Instructions under the Collateral Documents Sample Clauses
The "Instructions under the Collateral Documents" clause defines how directions or instructions related to collateral are given and followed under the agreement. Typically, this clause specifies who is authorized to issue instructions regarding the handling, release, or enforcement of collateral, and may outline the process for delivering such instructions, such as requiring them to be in writing or to come from a designated party like the lender or agent. Its core practical function is to ensure that all parties understand the proper procedure for managing collateral, thereby reducing confusion and minimizing disputes over control or use of the collateral assets.
Instructions under the Collateral Documents. Directions or instructions under the Collateral Documents may be made by the Trustee acting at the written direction or with the written consent of the Holders of at least a majority in principal amount of the then Outstanding Notes issued under this Indenture.