Common use of Action Upon Instructions Clause in Contracts

Action Upon Instructions. Subject to the provisions of Sections 5.1 and 5.3, upon the written instructions of the Agent or the Majority Holders (as applicable), the Owner Trustee will take or refrain from taking such action or actions as may be specified in such instructions.

Appears in 8 contracts

Samples: Trust Agreement (Sabre Holdings Corp), Trust Agreement (Sabre Holdings Corp), Credit Agreement (Correctional Services Corp)

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Action Upon Instructions. Subject to the provisions of Sections 5.1 and 5.3, upon the written instructions of the Administrative Agent or the Majority Holders (as applicable)) or, as permitted expressly by the Operative Agreements, the Lessee, as the case may be, the Owner Trustee will take or refrain from taking such action or actions as may be specified in such instructions.

Appears in 2 contracts

Samples: Trust Agreement (Wackenhut Corrections Corp), Trust Agreement (Wackenhut Corrections Corp)

Action Upon Instructions. Subject to the provisions terms of Sections 5.1 and 5.35.3 hereof, upon the written instructions of the Agent or the Majority Holders (as applicable)Owner Participant, the Owner Trustee will shall take or refrain from taking such action or actions not inconsistent with the terms of the Facility Lease and the other Transaction Documents as may be specified in such instructions.

Appears in 1 contract

Samples: Trust Agreement (Panda Interfunding Corp)

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Action Upon Instructions. Subject to the provisions of Sections 5.1 and 5.3, upon the written instructions of the Agent or the Majority Holders (as applicable)Holder, the Owner Trustee will take or refrain from taking such action or actions as may be specified in such instructions.

Appears in 1 contract

Samples: Trust Agreement (Dollar Tree Stores Inc)

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