Common use of Manner of enforcement Clause in Contracts

Manner of enforcement. If the Transaction Security is being enforced or other action as to Enforcement is being taken pursuant to Clause 25.1 (Enforcement Instructions), the Security Agent shall enforce that Transaction Security or take such other action as to Enforcement in such manner (including where applicable, without limitation, the selection of any administrator (or any analogous officer in any jurisdiction) of the Borrower to be appointed by the Security Agent) as the relevant Lenders shall instruct.

Appears in 2 contracts

Samples: Amendment and Restatement Agreement (Atlas Investissement), Facility Agreement (Atlas Investissement)

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Manner of enforcement. (a) If the Transaction Security is being enforced or other action as to Enforcement is being taken pursuant to Clause 25.1 26.1 (Enforcement Instructions), the Security Agent shall enforce that the Transaction Security or take such other action as to Enforcement in such manner (including where applicable, without limitation, the selection of any administrator (or any analogous officer in any jurisdiction) of the Borrower any Obligor to be appointed by the Security Agent) as the relevant Lenders Agent shall instructinstruct in writing. (b) The Security Agent shall not be responsible for any deduction or other withholding of Taxes or governmental charges in respect of any amount paid by the Security Agent from the proceeds of any enforcement of any Transaction Security.

Appears in 1 contract

Samples: Backstop Facility Agreement

Manner of enforcement. If the Transaction Security is being enforced or other action as to Enforcement is being taken pursuant to Clause 25.1 clause 35.1 (Enforcement Instructions), the Security Agent shall enforce that the Transaction Security or take such other action as to Enforcement in such manner (including where applicableas the Majority Lenders ​ ​ ​ shall instruct or, without limitation, in the selection absence of any administrator (or any analogous officer such instructions, as the Security Agent considers in any jurisdiction) of the Borrower its discretion to be appointed by the Security Agent) as the relevant Lenders shall instructappropriate.

Appears in 1 contract

Samples: Facility Agreement (Hoegh LNG Partners LP)

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Manner of enforcement. If the Transaction Security is being enforced or other action as to Enforcement is being taken pursuant to Clause 25.1 24.1 (Enforcement Instructions), the Security Agent shall enforce that the Transaction Security or take such other action as to Enforcement in such manner (including where applicableincluding, without limitation, the selection of any administrator (or any analogous officer in any jurisdiction) of the Borrower to be appointed by the Security Agent) as the relevant Majority Lenders shall instructinstruct or, in the absence of any such instructions, as the Security Agent sees fit.

Appears in 1 contract

Samples: Loan Note Agreement (Weather Investments II S.a.r.l.)

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