Discretion in Enforcement of Priority Liens. (a) In exercising rights and remedies with respect to the Collateral, the Priority Lien Representatives may enforce (or refrain from enforcing) the provisions of the Priority 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:
Appears in 4 contracts
Samples: Collateral Trust Agreement (Delta Air Lines Inc /De/), Intercreditor Agreement (Neff Finance Corp.), Intercreditor Agreement (Advanced Audio Concepts, LTD)
Discretion in Enforcement of Priority Liens. (a) In exercising rights and remedies with respect to the Collateral, at any time prior to a Discharge of Priority Lien Obligations the Priority Lien Secured Parties and the Priority Lien Representatives may shall have the exclusive right to enforce (or refrain from enforcing) the provisions of the Priority 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:
Appears in 3 contracts
Samples: Collateral Trust Agreement, Collateral Trust Agreement (Foresight Energy LP), Collateral Agency Agreement (Gogo Inc.)
Discretion in Enforcement of Priority Liens. (a) In exercising rights and remedies with respect to the Shared Real Estate Collateral, the Priority Lien Representatives may enforce (or refrain from enforcing) the provisions of the Priority 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 discretiondiscretion in accordance with applicable law, including:
Appears in 3 contracts
Samples: Intercreditor Agreement (Gold Shield of Indiana, Inc.), Intercreditor Agreement (Fleetwood Enterprises Inc/De/), Intercreditor Agreement (Fleetwood Homes of Kentucky, Inc.)
Discretion in Enforcement of Priority Liens. (a) In exercising rights and remedies with respect to the Collateral, the Priority Lien Representatives may enforce (or refrain from enforcing) the provisions of the Priority 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:
Appears in 2 contracts
Samples: Intercreditor Agreement (MagnaChip Semiconductor LTD (United Kingdom)), Collateral Trust Agreement (Belden & Blake Corp /Oh/)
Discretion in Enforcement of Priority Liens. (a) In exercising rights and remedies with respect to the Collateral, the Priority Lien Representatives may enforce (or refrain from enforcing) or instruct the Collateral Trustee to enforce the provisions of the Priority Lien Documents and exercise (or refrain from exercising) or instruct the Collateral Trustee to exercise 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:
Appears in 1 contract
Samples: Collateral Trust Agreement (NewPage Energy Services LLC)
Discretion in Enforcement of Priority Liens. (a) In Subject to Section 3.3, in exercising rights and remedies with respect to the Collateral, the Priority Lien Representatives may enforce (or refrain from enforcing) or instruct the Collateral Trustee to enforce the provisions of the Priority Lien Documents and exercise (or refrain from exercising) or instruct the Collateral Trustee to exercise 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:
Appears in 1 contract
Discretion in Enforcement of Priority Liens. (a) In Subject to the application of proceeds set forth in Section 3.4, in exercising rights and remedies with respect to the Collateral, the Priority Lien Representatives may instruct the Collateral Trustee to enforce (or refrain from enforcing) the provisions of the Priority 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 accordance with the exercise of their sole and exclusive discretionapplicable Priority Lien Documents, including:
Appears in 1 contract
