Common use of Enforcement Instructions Clause in Contracts

Enforcement Instructions. (a) The Security Agent may refrain from enforcing any Transaction Security unless: (i) (in the case of enforcement of all or any part of the Class A Transaction Security (as defined in the Intercreditor Agreement)) instructed otherwise by the Security Instructing Creditors in respect of the Class A Transaction Security; or (ii) (in the case of enforcement of all or any part of the Class B Transaction Security (as defined in the Intercreditor Agreement)) instructed otherwise by the Security Instructing Creditors in respect of the Class B Transaction Security. (b) Subject to any Transaction Security having become enforceable in accordance with its terms: (i) (in the case of any Class A Transaction Security) the Security Instructing Creditors in respect of the Class A Transaction Security may give or refrain from giving instructions to the Security Agent to enforce or refrain from enforcing the Class A Transaction Security as they see fit; or (ii) (in the case of any Class B Transaction Security) the Security Instructing Creditors in respect of the Class B Transaction Security may give or refrain from giving instructions to the Security Agent to enforce or refrain from enforcing the Class B Transaction Security as they see fit.