Common use of Instructing Party Clause in Contracts

Instructing Party. Where, at any relevant time, the Instructing Party is the Lenders or the Majority Lenders, the instructions of the Lenders or the Majority Lenders (as the case may be) shall be provided to the Security Agent by the Facility Agent on their behalf. Where at any relevant time, the Instructing Party are all the High Yield Hedging Banks or the Majority Hedging Banks, the instructions of all the High Yield Hedging Banks (as the case may be) or the Majority Hedging Banks shall be provided to the Security Agent by each High Yield Hedging Bank and the Majority Hedging Banks respectively.