Common use of Coordination with Secured Parties Clause in Contracts

Coordination with Secured Parties. To the extent requested to do so by any Secured Party, the Collateral Agent will promptly notify such Secured Party of each notice or other communication received by the Collateral Agent hereunder and/or deliver a copy thereof to such Secured Party. As to any matters not expressly provided for herein (including (i) the timing and methods of realization upon the Collateral and (ii) the exercise of any power that the Collateral Agent may, but is not expressly required to, exercise under any Security Document), the Collateral Agent shall act or refrain from acting in accordance with written instructions from the Required Lenders or, in the absence of such instructions, in accordance with its discretion (subject to the following provisions of this Section).

Appears in 10 contracts

Samples: Borrower Security Agreement (United States Steel Corp), Subsidiary Security Agreement (United States Steel Corp), Borrower Canadian Security Agreement (United States Steel Corp)

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