Common use of Effect on Directors and Officers of the Deed Company Clause in Contracts

Effect on Directors and Officers of the Deed Company. (a) Subject to Clause 5.4(b), during the Deed Period, unless authorised in writing by the Deed Administrators, the Directors and Officers of the Deed Company cannot perform or exercise, and must not purport to perform or exercise, a function or power as an Officer of the Deed Company. (b) During the Deed Period, the Directors must: (i) cooperate with and assist the Administrators, the LTD Administrators, the Deed Administrators, and the LTD Deed Administrators in the performance by the Administrators, the LTD Administrators, the Deed Administrators and the LTD Deed Administrators of their obligations under this Deed, the LTD DOCA, and the Restructuring Documents (as applicable); (ii) carry out and perform such operations, functions, powers and other matters as may be delegated to them by the Administrators, the LTD Administrators, the Deed Administrators and the LTD Deed Administrators; and (iii) perform their obligations pursuant to the Deed.