MANNER OF ENFORCEMENT - INSTRUCTIONS OF MAJORITY SENIOR CREDITORS. Prior to the Senior Discharge Date, if the Majority Senior Creditors (or, prior to the Junior Discharge Date, the Majority Junior Creditors if entitled to do so in accordance with the provisions of this Agreement), do instruct the Security Trustee to enforce the security conferred by the Security Documents, it shall do so (assuming the same to be enforceable) in such manner as the Majority Senior Creditors shall instruct, having regard to the interests of the Junior Creditors save where to do so could, in the opinion of the Security Trustee or the Senior Creditors (as the case may be), materially adversely affect the interests of the Senior Creditors (PROVIDED THAT the instructions of the Majority Senior Creditors are not seeking to restrain the Security Trustee from taking some action in accordance with instructions properly given to it by the Majority Junior Creditors in accordance with provisions of this Agreement permitting such instructions to be given) or, in the absence of such instructions, as it sees fit and, subject as required by applicable law and by Clause 16.5, solely having regard to the interests of the Senior Creditors and the interests of the Junior Creditors save where to do so could, in the opinion of the Security Trustee or the Senior Creditors (as the case may be), materially adversely affect the interests of the Senior Creditors. No Senior Creditor shall be responsible to the Junior Creditors (or any of the Subordinated Investors or Obligors) for any failure to enforce or (except in the case of the Security Trustee to the extent specified in Clause 16.5 or required by applicable law) to maximise the proceeds of any enforcement, and the Security Trustee, subject to any contrary instructions of the Majority Senior Creditors and without prejudice to the duties of the Security Trustee and Senior Creditors arising by operation of law, may cease any such enforcement at any time.
