Common use of Distressed Disposals Clause in Contracts

Distressed Disposals. (a) If a Distressed Disposal is being effected the Security Trustee is irrevocably authorised (at the cost of the relevant Debtor and without any consent, sanction, authority or further confirmation from any Creditor, Debtor or other grantor of Transaction Security):

Appears in 2 contracts

Samples: Intercreditor Agreement (InterXion Holding N.V.), Intercreditor Agreement (InterXion Holding N.V.)

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Distressed Disposals. (a) If Subject to Clause 12.2(d), if a Distressed Disposal is being effected the Security Trustee is irrevocably authorised (at the cost of the relevant Debtor Borrower or the Guarantor and without any consent, sanction, authority or further confirmation from any Creditor, Debtor Creditor or other grantor of Transaction SecurityBorrower):

Appears in 1 contract

Samples: Project Facilities Agreement (Pacific Drilling S.A.)

Distressed Disposals. (a) If Subject to paragraph (d) below, if a Distressed Disposal is being effected the Security Trustee is irrevocably authorised (at the cost of the relevant Debtor Obligor or KEI and without any consent, sanction, authority or further confirmation from any Creditor, Debtor any Obligor or other grantor of Transaction SecurityKEI):

Appears in 1 contract

Samples: Intercreditor Agreement (Kosmos Energy Ltd.)

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Distressed Disposals. (a) If a Distressed Disposal is being effected the Security Trustee is irrevocably authorised (at the cost of the relevant Debtor or the Company and without any consent, sanction, authority or further confirmation from any Creditor, Debtor Creditor or other grantor of Transaction SecurityDebtor):

Appears in 1 contract

Samples: Note Purchase Agreement (Luxfer Holdings PLC)

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