Enforcement through Security Agent only. The Finance Parties (other than the Security Agent) shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any right, power, authority or discretion arising under the Security Documents except through the Security Agent.
Appears in 3 contracts
Samples: Facility Agreement (Teekay Corp), Facility Agreement (Teekay LNG Partners L.P.), Facility Agreement
Enforcement through Security Agent only. The Finance Parties (other than the Security Agent) shall not have any no independent power to enforce, or have and no recourse to, any of the Transaction Security Documents or to exercise any right, power, authority or discretion arising under the Security Documents except through the Security Agent.
Appears in 2 contracts
Samples: Credit Agreement (IHS Holding LTD), Facility Agreement (IHS Holding LTD)
Enforcement through Security Agent only. (a) The other Finance Parties (other than the Security Agent) shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any right, power, authority or discretion arising or to grant any consents or releases under the Security Documents except through the Security AgentAgent or as required and permitted by this clause 35.4.
Appears in 1 contract
