No Action Except under Indenture or Instructions Sample Clauses
The "No Action Except under Indenture or Instructions" clause restricts parties from taking independent action regarding the agreement unless it is expressly permitted by the indenture or directed by proper instructions. In practice, this means that, for example, bondholders cannot individually enforce rights or remedies unless the procedures outlined in the indenture are followed or specific instructions are given by a designated authority, such as a trustee. This clause ensures coordinated action, prevents conflicting or duplicative efforts, and maintains orderly administration of the agreement.
No Action Except under Indenture or Instructions. Loan Trustee will not manage, control, use, sell, lease, operate, store, dispose of or otherwise deal with the Aircraft or any other part of the Collateral except in accordance with the powers granted to, or the authority conferred upon, Loan Trustee pursuant to this Indenture and in accordance with the express terms hereof.
No Action Except under Indenture or Instructions. The Indenture Trustee agrees that it will not use, operate, store, lease, control, manage, sell, dispose of or otherwise deal with the Aircraft or any other part of the Indenture Estate except in accordance with the powers granted to, or the authority conferred upon, the Indenture Trustee pursuant to this Indenture and in accordance with the express terms hereof.
No Action Except under Indenture or Instructions. The Indenture Trustee agrees that it will not manage, control, use, sell, dispose of or otherwise deal with the Equipment or other property constituting part of the Indenture Estate except (i) as required by the terms hereof and the Participation Agreement, (ii) in accordance with the powers granted to, or the authority conferred upon, the Indenture Trustee pursuant to this Indenture, or (iii) in accordance with the express terms hereof or with written instructions pursuant to Section 6.01 or 6.02.