Common use of Application to Court Clause in Contracts

Application to Court. The Facility Agent may at any time after the service of a Default Notice apply to any court of competent jurisdiction for an order that the terms of this Intercreditor Agreement be carried into execution under the direction of such court and for the appointment of a Receiver of the Collateral or any part thereof and for any other order in relation to the administration of this Intercreditor Agreement as the Facility Agent shall deem fit and it may assent to or approve any application to any court of competent jurisdiction made at the instigation of any of the Holders and shall be indemnified by the Borrower against all costs, charges and expenses Incurred by it in relation to any such application or proceedings.