Common use of 506(c) Claims Clause in Contracts

506(c) Claims. Until the Discharge of First-Priority Obligations has occurred, each Second-Priority Representative, on behalf of itself and each applicable Second-Priority Secured Party, will not assert or enforce any claim under Section 506(c) of the United States Bankruptcy Code senior to or on a parity with the Liens securing the First-Priority Obligations for costs or expenses of preserving or disposing of any Common Collateral.

Appears in 11 contracts

Samples: Indenture (Macy's, Inc.), Credit Agreement (Windstream Holdings, Inc.), Supplemental Indenture (Windstream Holdings, Inc.)

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506(c) Claims. Until the Discharge of First-Priority Obligations has occurred, each Second-Priority Representative, on behalf of itself and each applicable Second-Priority Secured Party, will not assert or enforce any claim under Section 506(c) of the United States Bankruptcy Code senior to or on a parity with the Liens securing the First-Priority Obligations for costs or expenses of preserving or disposing of any Common Collateral.

Appears in 2 contracts

Samples: Intercreditor Agreement (Gannett Co., Inc.), First Lien Credit Agreement (Cec Entertainment Inc)

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506(c) Claims. Until the Discharge of First-Priority Obligations has occurred, each Second-Priority Representative, on behalf of itself and each applicable Second-Priority Secured Party, will not assert or enforce any claim under Section 506(c) of the United States Bankruptcy Code or any similar provision of any other Bankruptcy Law senior to or on a parity with the Liens securing the First-Priority Obligations for costs or expenses of preserving or disposing of any Common Collateral.

Appears in 2 contracts

Samples: Note Purchase Agreement (Indivior PLC), Credit Agreement (Casa Systems Inc)

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