Common use of No independent power Clause in Contracts

No independent power. Subject to Clause ‎18.3 (Treatment of SFA Cash Cover and Senior Lender Cash Collateral), the Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Security Documents (other than the Senior Facilities Agreement and/or any Second Lien Facilities Agreement) except through the Security Agent.

Appears in 5 contracts

Samples: Agreement (Liberty Global PLC), Agreement (Liberty Global PLC), Agreement (Liberty Global PLC)

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No independent power. Subject to Clause ‎18.3 12.6 (Security held by other Creditors) and Clause 14.4 (Treatment of SFA Cash Cover and Senior Lender Cash Collateralcash collateral), the Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Security Documents (other than excluding, for the Senior Facilities Agreement and/or avoidance of doubt, any Second Lien Facilities relevant Debt Financing Agreement) except through the Security Agent.

Appears in 3 contracts

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

No independent power. Subject to Clause ‎18.3 clause 12.3 (Treatment of SFA Cash Cover and Senior Lender Cash Collateral), the Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Security Documents (other than the Senior Facilities Agreement and/or any Second Lien Facilities AgreementFacility Agreements) except through the Security AgentTrustee.

Appears in 1 contract

Samples: Note Purchase Agreement (Luxfer Holdings PLC)

No independent power. Subject to Clause ‎18.3 18.3 (Treatment of SFA Cash Cover and Senior Lender Cash Collateral), the Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Security Documents (other than the Senior Facilities Agreement and/or any Second Lien Facilities Agreement) except through the Security Agent.

Appears in 1 contract

Samples: Intercreditor Agreement (Liberty Global PLC)

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No independent power. Subject to Clause ‎18.3 16.3 (Treatment of SFA Cash Cover and Senior Lender Cash Collateral), the Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Transaction Security Documents (other than the Senior Facilities Agreement and/or any Second Lien Facilities Agreement) except through the Security Agent.

Appears in 1 contract

Samples: Intercreditor Agreement

No independent power. Subject to Clause ‎18.3 11.3 (Treatment of SFA Cash Cover and Senior Lender Cash CollateralCover), the Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Security Documents (other than the Senior Facilities Agreement and/or any Second Lien Facilities Agreement) except through the Security AgentTrustee.

Appears in 1 contract

Samples: Intercreditor Agreement (Kosmos Energy Ltd.)

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