Requisite Instructions definition

Requisite Instructions means written instructions of the Administrative Agent; provided that such instructions shall include a certification from the Administrative Agent that the action contemplated by such instructions is permitted under the applicable Security Documents (including, if, pursuant to such Security Documents, such action is permitted to be taken only during the existence of a Default or Event of Default, a certification that such Default or Event of Default exists).
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Requisite Instructions means written instructions of the Control Party; provided that such instructions shall include a certification from the Control Party that the action contemplated by such instructions is permitted under the applicable Security Documents (including, if, pursuant to such Security Documents, such action is permitted to be taken only during the existence of a Default or Event of Default, a certification that such Default or Event of Default exists).
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Requisite Instructions means the following:
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Examples of Requisite Instructions in a sentence

  • The Trustee may, subject to the provisions of clause (b) of Section 2.4, exercise the rights and powers vested in the Trustee by this Agreement and the Security Documents, and shall not be liable with respect to any action taken, or omitted to be taken, in accordance with Requisite Instructions delivered to the Trustee.

  • In the absence of any Requisite Instructions, the Collateral Agent shall have no obligation to invest or reinvest moneys.

  • The Trustee shall, in accordance with Requisite Instructions delivered to the Trustee, invest and reinvest moneys on deposit in the Collateral Account at any time in Cash Equivalent Investments.

  • The Collateral Agent shall, in accordance with Requisite Instructions delivered to the Collateral Agent, invest and reinvest moneys on deposit in the Collateral Account at any time in Cash Equivalents.

  • No remedy conferred upon or reserved to the Trustee herein or in the Security Documents is intended to be exclusive of any other remedy or remedies, but every such remedy shall be cumulative and shall be in addition to every other remedy conferred herein or in any Security Document or now or hereafter existing at law or in equity or by statute; provided that the Trustee shall exercise any and all remedies solely in accordance with Requisite Instructions delivered to the Trustee.

  • The Collateral Agent may, subject to the provisions of clause (b) of Section 2.4, exercise the rights and powers vested in the Collateral Agent by this Agreement and the Security Documents, and shall not be liable with respect to any action taken, or omitted to be taken, in accordance with Requisite Instructions delivered to the Collateral Agent.

  • In the absence of any Requisite Instructions, the Trustee shall have no obligation to invest or reinvest moneys.

  • Parties agree, solely for their own mutual benefit (and not for the benefit of any Obligor), that the Collateral Agent shall exercise all of its powers, rights and remedies with respect to the Obligors and the Collateral under the Secured Instruments solely in accordance with Requisite Instructions.

  • Upon receipt of such notice, Canada shall meet with the Credit Parties in person or by telephone (as Canada prefers) on a date and time agreeable to Canada and the Credit Parties and, until such meeting between Canada and the Credit Parties has taken place, the GAA Finance Parties may not issue any Requisite Instructions to the Collateral Agent with respect to any of the matters referred to in the recommendations made by the Collateral Agent and to be discussed at such meeting.