Common use of STEP-IN Clause in Contracts

STEP-IN. ‌ 4.1 Step-In Notice‌ Subject to Section 4.3 and without prejudice to the Security Trustee’s rights under the Security Documents, the Agent may give the Authority a notice (a “Step-In Notice”) at any time during an Indicative Notice Period or a Termination Notice Period, as the case may be.

Appears in 3 contracts

Sources: Lenders’ Remedies Agreement, Lenders’ Remedies Agreement, Lenders’ Remedies Agreement

STEP-IN. ‌ 4.1 Step-In Notice‌ Subject to Section 4.3 and without prejudice to the Security Indenture Trustee’s rights under the Security Documents, the Agent Indenture Trustee may give the Authority a notice (a “Step-In Notice”) at any time during an Indicative Notice Period or a Termination Notice Period, as the case may be.

Appears in 1 contract

Sources: Lenders’ Remedies Agreement