Common use of Facilitation of Non-Distressed Disposals Clause in Contracts

Facilitation of Non-Distressed Disposals. (a) If a disposal of an asset is a Non-Distressed Disposal, the Security Agent is irrevocably authorised (at the cost of the Parent and without any consent, sanction, authority or further confirmation from any Creditor, other Secured Party or Debtor) but subject to paragraph (b) below:

Facilitation of Non-Distressed Disposals. (a) If a disposal of an asset is a Non-Distressed Disposal, the Security Collateral Agent is irrevocably authorised and released from all restrictions at law that may lawfully be excluded (at the cost of the Parent and without any consent, sanction, authority or further confirmation from any Creditor, other Secured Party Party, Intra-Group Lender, Security Provider or Debtor) but subject to paragraph (b) below:

Facilitation of Non-Distressed Disposals. (a) If a disposal of an asset is a Non-Distressed Disposal, the Security Agent is irrevocably authorised (at the cost of the Parent Debtors' Agent and without any consent, sanction, authority or further confirmation from any Creditor, other Secured Party Party, the Parent or any Debtor) but subject to paragraph (b) below:

Facilitation of Non-Distressed Disposals. (a) If a disposal of an asset is a Non-Distressed Disposal, Disposal the Security Agent is irrevocably authorised (at the cost of the Parent Company and without any consent, sanction, authority or further confirmation from any Creditor, other Secured Party or Debtor) but subject to paragraph (b) below:

Facilitation of Non-Distressed Disposals. (a) If a disposal of an asset is a Non-Distressed Disposal, the Security Agent is irrevocably authorised (at the cost of the Parent Borrower and without any consent, sanction, authority or further confirmation from any Creditor, other Secured Party Party, or Debtor) but subject to paragraph (b) below:

Facilitation of Non-Distressed Disposals. (a) If a disposal of an asset is a Non-Distressed Disposal, the Security Agent is irrevocably authorised (without any consent or authority of any Creditor) (at the cost of the Parent Company and without any consent, sanction, authority or further confirmation from any Creditor, other Secured Party or Debtor) but subject to paragraph (b) below: