Facilitation of Distressed Disposals. Subject to Clause 17.4 (Restriction on Enforcement), if a Distressed Disposal is being effected the Common Security Agent is irrevocably authorised (at the cost of the Parent and without any consent, sanction, authority or further confirmation from any Creditor, other Secured Party or Debtor):
Facilitation of Distressed Disposals. Subject to Clause 10.4 (Restriction on Enforcement), if a Distressed Disposal is being effected, the Common Security Agent is irrevocably authorised (at the cost of the Company and without any consent, sanction, authority or further confirmation from any Secured Creditor or the Company) to release the Transaction Security or any other claim over the asset subject to the Distressed Disposal and execute and deliver or enter into any release of that Transaction Security or claim and issue any consent to dealing that may, in the discretion of the Common Security Agent, be considered necessary or desirable on behalf of the relevant Secured Creditors and the Company.
Facilitation of Distressed Disposals. Subject to paragraphs (d) and (e) below, if a Distressed Disposal is being effected upon the direction of an Act of Required Secured Parties, the Collateral Trustee is irrevocably authorised (at the cost of the Borrower and without any consent, sanction, authority or further confirmation from any Creditor, other Secured Party or Debtor):
Facilitation of Distressed Disposals. If a Distressed Disposal is being effected, each Security Agent is irrevocably authorised (without any consent, sanction, authority or further confirmation from any Creditor, other Secured Party or Debtor), to release the Transaction Security or any other claim over the asset subject to the Distressed Disposal and execute and deliver or enter into any release of that Transaction Security or claim and issue any letters of non-crystallisation of any floating charge or any consent to dealing that may, in the discretion of that Security Agent, be considered necessary or desirable.
