Common use of Action by the Agent Clause in Contracts

Action by the Agent. 4.1 Notwithstanding the Consent, the Agent may take any action in respect of a Relevant Event of Default deemed appropriate pursuant to Clause 23.19 (Acceleration and Cancellation) of the Credit Agreement and/or under any Finance Document upon (or at anytime after and whilst such failure is continuing) any of the Parent, the Shareholder, any Borrower or any Guarantor failing to duly perform or comply with any obligation expressed to be assumed by it hereunder unless such failure relates to the obligation at paragraph 5.3 below and such failure is remedied within two Business Days or such failure relates to the obligations at paragraphs 5.4, 5.5 or 5.9 below and such failure is remedied within 7 Business Days.

Action by the Agent. 4.1 Notwithstanding the Consent, the Agent may take any action in respect of a Relevant Event of Default deemed appropriate pursuant to Clause 23.19 24.18 (Acceleration and Cancellation) of the Credit Agreement and/or under any Finance Document upon (or at anytime after and whilst such failure is continuing) any of the Parent, the ShareholderPost-Novation Borrower, any Borrower NTL CC or any Guarantor failing to duly perform or comply with any obligation expressed to be assumed by it hereunder unless such failure relates to the obligation at paragraph 5.3 below and such failure is remedied within two Business Days or such failure relates to the obligations at paragraphs 5.4, 5.5 or 5.9 5.8 below and such failure is remedied within 7 Business Days.