Joint Written Instructions

Joint Written Instructions. Shall mean joint written instructions from Wilmington Trust and Royal, in the form of Exhibit A-1 hereto, directing JPMorgan to: (a) release the Collateral in the Securities Account from the security interest and lien created under the Pledge and Security Agreement; (b) deliver the Collateral to Royal; and (c) present any Eligible Letters of Credit to any Eligible Institutions that issued them for surrender and termination; "Alternative Joint Written Instructions" shall mean joint written... instructions from Wilmington Trust and Royal, in the form of Exhibit A-2 hereto, to be used solely in the event that Royal fails to pay the Settlement Sum by the Payment Date, directing JPMorgan to: (a) liquidate so much of the Collateral in the Securities Account as is necessary to raise the Settlement Sum, and pay the Settlement Sum to Wilmington Trust; and promptly thereafter (b) release the remaining Collateral in the Securities Account from the security interest and lien created under the Pledge and Security Agreement; (c) deliver the remaining Collateral to Royal; and (d) present any Eligible Letters of Credit to any Eligible Institutions that issued them for surrender and termination; View More