Decisions Relating to Exercise of Remedies. Notwithstanding anything in this Guaranty to the contrary, the Administrative Agent may exercise, and at the request of the Majority Banks shall exercise or refrain from exercising, all rights and remedies provided for herein and provided by law.
Decisions Relating to Exercise of Remedies. Notwithstanding anything in this Agreement to the contrary, as provided in the Intercreditor Agreement, Collateral Agent shall exercise, or shall refrain from exercising, any remedy provided for in this Section 11 in accordance with the instructions of Requisite Obligees (as defined in the Intercreditor Agreement) and any Other Permitted Credit Exposure Holders, the holders of any Permitted Secured Debt or any Permitted Secured Debt Representative, the holders of the Existing Holdings Senior Notes and the Existing Holdings Senior Notes Trustee; and the sole rights of the Other Permitted Credit Exposure Holders, the holders of any Permitted Secured Debt and any Permitted Secured Debt Representative with respect thereto, holders of the Existing Holdings Senior Notes and the Existing Holdings Senior Notes Trustee and their respective representatives under this Agreement shall be to be secured by the Pledged Collateral and to receive the payments provided for in Section 12 hereof.
Decisions Relating to Exercise of Remedies. (a) Notwithstanding anything to the contrary contained in this Agreement, the Credit Agreement and the other Loan Documents, any Interest Rate Protection Agreement, or the Mission Guaranty, the Pledgee may exercise, and at the request of the Majority Banks shall exercise or refrain from exercising, all rights and remedies hereunder and provided by law, which remedies are cumulative and not exclusive.
Decisions Relating to Exercise of Remedies. Notwithstanding anything in this Agreement to the contrary, as provided in the Intercreditor Agreement, the Collateral Agent shall exercise, or shall refrain from exercising any remedy provided for in Section 17(b) in accordance with the instructions of the Requisite Party (as defined in the Intercreditor Agreement) and the Secured Parties shall be bound by such instructions; and the sole rights of the Secured Parties under this Agreement shall be to be secured by the Collateral and to receive the payments provided for in Section 18 hereof.
Decisions Relating to Exercise of Remedies. Notwithstanding anything in this Agreement to the contrary, as provided in the Intercreditor Agreement, the Collateral Agent shall exercise, or shall refrain from exercising, any remedy provided for in Section 11A in accordance with the instructions of Requisite Obligees (as defined in the Intercreditor Agreement) and the Credit Agents, the Interest Rate Exchangers, the Currency Exchangers, the Foreign Lenders, the holders of the Senior Debentures and the Senior Debenture Trustee, the Commercial Paper Holders and the Commercial Paper Representatives, and the holders of the Subordinated Debt Securities and the Subordinated Debt Trustee shall be bound by such instructions; and the sole rights of the Credit Agents, the Interest Rate Exchangers, the Currency Exchangers, the Foreign Lenders, the holders of the Senior Debentures and the Senior Debenture Trustee, the Commercial Paper Holders and the Commercial Paper Representatives, and the holders of the Subordinated Debt Securities and the Subordinated Debt Trustee under this Agreement shall be to be secured by the Pledged Collateral and to receive the payments provided for in Section 12 hereof; provided, however, that if the Collateral Agent has requested instructions from any Commercial Paper Representative as to the exercise of any such remedies and such Commercial Paper Representative has not promptly responded to such request, in determining the instructions given by Requisite Obligees (as defined in the Intercreditor Agreement), the Collateral Agent shall disregard such Commercial Paper Representative and the outstanding amount of Commercial Paper in respect of which such Commercial Paper Representative is the Commercial Paper Representative.
