Collateral Agent Instructions. For the purposes of Section 10.03 and Section 10.04, the Applicable Designated Representative shall act (a) on the instructions of the Applicable Secured Parties or (b) in the absence of any such instructions, as the Applicable Designated Representative sees fit (which may include taking no action).
Appears in 2 contracts
Sources: Intercreditor Agreement, Intercreditor Agreement (Garrett Motion Inc.)