Common use of Instructions to Security Agent and exercise of discretion Clause in Contracts

Instructions to Security Agent and exercise of discretion. (A) Subject to paragraphs (D) and (E) below, the Security Agent shall act in accordance with any instructions given to it by the Majority Lenders or, if so instructed by the Majority Lenders, refrain from exercising any right, power, authority or discretion vested in it as Security Agent and shall be entitled to assume that (i) any instructions received by it from the Facility Agent or a group of Lenders are duly given in accordance with the terms of the Finance Documents and (ii) unless it has received actual notice of revocation, that those instructions or directions have not been revoked.

Appears in 3 contracts

Samples: And Restatement Agreement (Kosmos Energy Ltd.), Agreement (Kosmos Energy Ltd.), Agreement (Kosmos Energy Ltd.)

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Instructions to Security Agent and exercise of discretion. (Aa) Subject to paragraphs (Dd) and (Ee) below, the Security Agent shall act in accordance with any instructions given to it by the Majority Lenders or, if so instructed by the Majority Lenders, refrain from exercising any right, power, authority or discretion vested in it as Security Agent and shall be entitled to assume that (i) any instructions received by it from the Facility Agent or a group of Lenders are duly given in accordance with the terms of the Finance Documents this Agreement and (ii) unless it has received actual notice of revocation, that those instructions or directions have not been revoked.

Appears in 2 contracts

Samples: Agreement (Hamilton Insurance Group, Ltd.), Assignment Agreement (Hamilton Insurance Group, Ltd.)

Instructions to Security Agent and exercise of discretion. (Aa) Subject to paragraphs (Dd) and (Ee) below, the Security Agent shall act in accordance with any instructions given to it by the Majority Lenders Instructing Group or, if so instructed by the Majority LendersInstructing Group, refrain from exercising any right, power, authority or discretion vested in it as Security Agent and shall be entitled to assume that (i) any instructions received by it from the Facility Agent Creditor Representatives, the Creditors or a group of Lenders Creditors are duly given in accordance with the terms of the Finance Debt Documents and (ii) unless it has received actual notice of revocation, that those instructions or directions have not been revoked.

Appears in 2 contracts

Samples: Intercreditor Agreement (Nord Anglia Education, Inc.), Intercreditor Agreement (Nord Anglia Education, Inc.)

Instructions to Security Agent and exercise of discretion. (Aa) Subject to paragraphs (Dβ€Ž(d) and (Eβ€Ž(e) below, the Security Agent shall act in accordance with any instructions given to it by the Majority Lenders an Instructing Group or, if so instructed by the Majority Lendersan Instructing Group, refrain from exercising any right, power, authority or discretion vested in it as Security Agent and shall be entitled to assume that (i) any instructions received by it from an Agent, the Facility Agent Creditors or a group of Lenders Creditors are duly given in accordance with the terms of the Finance Debt Documents and (ii) unless it has received actual notice of revocation, that those instructions or directions have not been revoked.

Appears in 2 contracts

Samples: Intercreditor Agreement (B Communications LTD), Intercreditor Agreement (Internet Gold Golden Lines LTD)

Instructions to Security Agent and exercise of discretion. (Aa) Subject to paragraphs (Dd) and (Ee) below, the Security Agent shall act in accordance with any instructions given to it by the Majority Lenders an Instructing Group or, if so instructed by the Majority Lendersan Instructing Group, refrain from exercising any right, power, authority or discretion vested in it as Security Agent and shall be entitled to assume that (i) any instructions received by it from an Agent, the Facility Agent Creditors or a group of Lenders Creditors are duly given in accordance with the terms of the Finance Debt Documents and (ii) unless it has received actual notice of revocation, that those instructions or directions have not been revoked.. A44420063

Appears in 2 contracts

Samples: Intercreditor Agreement (Paysafe LTD), Intercreditor Agreement (Paysafe LTD)

Instructions to Security Agent and exercise of discretion. (Aa) Subject to paragraphs (Dd) and (Ee) below, the Security Agent shall act in accordance with any instructions given to it by the Majority Lenders or, if so instructed by the Majority Lenders, refrain from exercising any right, power, authority or discretion vested in it as Security Agent and shall be entitled to assume that (i) any instructions received by it from the Facility Agent Agent, the Lenders or a group of Lenders are duly given in accordance with the terms of the relevant Finance Documents and (ii) unless it has received actual notice of revocation, that those instructions or directions have not been revoked.

Appears in 1 contract

Samples: Restatement Agreement (Hanover Insurance Group, Inc.)

Instructions to Security Agent and exercise of discretion. (Aa) Subject to paragraphs (Dd) and (Ee) below, the Security Agent shall act in accordance with any instructions given to it by the Majority Lenders an Instructing Group or, if so instructed by the Majority Lendersan Instructing Group, refrain from exercising any right, power, authority or discretion vested in it as Security Agent and shall be entitled to assume that (i) any instructions received by it from an Agent, the Facility Agent Creditors or a group of Lenders Creditors are duly given in accordance with the terms of the Finance Debt Documents and (ii) unless it has received actual notice of revocation, that those instructions or directions have not been revoked.

Appears in 1 contract

Samples: Intercreditor Agreement (Paysafe LTD)

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Instructions to Security Agent and exercise of discretion. (Aa) Subject to paragraphs (D) and (Ed) below, the Security Agent shall act in accordance with any instructions given to it by the Majority Lenders or, if so instructed by the Majority Lenders, refrain from exercising any right, power, authority or discretion vested in it as Security Agent and shall be entitled to assume that (i) any instructions received by it from the Facility Agent Agent, or a group of the Majority Lenders 190 are duly given in accordance with the terms of the Finance Documents and (ii) unless it has received actual notice of revocation, that those instructions or directions have not been revoked.

Appears in 1 contract

Samples: Agreement (Melrose PLC)

Instructions to Security Agent and exercise of discretion. (A) Subject to paragraphs (D) and (E) below, the Security Agent shall act in accordance with any instructions given to it by the Majority Lenders an Instructing Group or, if so instructed by the Majority Lendersan Instructing Group, refrain from exercising any right, power, authority or discretion vested in it as Security Agent and shall be entitled to assume that (i) any instructions received by it from an Agent, the Facility Agent Creditors or a group of Lenders Creditors are duly given in accordance with the terms of the Finance Documents and (ii) unless it has received actual notice of revocation, that those instructions or directions have not been revoked.

Appears in 1 contract

Samples: Intercreditor Agreement (Kosmos Energy Ltd.)

Instructions to Security Agent and exercise of discretion. (Aa) Subject to paragraphs (Dd) and (Ee) below, the Security Agent shall act in accordance with any instructions given to it by the Majority Lenders or, if so instructed by the Majority Lenders, refrain from exercising any right, power, authority or discretion vested in it as Security Agent and shall be entitled to assume that (i) any instructions instruction received by it from the Facility Agent Agent, the Lenders or a group of the Majority Lenders are duly given in accordance with the terms of the Finance Documents and (ii) unless it has received actual notice of revocation, that those instructions or directions have not been revoked.

Appears in 1 contract

Samples: Agreement (PCGI Intermediate Holdings LTD)

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