No independent power. (a) The Lenders shall not have any independent power to enforce, or have recourse to, any of the Liens expressed to be created under the Security Documents, or to exercise any rights or powers arising under the Security Documents except through the Security Agent.
Appears in 5 contracts
Samples: Operation and Maintenance Agreement (Globalstar, Inc.), Facility Agreement (Globalstar, Inc.), Coface Facility Agreement (Globalstar, Inc.)
No independent power. (ad) The Lenders shall not have any independent power to enforce, or have recourse to, any of the Liens expressed to be created under the Security Documents, or to exercise any rights or powers arising under the Security Documents except through the Security Agent.
Appears in 1 contract