Common use of Instructions under Account Control Agreement Clause in Contracts

Instructions under Account Control Agreement. Each of the Trustee and the Collateral Agent, whichsoever is a party to any Account Control Agreement, agrees not to issue a notice of exclusive control or any other instruction under such Account Control Agreement unless an Event of Default has occurred and is continuing.

Appears in 6 contracts

Samples: Collateral Agreement (Quotient LTD), Collateral Agreement (Vickers Vantage Corp. I), Collateral Agreement (Egalet Corp)

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Instructions under Account Control Agreement. Each of the Trustee Agent and the Collateral Agent, whichsoever is a party to any Account Control Agreement, agrees not to issue a notice of exclusive control or any other instruction under such Account Control Agreement unless an Event of Default has occurred and is continuing.

Appears in 1 contract

Samples: Collateral Agreement (Egalet Corp)

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