Right to Instruct Collateral Agent. Upon an Event of Default, Acceleration or Bankruptcy Event, the Required Lenders may instruct the Collateral Agent to liquidate the Collateral in the manner described in the Security Documents.
Appears in 2 contracts
Sources: Intercreditor and Collateral Agency Agreement, Intercreditor and Collateral Agency Agreement (Butler Manufacturing Co)
Right to Instruct Collateral Agent. Upon an Event of Default, Acceleration or Bankruptcy Eventunder a Credit Facility, the Required Lenders may instruct the Collateral Agent to liquidate all or any portion of the Collateral Collateral, and to take any other action, in the manner manner, and upon the terms and conditions, described in the Security Documents.
Appears in 2 contracts
Sources: Intercreditor Agreement (Lennox International Inc), Revolving Credit Facility Agreement (Lennox International Inc)
Right to Instruct Collateral Agent. Upon an Event of Default, Acceleration or Bankruptcy Eventunder a Credit Facility, the Required Lenders Determining Secured Parties may instruct the Collateral Agent to liquidate the Collateral in the manner described in the Security Documents.
Appears in 1 contract
Sources: Credit Agreement (Global Industrial Technologies Inc)