Right to Instruct Collateral Agent. Upon Acceleration under a Credit Facility, the Required Lenders may instruct the Collateral Agent to liquidate all or any portion of the Collateral, and to take any other action, in the manner, and upon the terms and conditions, described in the Security Documents.
Appears in 2 contracts
Samples: Intercreditor Agreement (Lennox International Inc), Revolving Credit Facility Agreement (Lennox International Inc)
Right to Instruct Collateral Agent. Upon an Event of Default, Acceleration under a Credit Facilityor Bankruptcy Event, the Required Lenders may instruct the Collateral Agent to liquidate all or any portion of the Collateral, and to take any other action, Collateral in the manner, and upon the terms and conditions, manner described in the Security Documents.
Appears in 2 contracts
Samples: Intercreditor and Collateral Agency Agreement, Intercreditor and Collateral Agency Agreement (Butler Manufacturing Co)
Right to Instruct Collateral Agent. Upon Acceleration under a Credit Facility, the Required Lenders Determining Secured Parties may instruct the Collateral Agent to liquidate all or any portion of the Collateral, and to take any other action, Collateral in the manner, and upon the terms and conditions, manner described in the Security Documents.
Appears in 1 contract
Samples: Credit Agreement (Global Industrial Technologies Inc)
