Common use of Permitted Enforcement: Intra-Group Lenders Clause in Contracts

Permitted Enforcement: Intra-Group Lenders. After the occurrence of an Insolvency Event in relation to any Group Company, each Intra-Group Lender may (unless otherwise directed by the Security Agent or unless the Security Agent has taken, or has given notice that it intends to take, action on behalf of that Intra-Group Lender in accordance with Clause 9.5 (Filing of claims)), exercise any right it may otherwise have against that Group Company to: (a) accelerate any of that Group Company's Intra-Group Liabilities or declare them prematurely due and payable or payable on demand; (b) make a demand under any guarantee, indemnity or other assurance against loss given by that Group Company in respect of any Intra-Group Liabilities; (c) exercise any right of set-off or take or receive any Payment in respect of any Intra-Group Liabilities of that Group Company; or (d) claim and prove in the liquidation of that Group Company for the Intra-Group Liabilities owing to it.

Permitted Enforcement: Intra-Group Lenders. After the occurrence of an Insolvency Event in relation to any Group Companymember of the Group, each Intra-Group Lender may (unless otherwise directed by the Security Agent or unless the Security Agent has taken, or has given notice that it intends to take, action on behalf of that Intra-Group Lender in accordance with Clause 9.5 (Filing of claims)), exercise any right it may otherwise have against that member of the Group Company to: (a) accelerate any of that Group Company's member of the Group’s Intra-Group Liabilities or declare them prematurely due and payable or payable on demand; (b) make a demand under any guarantee, indemnity or other assurance against loss given by that member of the Group Company in respect of any Intra-Group Liabilities; (c) exercise any right of set-off or take or receive any Payment in respect of any Intra-Group Liabilities of that Group Companymember of the Group; or (d) claim and prove in the liquidation any insolvency process of that member of the Group Company for the Intra-Group Liabilities owing to it.

Permitted Enforcement: Intra-Group Lenders. After the occurrence of an Insolvency Event in relation to a Debtor, any Group Company, each Intra-Group Lender may (unless otherwise directed by the Security Agent or unless the Security Agent has taken, or has given notice that it intends to take, action on behalf of that Intra-the Intra- Group Lender in accordance with Clause 9.5 7.5 (Filing of claims)), exercise any right it may otherwise have against that Group Company Debtor to: (a) accelerate any of that Group Companythe Debtor's Intra-Group Liabilities or declare them prematurely due and payable or payable on demand; (b) make a demand under any guarantee, indemnity or other assurance against loss given by that Group Company the Debtor in respect of any Intra-Group Liabilities; (c) exercise any right of set-off or take or receive any Payment in respect of any Intra-Group Liabilities of that Group Companythe Debtor; or (d) claim and prove in the liquidation of that Group Company the Debtors for the Intra-Group Liabilities owing to it.

Permitted Enforcement: Intra-Group Lenders. After the occurrence of an Insolvency Event in relation to any Group Company, each Intra-Intra- Group Lender may (unless otherwise directed by the Security Agent or unless the Security Agent has taken, or has given notice that it intends to take, action on behalf of that Intra-Group Lender in accordance with Clause 9.5 (Filing of claims)), exercise any right it may otherwise have against that Group Company to: (a) accelerate any of that Group Company's ’s Intra-Group Liabilities or declare them prematurely due and payable or payable on demand; (b) make a demand under any guarantee, indemnity or other assurance against loss given by that Group Company in respect of any Intra-Group Liabilities; (c) exercise any right of set-off or take or receive any Payment in respect of any Intra-Intra- Group Liabilities of that Group Company; or (d) claim and prove in the liquidation of that Group Company for the Intra-Group Liabilities owing to it.

Permitted Enforcement: Intra-Group Lenders. ‌ After the occurrence of an Insolvency Event in relation to any Group Companymember of the Group, each Intra-Group Lender may (unless otherwise directed by the Security Agent or unless the Security Agent has taken, or has given notice that it intends to take, action on behalf of that Intra-Group Lender in accordance with Clause 9.5 7.5 (Filing of claims)), exercise any right it may otherwise have against that member of the Group Company to: (a) accelerate any of that Group Company's member of the Group’s Intra-Group Liabilities or declare them prematurely due and payable or payable on demand; (b) make a demand under any guarantee, indemnity or other assurance against loss given by that member of the Group Company in respect of any Intra-Group Liabilities; (c) exercise any right of set-off or take or receive any Payment in respect of any Intra-Intra- Group Liabilities of that Group Companymember of the Group; or (d) claim and prove in the liquidation or administration of that member of the Group Company for the Intra-Group Liabilities owing to it.

Permitted Enforcement: Intra-Group Lenders. After the occurrence of an Insolvency Event in relation to any Group CompanyDebtor, each Intra-Group Lender may (unless otherwise directed by the Security Agent Collateral Trustee or unless the Security Agent Collateral Trustee has taken, or has given notice that it intends to take, action on behalf of that Intra-Group Lender in accordance with Clause 9.5 paragraph (Filing of claims)), h) below) exercise any right it may otherwise have against that Group Company Debtor to: (ai) accelerate any of that Group Company's Xxxxxx’s Intra-Group Liabilities or declare them prematurely due and payable or payable on demand; (bii) make a demand under any guarantee, indemnity or other assurance against loss given by that Group Company Debtor in respect of any Intra-Group Liabilities; (ciii) exercise any right of set-off or take or receive any Payment in respect of any Intra-Group Liabilities of that Group CompanyDebtor; or (div) claim and prove in the liquidation any insolvency process of that Group Company Debtor for the Intra-Group Liabilities owing to it.

Permitted Enforcement: Intra-Group Lenders. After the occurrence of an Insolvency Event in relation to any Group Company, each Intra-Group Lender may (unless otherwise directed by the Security Agent or unless the Security Agent has taken, or has given notice that it intends to take, action on behalf of that Intra-Group Lender in accordance with Clause 9.5 (Filing of claims)), exercise any right it may otherwise have against that Group Company to: (a) accelerate any of that Group Company's ’s Intra-Group Liabilities or declare them prematurely due and payable or payable on demand; (b) make a demand under any guarantee, indemnity or other assurance against loss given by that Group Company in respect of any Intra-Group Liabilities; (c) exercise any right of set-off or take or receive any Payment in respect of any Intra-Group Liabilities of that Group Company; or (d) claim and prove in the liquidation of that Group Company for the Intra-Group Liabilities owing to it.

Permitted Enforcement: Intra-Group Lenders. After the occurrence of an Insolvency Event in relation to any Group Companya Debtor, each Intra-Group Lender may (unless otherwise directed by the Security Agent or unless the Security Agent has taken, or has given notice that it intends to take, action on behalf of that Intra-Group Lender in accordance with Clause 9.5 7.5 (Filing of claims)), ) exercise any right it may otherwise have against that Group Company Debtor to: (a) accelerate any of that Group Company's Xxxxxx’s Intra-Group Liabilities or declare them prematurely due and payable or payable on demand; (b) make a demand under any guarantee, indemnity or other assurance against loss given by that Group Company Debtor in respect of any Intra-Group Liabilities; (c) exercise any right of set-off or take or receive any Payment in respect of any Intra-Intra- Group Liabilities of that Group CompanyDebtor; or (d) claim and prove in the liquidation of that Group Company Debtor for the Intra-Group Liabilities owing to it.