Instructions from Creditors. If any Creditor does not respond in a timely manner to any notice from the Collateral Agent or request for instructions within the time period specified by the Collateral Agent in a Notice of Default or request for instructions, the Senior Secured Obligations held by such Creditor shall be deemed to have voted against any action set forth in such notice or request for instructions.
Appears in 2 contracts
Samples: Intercreditor and Collateral Agency Agreement (Spartech Corp), Intercreditor and Collateral Agency Agreement (Spartech Corp)
Instructions from Creditors. If any Creditor does not respond in a timely manner to any notice from the Collateral Agent or request for instructions within the time period specified by the Collateral Agent in a Notice of Default or request for instructionsinstructions (which shall be a minimum of 10 Business Days), the Senior Secured Obligations held by such Creditor shall be deemed to have voted against any action set forth in such notice or request for instructions.
Appears in 2 contracts
Samples: Note Purchase Agreement (Essential Utilities, Inc.), Note Purchase Agreement (Macquarie Infrastructure CO LLC)
