company Clause in Contracts

Application for Instructions from the Company. Any application by the Trustee or the Second Lien Collateral Trustee for written instructions from the Company may, at the option of the Trustee or the Second Lien Collateral Trustee, as applicable, set forth in writing any action proposed to be taken or omitted by the Trustee or the Second Lien Collateral Trustee under this Indenture or the Security Documents and the date on and/or after which such action shall be taken or such omission shall be effective. Neither the Trustee nor the Second Lien Collateral Trustee shall be liable for any action taken by, or omission of, the Trustee or the Second Lien Collateral Trustee in accordance with a proposal included in such application on or after the date specified in such application (which date shall not be less than five (5) Business Days after the date any Officer of the Company actually receives such application, unless any such Officer shall have consented in writing to any earlier date) unless prior to taking any such action (or the effective date in the case of an omission), the Trustee and the Second Lien Collateral Trustee, as applicable, shall have received written instructions in response to such application specifying the action to be taken or omitted. ARTICLE EIGHT

Appears in 2 contracts

Samples: Indenture (Geo Group Inc), Indenture (Geo Group Inc)

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Application for Instructions from the Company. Any application by the Trustee or each of the Second Lien Trustees or the Collateral Trustee Agent for written instructions from the Company may, at the option of the Trustee Second Lien Trustees or the Second Lien Collateral TrusteeAgent, as applicable, set forth in writing any action proposed to be taken or omitted by the Trustee Second Lien Trustees or the Collateral Agent under this Second Lien Indenture or the Second Lien Collateral Trustee under this Indenture or the Security Documents and the date on and/or after which such action shall be taken or such omission shall be effective. Neither the Trustee Second Lien Trustees nor the Second Lien Collateral Trustee Agent shall be liable for any action taken by, or omission of, the Trustee Second Lien Trustees or the Second Lien Collateral Trustee Agent in accordance with a proposal included in such application on or after the date specified in such application (which date shall not be less than five (5) Business Days after the date any Officer of the Company actually receives such application, unless any such Officer shall have consented in writing to any earlier date) unless prior to taking any such action (or the effective date in the case of an omission), the Trustee Second Lien Trustees and the Second Lien Collateral TrusteeAgent, as applicable, shall have received written instructions in response to such application specifying the action to be taken or omitted. ARTICLE EIGHT.

Appears in 1 contract

Samples: Bed Bath & Beyond Canada L.P.

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Application for Instructions from the Company. Any application by the Third Lien Trustee or the Second Lien Collateral Trustee Agent for written instructions from the Company may, at the option of the Third Lien Trustee or the Second Lien Collateral TrusteeAgent, as applicable, set forth in writing any action proposed to be taken or omitted by the Third Lien Trustee or the Second Lien Collateral Trustee Agent under this Third Lien Indenture or the Security Third Lien Documents and the date on and/or after which such action shall be taken or such omission shall be effective. Neither the Third Lien Trustee nor the Second Lien Collateral Trustee Agent shall be liable for any action taken by, or omission of, the Third Lien Trustee or the Second Lien Collateral Trustee Agent in accordance with a proposal included in such application on or after the date specified in such application (which date shall not be less than five (5) Business Days after the date any Officer of the Company actually receives such application, unless any such Officer shall have consented in writing to any earlier date) unless prior to taking any such action (or the effective date in the case of an omission), the Third Lien Trustee and the Second Lien Collateral TrusteeAgent, as applicable, shall have received written instructions in response to such application specifying the action to be taken or omitted. ARTICLE EIGHT.

Appears in 1 contract

Samples: Bed Bath & Beyond Canada L.P.

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