Regco Sample Clauses

Regco. The Security Agent will give prompt notice to the Bridge Agent and/or the Notes Trustee if it is instructed by the Majority Senior Creditors to enforce the Bank Security over any Ownership Interests (a Senior Enforcement). During the period from the giving of any such notice until the Security Agent ceases to use all reasonable commercial efforts to carry out the Senior Enforcement as expeditiously as reasonably practicable having regard to the circumstances (and the Security Agent will give prompt notice to the Bridge Agent and the Notes Trustee of it ceasing so to carry out the Senior Enforcement): (a) the Security Agent may not enforce the Bridge Security or the Notes Security over the Ownership Interests in a manner that would adversely affect the Senior Enforcement; and (b) no Bridge Creditor or Notes Creditor may give any instruction to the Security Agent to take any enforcement action prohibited by paragraph (a) above, provided that nothing in this Clause 8.2 shall prejudice any other rights of the Bridge Creditors or the Notes Creditors to take any enforcement action against any other Obligor and the exercise of such rights shall be deemed not to adversely affect the Senior Enforcement.
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