Common use of Permitted Enforcement: Intra-Group Lenders Clause in Contracts

Permitted Enforcement: Intra-Group Lenders. Prior to the Senior Discharge Date and after the occurrence of an Insolvency Event, each Intra-Group Lender may only (unless otherwise directed by the Security Agent or unless the Security Agent has taken, or has given notice that it intends to take, action on behalf of that Intra-Group Lender in accordance with Clause 9.4 (Filing of claims)), exercise any right it may otherwise have against that member of the Group to:

Permitted Enforcement: Intra-Group Lenders. Prior to the Senior Final Discharge Date and after the occurrence of an Insolvency EventEvent in relation to any member of the Group or grantor of Transaction Security, each Intra-Group Lender may only (unless otherwise directed by the Security Agent or unless the Security Agent has taken, or has given notice that it intends to take, action on behalf of that Intra-Group Lender in accordance with Clause 9.4 10.5 (Filing of claims)), and shall if so directed by the Security Agent, exercise any right it may otherwise have against that member of the Group to: