Common use of Further assurance – Insolvency Event Clause in Contracts

Further assurance – Insolvency Event. Each Creditor will: (a) do all things that the Intercreditor Agent or the Common Security Agent requests in order to give effect to this Clause 12; and (b) if the Intercreditor Agent or the Common Security Agent is not entitled to take any of the actions contemplated by this Clause 12 or if the Intercreditor Agent or the Common Security Agent requests that a Creditor take that action, undertake that action itself in accordance with the instructions of the Intercreditor Agent or the Common Security Agent or grant a power of attorney to the Intercreditor Agent or the Common Security Agent (on such terms as the Intercreditor Agent or the Common Security Agent may reasonably require) to enable the Intercreditor Agent or the Common Security Agent to take such action (as applicable).