Residual Authorized Representative Enforcement Date definition
Residual Authorized Representative Enforcement Date is the date (the “Residual Enforcement Shift Trigger Date”) that is 120 days after the occurrence of the Minority Authorized Representative Enforcement Date; provided that the Residual Authorized Representative Enforcement Date shall be stayed and shall not occur and shall be deemed not to have occurred if prior to the Residual Enforcement Shift Trigger Date the Collateral Agent commenced (or was instructed by the Minority Authorized Representative in accordance with this Agreement to commence) enforcement action with respect to the Collateral, at any time thereafter so long as the Collateral Agent is diligently pursuing (or has been instructed by the Minority Authorized Representative to diligently pursue) enforcement action with respect to the Collateral.