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

Permitted Enforcement: Intra-Group Lenders. Prior to the Senior Discharge Date and after the occurrence of an Insolvency Event, each Intra-Group Lender may only (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 9.4 (Filing of claims)), exercise any right it may otherwise have against that member of the Group to: (a) accelerate any of that 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 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 member of the Group; or (d) claim and prove in the liquidation of that member of the Group for the Intra-Group Liabilities owing to it.

Permitted Enforcement: Intra-Group Lenders. Prior to the Senior Discharge Date and after After the occurrence of an Insolvency EventEvent in relation to any member of the Group, each Intra-Group Lender may only (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 9.4 10.5 (Filing of claims)), exercise any right it may otherwise have against that member of the Group to: (a) accelerate any of that 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 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 member of the Group; or (d) claim and prove in the liquidation of that member of the Group for the Intra-Group Liabilities owing to it.

Permitted Enforcement: Intra-Group Lenders. Prior to the Senior Discharge Date and after After the occurrence of an Insolvency EventEvent in relation to any member of the Group, each Intra-Group Lender may only (unless otherwise directed by the Common Security Agent or unless the Common 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 9.4 14.5 (Filing of claimsClaims)), exercise any right it may otherwise have against that member of the Group to: (a) accelerate any of that 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 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 Intra‑Group Liabilities of that member of the Group; or (d) claim and prove in the liquidation liquidation, administration or other insolvency proceedings of that member of the Group for the Intra-Group Liabilities owing to it.