Common use of Enforcement Instructions Clause in Contracts

Enforcement Instructions. a) The Security Agent may refrain from enforcing the Transaction Security or taking any other action as to Enforcement unless instructed otherwise by the Instructing Group in accordance with Clause 12.2 (Instructions to enforce). b) Subject to Clause 12.2 (Instructions to enforce), the Instructing Group may give or refrain from giving instructions to the Security Agent to take action as to Enforcement in accordance with the Enforcement Principles as they see fit by way of the issuance of Enforcement Instructions. c) The Security Agent is entitled to rely on and comply with instructions given in accordance with this Clause 12.3.

Appears in 1 contract

Samples: Intercreditor Agreement

AutoNDA by SimpleDocs

Enforcement Instructions. (a) The Security Agent may refrain from enforcing the Transaction Security or taking any other action as to Enforcement unless instructed otherwise by the Instructing Group in accordance with Clause 12.2 ‎12.1 (Instructions to enforce). (b) Subject to Clause 12.2 12.1 (Instructions to enforce), the Instructing Group may give or refrain from giving instructions to the Security Agent to take action as to Enforcement in accordance with the Enforcement Principles as they see fit by way of the issuance of Enforcement Instructions. (c) The Security Agent is entitled to rely on and comply with instructions given in accordance with this Clause 12.3‎12.2.

Appears in 1 contract

Samples: Intercreditor Agreement (Tidewater Inc)

Enforcement Instructions. (a) The Security Agent may refrain from enforcing the Transaction Security or taking any other action as to Enforcement unless instructed otherwise by the Instructing Group in accordance with Clause 12.2 ‎13.2 (Instructions to enforce). (b) Subject to Clause 12.2 13.2 (Instructions to enforce), the Instructing Group may give or refrain from giving instructions to the Security Agent to take action as to Enforcement in accordance with the Enforcement Principles as they see fit by way of the issuance of Enforcement Instructions. (c) The Security Agent is entitled to rely on and comply with instructions given in accordance with this Clause 12.3‎13.3.

Appears in 1 contract

Samples: Intercreditor Agreement (Ferroglobe PLC)

Enforcement Instructions. (a) The Security Agent may refrain from enforcing the Transaction Security or taking any other action as to Enforcement unless instructed otherwise by the an Instructing Group in accordance with Clause 12.2 13.2 (Instructions to enforce). (b) Subject to Clause 12.2 13.2 (Instructions to enforce), the an Instructing Group may give or refrain from giving instructions to the Security Agent to take action as to Enforcement in accordance with the Enforcement Principles as they see fit by way of the issuance of Enforcement Instructions. (c) The Security Agent is entitled to rely on and comply with instructions given in accordance with this Clause 12.313.3.

Appears in 1 contract

Samples: Intercreditor Agreement

AutoNDA by SimpleDocs

Enforcement Instructions. (a) The Security Agent may refrain from enforcing the Transaction Security or taking any other action as to Enforcement unless instructed otherwise by the an Instructing Group in accordance with Clause 12.2 (Instructions to enforce)Group. (b) Subject to Clause 12.2 (Instructions to enforce)the Transaction Security having become enforceable in accordance with its terms, the an Instructing Group may give or refrain from giving instructions to the Security Agent to take action as to Enforcement in accordance with enforce or refrain from enforcing the Enforcement Principles Transaction Security as they see fit by way of the issuance of Enforcement Instructionsfit. (c) The Security Agent is entitled to rely on and comply with instructions given in accordance with this Clause 12.310.2.

Appears in 1 contract

Samples: Intercreditor Agreement

Enforcement Instructions. (a) The Security Agent may refrain from enforcing the Transaction Security or taking any other action as to Enforcement unless instructed otherwise by the Instructing Group in accordance with Clause 12.2 (Instructions to enforce)Group. (b) Subject to Clause 12.2 (Instructions to enforce)the Transaction Security having become enforceable in accordance with its terms, the Instructing Group may give or refrain from giving instructions to the Security Agent to take action as to Enforcement in accordance with enforce or refrain from enforcing the Enforcement Principles Transaction Security as they see fit by way of the issuance of Enforcement Instructionsfit. (c) The Security Agent is entitled to rely on and comply with instructions given in accordance with this Clause 12.39.1.

Appears in 1 contract

Samples: Intercreditor Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!