Enforcement Instructions. (a) The Security Agent may refrain from enforcing the Transaction Security or instructing the Secondary Security Agent to enforce any Transaction Security held by the Secondary Security Agent unless instructed otherwise by the Majority Lenders.
Appears in 4 contracts
Samples: Facilities Agreement (StarTek, Inc.), Facilities Agreement (StarTek, Inc.), Senior Facilities Agreement (StarTek, Inc.)
Enforcement Instructions. (a) The Security Agent may refrain from enforcing the Transaction Security or instructing the Secondary Security Agent taking any other action as to enforce any Transaction Security held by the Secondary Security Agent Enforcement unless instructed otherwise by the Majority LendersInstructing Group.
Appears in 2 contracts
Samples: Intercreditor Agreement (Global Ship Lease, Inc.), Intercreditor Agreement (Global Ship Lease, Inc.)
Enforcement Instructions. (a) The Security Agent may refrain from enforcing the Transaction Security or instructing unless, subject to the Secondary Security Agent Agent’s right to enforce any Transaction Security held by the Secondary Security Agent unless indemnification, instructed otherwise by the Majority Lenders.
Appears in 1 contract
