Instructing Party Clause Samples
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Instructing Party. Where, at any relevant time, the Instructing Party is the Lenders or the Majority Lenders, the instructions of the Lenders or the Majority Lenders (as the case may be) shall be provided to the Security Agent by the Facility Agent on their behalf. Where at any relevant time, the Instructing Party are all the High Yield Hedging Banks or the Majority Hedging Banks, the instructions of all the High Yield Hedging Banks (as the case may be) or the Majority Hedging Banks shall be provided to the Security Agent by each High Yield Hedging Bank and the Majority Hedging Banks respectively.
Instructing Party the Person who instructs the Bank to issue a Bank Guarantee, Letter of Credit, or any other product of the Documentary Operation and who ensures fulfilment of obligations assumed under the Agreement before the Bank. The Instructing Party may be the Principal (Applicant) or any Third Person as well.
Instructing Party. The Agent shall:
3.1.1 not be bound to act (or refrain from acting or exercising any right, power or authority or discretion vested in it as Agent) unless it has been so directed by the Instructing Party; and
3.1.2 not be liable for any act (or omission) if it acts (or refrains from acting or exercising any right, power or authority or discretion vested in it as Agent) in accordance with the instructions of the Instructing Party.
Instructing Party. Address:
Instructing Party. Where, at any relevant time, the Instructing Party is the Relevant Lenders or the Relevant Majority Lenders, the instructions of the Relevant Lenders or the Relevant Majority Lenders (as the case may be) shall be provided to the Security Agent by the Facility Agent or the 2004 Facility Agent (as applicable) on their behalf. Where at any relevant time, the Instructing Party are all the Senior Hedging Banks and all the High Yield Hedging Banks or the Majority Hedging Banks, the instructions of all the Senior Hedging Banks and all the High Yield Hedging Banks (as the case may be) or the Majority Hedging Banks shall be provided to the Security Agent by each Senior Hedging Bank, each High Yield Hedging Bank and the Majority Hedging Banks respectively.