Common use of Solicitation of Instructions Clause in Contracts

Solicitation of Instructions. The Collateral Agent may at any time solicit: (i) an Act of the Applicable Authorized Representative; (ii) written direction of either Trustee; (iii) solely as expressly provided in Section 5.2, written direction of the Company; or (iv) in any case, an order of a court of competent jurisdiction, as to any action that it may be requested or required to take, or which it may propose to take, in the performance of any of its obligations under this Agreement or the other Transaction Documents and shall be fully justified in failing or refusing to act whether under this Agreement or any other Transaction Document until it shall have received such requisite direction or order, and any such direction shall in any event be subject to Section 2.9(d).

Appears in 3 contracts

Samples: Collateral Agency and Intercreditor Agreement (CBL & Associates Limited Partnership), Collateral Agency and Intercreditor Agreement (CBL & Associates Limited Partnership), Collateral Agency and Intercreditor Agreement (CBL & Associates Limited Partnership)

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Solicitation of Instructions. The Collateral Agent may at any time solicit: solicit (i) an Act of the Applicable Authorized Representative; (ii) written direction of either the Working Capital Facility Agent or the Trustee; (iii) solely as expressly provided in Section 5.2, written direction of the Company; Company or (iv) in any case, an order of a court of competent jurisdiction, as to any action that it may be requested or required to take, or which it may propose to take, in the performance of any of its obligations under this Agreement or the other Transaction Security Documents and shall be fully justified in failing or refusing to act whether under this Agreement or any other Transaction Security Document until it shall have received such requisite direction or order, and any such direction shall in any event be subject to Section 2.9(d).

Appears in 1 contract

Samples: Collateral Agency and Intercreditor Agreement (Trico Marine Services Inc)

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