Common use of Duties owed Clause in Contracts

Duties owed. Each of the Secured Parties and the Debtors acknowledges that, in the event that the Security Agent enforces or is instructed to enforce the Transaction Security prior to the Final Discharge Date, the duties of the Security Agent and of any Receiver or Delegate owed to the Hedge Counterparties, the RCF Agent, the Senior Secured Notes Trustee, the Senior Secured Noteholders, the Pari Passu Creditors and any Pari Passu Debt Representative in respect of the method, type and timing of that enforcement or of the exploitation, management or realisation of any of that Transaction Security shall, subject to paragraph (b) of Clause 14.3 (Distressed Disposals), be no different to or greater than the duty that is owed by the Security Agent, Receiver or Delegate to the Debtors under general law.

Duties owed. (a) Each of the Secured Parties and Parties, the Senior Unsecured Security Providers, the Debtors and or the Third Party Security Providers acknowledges that, in the event that the Security Agent enforces or is instructed to enforce the Transaction Security prior to the Final Senior Secured Discharge Date, the duties of the Security Agent and of any Receiver or Delegate owed to the Hedge Counterparties, the RCF Agent, the any Second Lien Creditor and/or Senior Secured Notes Trustee, the Senior Secured Noteholders, the Pari Passu Creditors and any Pari Passu Debt Representative Unsecured Finance Party (as applicable) in respect of the method, type and timing of that enforcement or of the exploitation, management or realisation of any of that Transaction Security shall, subject to paragraph (ba) of Clause 14.3 17.2 (Distressed Disposals), be no different to or greater than the duty that is owed by the Security Agent, Receiver or Delegate to the Debtors and the Senior Unsecured Security Providers under general law.. 153

Duties owed. (a) Each of the Secured Parties and Parties, the Senior Unsecured Security Providers, the Debtors and or the Third Party Security Providers acknowledges that, in the event that the Security Agent enforces or is instructed to enforce the Transaction Security prior to the Final Senior Secured Discharge Date, the duties of the Security Agent and of any Receiver or Delegate owed to the Hedge Counterparties, the RCF Agent, the any Second Lien Creditor or Senior Secured Notes Trustee, the Senior Secured Noteholders, the Pari Passu Creditors and any Pari Passu Debt Representative Unsecured Finance Party (as applicable) in respect of the method, type and timing of that enforcement or of the exploitation, management or realisation of any of that Transaction Security shall, subject to paragraph (ba) of Clause 14.3 17.2 (Distressed Disposals), be no different to or greater than the duty that is owed by the Security Agent, Receiver or Delegate to the Debtors Debtors, Third Party Security Provider or the Senior Unsecured Security Providers under general law.