Certain Directions Sample Clauses
The "Certain Directions" clause defines the authority and process by which one party may issue instructions or directives to another party under the agreement. Typically, this clause outlines the scope of permissible directions, the manner in which they must be communicated, and any limitations or conditions that apply—such as requiring directions to be reasonable, in writing, or within the bounds of the contract. Its core practical function is to ensure that both parties understand how instructions can be given and followed, thereby reducing ambiguity and potential disputes over the execution of contractual obligations.
Certain Directions. The Collateral Agent shall comply with any direction to enter into amendments to the Intercreditor Agreement or an additional intercreditor agreement with the agent for the holders of any ABL Obligations given to it by (A) the Trustee pursuant to Section 10.01 of the Indenture or (B) any Additional Pari Passu Agent pursuant to any similar provision of a Permitted Additional Pari Passu Lien Agreement, provided in the case of clause (A) and (B) that such direction is not inconsistent with this Agreement or the Indenture.
Certain Directions. The Collateral Agent shall comply with any direction given to it by (A) the Trustee pursuant to Section 10.01 of the Indenture or (B) any Additional Pari Passu Agent pursuant to any similar provision of a Permitted Additional Pari Passu Lien Agreement, provided in the case of clause (A) and (B) that such direction is not inconsistent with this Agreement. 40 SIGNATURES EXHIBIT 1 Form Supplement to Security Agreement EXHIBIT 2 Form of Securities Pledge Amendment SCHEDULE I Intercompany Notes SCHEDULE II Filings, Registrations and Recordings SCHEDULE III Pledged Interests SCHEDULE IV Certain Existing Liens EXHIBIT 3 Form of Additional Pari Passu Joinder Agreement EXHIBIT 4 The Collateral Agent and Secured Party Acknowledgements SECURITY AGREEMENT, dated as of October 9, 2009 (as amended, modified, supplemented or restated and in effect from time to time, this “Agreement”), made by (i) TOPS HOLDING CORPORATION, a Delaware corporation (in such capacity, “Holdings”) (ii) TOPS MARKETS, LLC, a New York limited liability company (in such capacity, the “Company” together with Holdings, the “Issuers”) and (iii) THE GUARANTORS LISTED ON THE SIGNATURE PAGES HERETO (the “Original Guarantors”) OR FROM TIME TO TIME PARTY HERETO BY EXECUTION OF A JOINDER AGREEMENT (the “Additional Guarantors,” and together with the Original Guarantors, the “Guarantors”), as pledgors, assignors and debtors (the Issuers, together with the Guarantors, in such capacities and together with any successors in such capacities, the “Grantors,” and each a “Grantor”), in favor of U.S. Bank National Association, having an office at ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇▇▇, in its capacity as collateral agent (the “Collateral Agent”) for the Secured Parties (as defined below).