Common use of Control by Party B Clause in Contracts

Control by Party B. Unless and until the Custodian receives written notice from Party A pursuant to Section 2.3 below instructing the Custodian that Party A is exercising its right to exclusive control over the Collateral Account (it being understood that the notice shall be in substantially the form attached hereto as Exhibit A (a “Notice of Exclusive Control”) and that the Custodian shall have a reasonable time, not longer than two (2) Business Days to act on such notice), or if all previous Notices of Exclusive Control have been revoked or rescinded in writing by Party A: (i) the Custodian shall take actions with respect to the property credited to the Collateral Account upon the instructions of the relevant Manager or the Managing Member and (ii) the Custodian shall have no responsibility or liability to Party A or Party B for actions taken in accordance with such instructions.

Control by Party B. Unless and until the Custodian receives written notice from Party A pursuant to Section 2.3 below instructing the Custodian that Party A is exercising its right to exclusive control over the Collateral Account Accounts (it being understood that the notice shall be in substantially the form attached hereto as Exhibit A (a “Notice of Exclusive Control”) and that the Custodian shall have a reasonable time, not longer than two (2) Business Days to act on such notice), or if all previous Notices of Exclusive Control have been revoked or rescinded in writing by Party A: (i) the Custodian shall take actions with respect to the property credited to the Collateral Account Accounts upon the instructions of the relevant Manager or the Managing Member and (ii) the Custodian shall have no responsibility or liability to Party A or Party B for actions taken in accordance with such instructions.

Control by Party B. Unless and until the Custodian receives written notice from Party A pursuant to Section 2.3 below instructing the Custodian that Party A is exercising its right to exclusive control over the Collateral Account Accounts (it being understood that the notice shall be in substantially the form attached hereto as Exhibit A (a “Notice of Exclusive Control”) and that the Custodian shall have a reasonable time, not longer than two (2) Business Days to act on such notice), or if all previous Notices of Exclusive Control have been revoked or rescinded in writing by Party A: (i) the Custodian shall take actions with respect to the property credited to the Collateral Account Accounts upon the instructions of the relevant Manager or the Managing Member and (ii) the Custodian shall have no responsibility or liability to Party A or Party B for actions taken in accordance with such instructions.