Decisions Relating to Exercise of Remedies. Notwithstanding anything in this Indenture or any instrument governing any Permitted Lien Indebtedness to the contrary, the Collateral Agent shall exercise or shall refrain from exercising any remedy provided for in this Article XII, or otherwise pertaining to the Pledged Collateral, in accordance with the instructions of the Trustee or the appropriate agent(s) or other representative(s) of the holders of any Permitted Lien Indebtedness as follows: the Collateral Agent shall at all times follow the instructions delivered by the Trustee or the appropriate agent(s) or other representative(s) of the holders of any Permitted Lien Indebtedness on behalf of the holders of a majority in aggregate principal amount of the Secured Obligations then outstanding ("Requisite Obligees"). The Collateral Agent may at any time request directions from the Trustee and the appropriate agent(s) or other representative(s) of the holders of any Permitted Lien Indebtedness in accordance with the foregoing (through delivery of such request to the Trustee and such agent(s) or other representative(s)) with respect to any course of action or other matter relating to the Pledged Collateral or the provisions of this Article XII. Directions given by the Trustee and/or such agent(s) or other representative(s) to the Collateral Agent in accordance with the foregoing shall be in writing and shall be binding on all Holders of the Securities and holders of any Permitted Lien Indebtedness for all purposes, and the Collateral Agent shall have no liability for acting in accordance with such directions; provided, however, that (i) the Collateral Agent shall not be required to follow any such direction that is in conflict with any rule of law or with the terms of this Indenture or, except with respect to determining who may direct the Collateral Agent to act or refrain from taking action, any instrument governing any Permitted Lien Indebtedness, and (ii) the Collateral Agent may take any other action it deems proper which is not inconsistent with such direction.
Decisions Relating to Exercise of Remedies. (a) If there shall have occurred and be continuing an Event of Default, the Collateral Agent agrees to make such demands and give such notices under this Agreement as the appropriate Secured Debt Representative or Secured Debt Representatives, as the case may be, acting on behalf of the Required Secured Parties, may request in writing, and to take such action to enforce this Agreement and to foreclose upon, collect and dispose of the Collateral or any portion thereof as may be directed in writing by the appropriate Secured Debt Representative or Secured Debt Representatives, as the case may be, acting on behalf of the Required Secured Parties.
Decisions Relating to Exercise of Remedies. Notwithstanding anything in this Guarantee to the contrary, the Lenders and the Agents may exercise all rights and remedies provided for herein and provided by law.
Decisions Relating to Exercise of Remedies. AMENDMENTS, ------------------------------------------------------- NON-DISTURBANCE AGREEMENT ETC. Administrative Agent shall exercise, or shall ------------------------------ refrain from exercising, any remedy provided for in Section 10 in accordance with the instructions of Requisite Lenders or Requisite Obligees. No amendment or waiver of any provision of this Agreement nor consent to any departure by the Grantor herefrom, shall in any event be effective unless the same shall be in writing and signed by the Requisite Lenders or Requisite Obligees, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given, except as provided in Section 7, in which case the writing need only be signed by Administrative Agent. If and to the extent that Grantor is permitted to license the Collateral, at Grantor's request and expense, Administrative Agent shall enter into a non-disturbance agreement or other similar arrangement with Grantor and any licensee of any Collateral permitted hereunder in form and substance satisfactory to Administrative Agent pursuant to which (a) Administrative Agent, on behalf of Lenders and Interest Rate Exchangers, shall agree not to disturb or interfere with such licensee's rights under its license agreement with Grantor so long as such licensee is not in default thereunder and (b) such licensee shall acknowledge and agree that the Collateral licensed to it is subject to the security interest and conditional assignment created in favor of Administrative Agent on its behalf and on behalf of Lenders and Interest Rate Exchangers and the other terms of this Agreement.
Decisions Relating to Exercise of Remedies. Notwithstanding anything in this Agreement to the contrary, Collateral Agent shall exercise any remedy provided for in Section 8 in accordance with the terms of, and at the times, if any, specified in the Indenture and in accordance with instructions from the Trustee delivered at the direction of the Holders of at least a majority in principal amount of the outstanding Securities or refrain from exercising any remedy provided for in Section 8 either in the absence of instructions from the Trustee or in accordance with instructions from the Trustee delivered at the direction of the Holders of at least a majority in principal amount of the outstanding Securities.
