Common use of Discretion in Enforcement of Parity Liens Clause in Contracts

Discretion in Enforcement of Parity Liens. (a) Subject to Section 3.3, in exercising rights and remedies with respect to the Collateral, the Parity Lien Representatives may enforce (or refrain from enforcing) or instruct the Collateral Trustee to enforce the provisions of the Parity Lien Documents and exercise (or refrain from exercising) or instruct the Collateral Trustee to exercise remedies thereunder or any such rights and remedies, all in such order and in such manner as they may determine in the exercise of their sole and exclusive discretion, including:

Appears in 6 contracts

Samples: Collateral Trust Agreement (Energy Future Intermediate Holding CO LLC), Collateral Trust Agreement (EFIH Finance Inc.), Collateral Trust Agreement (Energy Future Intermediate Holding CO LLC)

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Discretion in Enforcement of Parity Liens. (a) Subject to Section 3.3Sections 3.2 and 7.6, in exercising rights and remedies with respect to the Collateral, at any time prior to a Discharge of Parity Lien Obligations the Parity Lien Representatives Secured Parties may enforce (or refrain from enforcing) or instruct the Collateral Trustee to enforce the provisions of the Parity Lien Documents and exercise (or refrain from exercising) or instruct the Collateral Trustee to exercise remedies thereunder or any such rights and remedies, all in such order and in such manner as they may determine in the exercise of their sole and exclusive discretion, including:

Appears in 1 contract

Samples: Collateral Trust Agreement (Harland Clarke Holdings Corp)

Discretion in Enforcement of Parity Liens. (a) Subject to Section 3.3, in In exercising rights and remedies with respect to the Collateral, the Parity Lien Representatives may enforce (or refrain from enforcing) or instruct the Collateral Trustee to enforce (or refrain from enforcing) the provisions of the Parity Lien Documents and exercise (or refrain from exercising) or instruct the Collateral Trustee to exercise (or refrain from exercising) remedies thereunder or any such rights and remedies, all in such order and in such manner as they may determine in the exercise of their sole and exclusive discretion, including:

Appears in 1 contract

Samples: Collateral Trust Agreement (Leap Wireless International Inc)

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Discretion in Enforcement of Parity Liens. (a) Subject to Section 3.3, in In exercising rights and remedies with respect to the Collateral, the Parity Lien Representatives may enforce (or refrain from enforcing) or instruct the Collateral Trustee to enforce the provisions of the Parity Lien Documents and exercise (or refrain from exercising) or instruct the Collateral Trustee to exercise remedies thereunder or any such rights and remedies, all in such order and in such manner as they may determine in the exercise of their sole and exclusive discretion, including:

Appears in 1 contract

Samples: Collateral Trust Agreement (Cheniere Energy Inc)

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