Enforcement Instructions. (a) The Security Agent may refrain from enforcing the Transaction Security unless instructed in writing otherwise by the Agent. (b) Subject to the Transaction Security having become enforceable in accordance with its terms, the Agent may give or refrain from giving instructions to the Security Agent to enforce or refrain from enforcing the Transaction Security as they see fit. (c) The Security Agent is entitled to rely on and comply with written instructions given in accordance with this Clause 32.1.
Appears in 2 contracts
Sources: Borrowing Base Facility Agreement (Vaalco Energy Inc /De/), Borrowing Base Facility Agreement (Vaalco Energy Inc /De/)
Enforcement Instructions. (a) The Security Agent may refrain from enforcing the Transaction Security or taking any other action as to Enforcement unless instructed in writing otherwise by the AgentInstructing Group in accordance with Clause 12.2 (Instructions to enforce).
(b) Subject to the Transaction Security having become enforceable in accordance with its termsClause 12.2 (Instructions to enforce), the Agent Instructing Group may give or refrain from giving instructions to the Security Agent to enforce or refrain from enforcing take action as to Enforcement in accordance with the Transaction Security Enforcement Principles as they see fitfit by way of the issuance of Enforcement Instructions.
(c) The Security Agent is entitled to rely on and comply with written instructions given in accordance with this Clause 32.112.3.
Appears in 1 contract
Sources: Intercreditor Agreement
Enforcement Instructions. (aA) The Security Agent may refrain from enforcing the Transaction Security unless instructed in writing otherwise by the AgentInstructing Group.
(bB) Subject to the Transaction Security having become enforceable in accordance with its terms, the Agent terms of the Security Documents the Instructing Group may give or refrain from giving instructions to the Security Agent to enforce or refrain from enforcing the Transaction Security as they see fit.
(cC) The Security Agent is entitled to rely on and comply with written instructions given in accordance with this Clause 32.18.2 (Enforcement Instructions).
Appears in 1 contract
Enforcement Instructions. (a) The Security Agent may refrain from enforcing the Transaction Security unless instructed in writing otherwise by the Agentan Instructing Group.
(b) Subject to the Transaction Security having become enforceable in accordance with its terms, the Agent an Instructing Group may give or refrain from giving instructions to the Security Agent to enforce or refrain from enforcing the Transaction Security as they see fit.
(c) The Security Agent is entitled to rely on and comply with written instructions given in accordance with this Clause 32.110.2.
Appears in 1 contract
Sources: Intercreditor Agreement
Enforcement Instructions. (a) The Security Agent may refrain from enforcing the Transaction Security unless instructed in writing otherwise by the Agent.
(b) Subject to the Transaction Security having become enforceable in accordance with its terms, the Agent may give or refrain from giving instructions to the Security Agent to enforce or refrain from enforcing the Transaction Security as they see fit.
(c) The Security Agent is entitled to rely on and comply with written instructions given in accordance with this Clause 32.126.1.
Appears in 1 contract
Sources: Backstop Facility Agreement
Enforcement Instructions. (β
a) The Security Agent may refrain from enforcing the Transaction Security or taking any other action as to Enforcement unless instructed in writing otherwise by the AgentInstructing Group in accordance with Clause 13.2 (Instructions to enforce).
(b) Subject to the Transaction Security having become enforceable in accordance with its termsClause 13.2 (Instructions to enforce), the Agent Instructing Group may give or refrain from giving instructions to the Security Agent to enforce or refrain from enforcing take action as to Enforcement in accordance with the Transaction Security Enforcement Principles as they see fitfit by way of the issuance of Enforcement Instructions.
(c) The Security Agent is entitled to rely on and comply with written instructions given in accordance with this Clause 32.113.3.
Appears in 1 contract
Sources: Intercreditor Agreement
Enforcement Instructions. (a) The Security Agent may refrain from enforcing the Transaction Security unless instructed in writing otherwise by the AgentInstructing Group.
(b) Subject to the Transaction Security having become enforceable in accordance with its terms, the Agent Instructing Group may give or refrain from giving instructions to the Security Agent to enforce or refrain from enforcing the Transaction Security as they see fit.
(c) The Security Agent is entitled to rely on and comply with written instructions given in accordance with this Clause 32.19.1.
Appears in 1 contract
Sources: Intercreditor Agreement