Directions by Individual Managers in relation to Assistance and Claims Sample Clauses

Directions by Individual Managers in relation to Assistance and Claims. The Director of Oversight Board shall prepare and request the Individual Managers execute a resolution ("Assistance or Claims Resolution") from time to time as needed, directing the Corporate Manager to make any payments set forth in Section 5.3 (c) or (d) when the Individual Manager is the engaging Manager. The Corporate Manager shall follow such direction, and shall not have any discretion to withhold any payment that is so directed, once the Corporate Manager has confirmed that the Company has sufficient funds to satisfy said obligations and once it is satisfied that the direction is in compliance with the provisions of Section 5.3(c) and (d) and Sanctions Regime, AML Laws, and Anti-Bribery Laws. In order to do so, the Corporate Manager may require the Individual Managers to make certain representations regarding the direction, including but not limited to a representation that the direction will not knowingly cause the Corporate Manager to violate an Sanctions Regime, AML Laws or Anti-Bribery Laws. Notwithstanding the foregoing or anything to the contrary herein, the Individual Managers acknowledge that as a matter of law they and the Director of Oversight Board are severally responsible for their own compliance with applicable Sanctions Regime, AML Laws, and Anti- Bribery Laws. The Individual Managers in said Assistance or Claims Resolution or in an amended Assistance or Claims Resolution may also direct the Corporate Trustee to contribute sufficient funds from the Oversight Board Trust to the Company for such purpose.
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