Security Agent’s Actions. For the purposes of Clause 14.1 (Facilitation of Distressed Disposals) and Clause 14.3 (Fair Value) the Security Agent shall act on the instructions of the Instructing Group.
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Samples: Intercreditor Agreement (NAC Aviation Colorado 1 LLC), Intercreditor Agreement (NAC Aviation 29 Designated Activity Co)
Security Agent’s Actions. For the purposes of Clause 14.1 (Facilitation of Distressed Disposals) and Clause 14.3 (Fair Value) 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’s Actions. For the purposes of Clause 14.1 13.1 (Facilitation of Distressed Disposals), Clause 13.3 (Fair value) and Clause 14.3 13.5 (Fair ValueNon-Cash Consideration) the Security Agent shall act on the instructions of the Instructing Group.
Appears in 1 contract
Security Agent’s Actions. For the purposes of Clause 14.1 15.1 (Facilitation of Distressed Disposals) and Clause 14.3 15.3 (Fair Value) 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’s Actions. For the purposes of Clause 14.1 12.1 (Facilitation of Distressed Disposals), Clause 12.3 (Fair value) and Clause 14.3 12.5 (Fair ValueNon-Cash Consideration) the Security Agent shall act on the instructions of the Instructing Group.
Appears in 1 contract
Security Agent’s Actions. For the purposes of Clause 14.1 (Facilitation of Distressed Disposals) and Clause 14.3 (Fair Value) 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’s Actions. For the purposes of Clause 14.1 15.1 (Facilitation of Distressed Disposals) and Clause 14.3 (Fair Value) ), 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