Discretion in Enforcement of First Liens. (a) In exercising rights and remedies with respect to the Collateral, at any time prior to a Discharge of First Lien Obligations the First Lien Secured Parties shall have the exclusive right to enforce (or refrain from enforcing) the provisions of the First Lien Documents and exercise (or refrain from exercising) remedies thereunder or any such rights and remedies, all in such order and in such manner as they may determine in the exercise of their sole and exclusive discretion, including:
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Samples: Intercreditor Agreement (Diamond Offshore Drilling, Inc.), Collateral Trust Agreement (Valaris LTD)
Discretion in Enforcement of First Liens. (a) In exercising rights and remedies with respect to the CollateralCollateral after the occurrence and during the continuation of a Triggering Event, at any time prior to a Discharge of First Lien Obligations the First Lien Secured Parties shall have the exclusive right to Representatives may enforce (or refrain from enforcing) the provisions of the First Lien Documents and exercise (or refrain from exercising) remedies thereunder or any such rights and remedies, all in such order and in such manner as they may determine in the exercise of their absolute sole and exclusive discretion, including:
Appears in 2 contracts
Samples: Agency and Intercreditor Agreement, Collateral Agency and Intercreditor Agreement (Intelsat S.A.)
Discretion in Enforcement of First Liens. (a) In exercising rights and remedies with respect to the Collateral, at any time prior to a Discharge of First Lien Obligations the First Lien Secured Parties shall have the exclusive right to enforce (or refrain from enforcing) the provisions of the First Lien Documents (including any Shared Collateral Document) and exercise (or refrain from exercising) remedies thereunder or any such rights and remedies, all in such order and in such manner as they may determine in the exercise of their sole and exclusive discretion, including:
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