Filing of Claims. After the occurrence of an Insolvency Event in relation to any member of the Group, each Creditor irrevocably authorises the Security Agent, on its behalf, to: (a) take any Enforcement Action (in accordance with the terms of this Agreement) against that member of the Group; (b) demand, xxx, prove and give receipt for any or all of that member of the Group’s Liabilities; (c) collect and receive all distributions on, or on account of, any or all of that member of the Group’s Liabilities; and (d) file claims, take proceedings and do all other things the Security Agent considers reasonably necessary to recover that member of the Group’s Liabilities.
Appears in 2 contracts
Samples: Intercreditor Agreement (LumiraDx LTD), Intercreditor Agreement (LumiraDx LTD)
Filing of Claims. After the occurrence of an Insolvency Event in relation to any member of the Group, each Creditor irrevocably authorises the Security AgentAgent (without obligation), on its behalf, to:
(a) take any Enforcement Action (in accordance with the terms of this Agreement) against that member of the Group;
(b) demand, xxx, prove and give receipt for any or all of that member of the Group’s Liabilities;
(c) collect and receive all distributions on, or on account of, any or all of that member of the Group’s Liabilities; and
(d) file claims, take proceedings and do all other things the Security Agent considers reasonably necessary to recover that member of the Group’s Liabilities.
Appears in 2 contracts
Samples: Intercreditor Agreement (Global Ship Lease, Inc.), Intercreditor Agreement (Global Ship Lease, Inc.)
Filing of Claims. After the occurrence of an Insolvency Event in relation to any member of the Group, each Creditor irrevocably authorises the Security Agent, on its behalf, to:
(a) take any Enforcement Action (in accordance with the terms of this Agreement) against that member of the Group;
(b) demand, xxx, prove and give receipt for any or all of that member of the Group’s 's Liabilities;
(c) collect and receive all distributions on, or on account of, any or all of that member of the Group’s 's Liabilities; and
(d) file claims, take proceedings and do all other things the Security Agent considers reasonably necessary to recover that member of the Group’s 's Liabilities.
Appears in 1 contract
Samples: Intercreditor Agreement
Filing of Claims. After the occurrence of an Insolvency Event in relation to any member of the Group, each Creditor irrevocably authorises authorizes the Security AgentAgent (acting in accordance with Section 10.6), on its behalf, to:
: (a) take any Enforcement Action (in accordance with the terms of this Agreement) against that member of the Group;
; (b) demand, xxx, prove and give receipt for any or all of that member of the Group’s Liabilities;
Obligations; (c) collect and receive all distributions on, or on account of, any or all of that member of the Group’s LiabilitiesObligations; and
and (d) file claims, take proceedings and do all other things the Security Agent considers reasonably necessary to recover that member of the Group’s LiabilitiesObligations.
Appears in 1 contract
Samples: Intercreditor Agreement (Nord Anglia Education, Inc.)
Filing of Claims. After the occurrence of an Insolvency Event in relation to any member of the Group, each Creditor irrevocably authorises the Security Agent, on its behalf, to:
(a) take any Enforcement Action (in accordance with the terms of this Agreement) against that member of the Group;
(b) demand, xxx, prove and give receipt for any or all of that member of the Group’s 's Liabilities;
(c) collect and receive all distributions on, or on account of, any or all of that member of the Group’s 's Liabilities; and
(d) file claims, take proceedings and do all other things the Security Agent considers reasonably necessary to recover that member of the Group’s 's Liabilities.
Appears in 1 contract
Samples: Intercreditor Agreement
Filing of Claims. After the occurrence of an Insolvency Event in relation to any member of the Group, each Creditor irrevocably authorises the Security Agent, on its behalf, to:
(a) take any Enforcement Action (against that member of the Group in accordance with the terms of this Agreement) against that member of the Group;
(b) demand, xxx, prove and give receipt for any or all of that member of the Group’s 's Liabilities;
(c) collect and receive all distributions on, or on account of, any or all of that member of the Group’s 's Liabilities; and
(d) file claims, take proceedings and do all other things the Security Agent considers reasonably necessary to recover that member of the Group’s 's Liabilities.
Appears in 1 contract
Samples: Intercreditor Agreement