Common use of Manner of enforcement Clause in Contracts

Manner of enforcement. If the Transaction Security is being enforced pursuant to Clause 7.1 (Enforcement Instructions), the Collateral Agent shall enforce the Transaction Security in such manner (including, without limitation, the selection of any administrator (or any analogous officer in any jurisdiction) of any Debtor to be appointed by the Collateral Agent) as the Instructing Group shall instruct, or, in the absence of any such instructions, as the Collateral Agent considers in its discretion to be appropriate.

Appears in 2 contracts

Samples: Intercreditor Agreement (Selina Hospitality PLC), Intercreditor Agreement (Selina Hospitality PLC)

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Manner of enforcement. If the Transaction Security is being enforced pursuant to Clause 7.1 9.1 (Enforcement Instructions), the Collateral Security Agent shall enforce the Transaction Security in such manner (including, without limitation, the selection of any administrator (or any analogous officer in any jurisdiction) of any Debtor to be appointed by the Collateral Security Agent) as the Instructing Group shall instruct, instruct in writing or, in the absence of any such instructions, as the Collateral Security Agent considers in its discretion to be appropriate.

Appears in 2 contracts

Samples: Intercreditor Agreement (LumiraDx LTD), Intercreditor Agreement (LumiraDx LTD)

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