Enforcement Proposal definition

Enforcement Proposal has the meaning ascribed to such term in Clause 12.2(a) (Consultation).

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Enforcement Proposal has the meaning given to that expression in Clause 13.4 (Enforcement Instructions – Consultation Periods).

Examples of Enforcement Proposal in a sentence

• If any Representative wishes to issue Enforcement Instructions in accordance with paragraph (d) of Clause 11.1 (Enforcement Actions and Enforcement Instructions), such Representative shall deliver a copy of those proposed Enforcement Instructions (an “Enforcement Proposal”) to the Security Agent and the Security Agent shall promptly forward such Enforcement Proposal to the other Representatives.

• If either the Super Senior Creditors or the Senior Creditors wish to issue instructions for enforcement, their Representative (as the case may be) shall deliver a copy of those proposed enforcement instructions (an “Enforcement Proposal”) to the Security Agent and the Security Agent shall promptly forward such Enforcement Proposal to the each other Representative.

• Following an Enforcement Proposal and subject to, inter alia, paragraphs (a) and (b) below, the Security Agent will act in accordance with enforcement instructions received from the Senior Creditors.

• If any Representative wishes to issue Enforcement Instructions in accordance with paragraph (d) of Clause 12.1 (Enforcement Actions and Enforcement Instructions), such Representative shall deliver a copy of those proposed Enforcement Instructions (an “Enforcement Proposal”) to the Security Agent and the Security Agent shall promptly forward such Enforcement Proposal to the other Representatives.