Security Agent instructions. For the purposes of Clause 9.1 (Distributions), Clause 9.4 (Filing of claims) and Clause 9.5 (Further assurance – Insolvency Event) the Security Agent shall act on the instructions of the Instructing Group.
Appears in 2 contracts
Samples: Intercreditor Agreement (NAC Aviation Colorado 1 LLC), Intercreditor Agreement (NAC Aviation 29 Designated Activity Co)
Security Agent instructions. For the purposes of Clause 9.1 9.2 (Distributions), ) and Clause 9.4 9.5 (Filing of claims) and Clause 9.5 (Further assurance – Insolvency Event) the Security Agent shall act act:
a) on the instructions of the Instructing Group; or
b) in the absence of any such instructions, as the Security Agent sees fit.
Appears in 1 contract
Samples: Intercreditor Agreement
Security Agent instructions. For the purposes of Clause 9.1 7.2 (Distributions), Clause 9.4 7.5 (Filing of claims) and Clause 9.5 7.6 (Further assurance – Insolvency Event) the Security Agent shall act on the instructions of the Instructing GroupMajority External Creditors or, in the absence of any such instructions, as the Security Agent sees fit.
Appears in 1 contract
Samples: Intercreditor Agreement
Security Agent instructions. For the purposes of Clause 9.1 (Distributions), ) and Clause 9.4 (Filing of claims) and Clause 9.5 (Further assurance – Insolvency Event) the Security Agent shall act act:
(a) on the instructions of the Instructing Group; or
(b) in the absence of any such instructions, as the Security Agent sees fit.
Appears in 1 contract
Security Agent instructions. For the purposes of Clause 9.1 8.2 (Distributions), Clause 9.4 8.5 (Filing of claims) and Clause 9.5 8.6 (Further assurance – Insolvency Event) the Security Agent shall act on the instructions of the Instructing Group.
Appears in 1 contract
Security Agent instructions. For the purposes of Clause 9.1 7.2 (Distributions), Clause 9.4 (Filing of claims) and Clause 9.5 7.6 (Further assurance – Assurance - Insolvency Event) the Security Agent shall act act:
(a) on the instructions of the Instructing Groupgroup of Senior Creditors entitled, at that time, to give instructions under Clause 10.2 (Enforcement Instructions) or Clause 10.3 (Manner of enforcement); or
(b) in the absence of any such instructions, as the Security Agent sees fit.
Appears in 1 contract
Samples: Intercreditor Agreement
Security Agent instructions. For the purposes of Clause 9.1 9.2 (Distributions), ) and Clause 9.4 9.5 (Filing of claims) and Clause 9.5 (Further assurance – Insolvency Event) the Security Agent shall act act:
a) on the instructions of the Instructing Group; or
b) in the absence of any such instructions, as the Security Agent sees fit.
Appears in 1 contract
Samples: Intercreditor Agreement
Security Agent instructions. For the purposes of Clause 9.1 10.2 (Distributions), Clause 9.4 10.5 (Filing of claims) and Clause 9.5 10.6 (Further assurance – Insolvency Event) the Security Agent shall act act:
(a) on the instructions of the an Instructing Group; or
(b) in the absence of any such instructions, as the Security Agent sees fit.
Appears in 1 contract
Samples: Intercreditor Agreement
Security Agent instructions. For the purposes of Clause 9.1 9.2 (Distributions), Clause 9.4 9.5 (Filing of claims) and Clause 9.5 9.6 (Further assurance – Insolvency Event) the Security Agent shall act act:
(a) on the instructions of the Instructing Group; or
(b) in the absence of any such instructions, as the Security Agent sees fit.
Appears in 1 contract
Security Agent instructions. For the purposes of Clause 9.1 7.2 (Distributions), Clause 9.4 7.5 (Filing of claims) and Clause 9.5 7.6 (Further assurance – Insolvency Event) the Security Agent shall act act:
(a) on the instructions of the an Instructing Group; or
(b) in the absence of any such instructions, as it considers in its discretion to be appropriate.
Appears in 1 contract
Samples: Intercreditor Agreement
Security Agent instructions. For the purposes of Clause 9.1 7.2 (Distributions), Clause 9.4 7.5 (Filing of claims) and Clause 9.5 7.6 (Further assurance – Insolvency Event) the Security Agent shall act on the instructions of the Instructing Group.
Appears in 1 contract