INSTRUCTION IN THE EVENT OF INSOLVENCY. Where an Insolvency Event occurs in relation to the Client, the Client shall ensure new Authorised Representatives are appointed to give Instructions where relevant. For the avoidance of doubt where there is no Authorised Representative, the Custodian will have sole discretion without liability (except where prevented by law) over whether to act on any Instruction.
INSTRUCTION IN THE EVENT OF INSOLVENCY. Where an Insolvency Event occurs in relation to MSPEA or the Sponsor, such Party shall ensure new authorised signatories are appointed to give instructions where relevant. For the avoidance of doubt where there is no authorized representatives, the Escrow Agent will have sole discretion without liability (except where prevented by law) over whether to act on any instruction.