Exceptions to Agreement to Forbear Sample Clauses

Exceptions to Agreement to Forbear. Notwithstanding the agreement to forbear set forth in Section 3.1 of this Agreement, no Secured Party is or will by virtue of this Agreement be required to forbear from (i) exercising rights granted pursuant to Section 2.17 of the Credit Agreement to make Protective Advances, including any payments considered necessary or reasonable to protect its security interests in and liens on the Collateral, to pay, purchase, contest, or compromise any security interest, lien, or other encumbrance that in the Administrative Agent’s determination appears to conflict with the priority of the Administrative Agent’s security interests in and liens on the Collateral, and to pay all reasonable expenses incurred in connection therewith and to charge any such amounts to the Borrower, (ii) obtaining control over any Loan Party’s Deposit Account, Securities Account or Commodity Account pursuant to the Security Agreement, or (iii) making any payment at its sole option (although neither Administrative Agent nor any Secured Party is or will deemed to be under any obligation to make any such payment) to be made by any Loan Party pursuant to this Agreement, the Credit Agreement, or any other Loan Document (including without limitation covenants herein contained requiring current payment of vendors, landlords and other third-parties) for the account of any Loan Party, and making immediate demand upon the Borrower for reimbursement of any amounts so paid in accordance with the Loan Documents, together with interest in respect thereof as provided in the Credit Agreement. Further, without limiting the agreements to forbear set forth in Section 3.1 of this Agreement provided for the benefit of the Loan Parties, nothing in this Agreement limits the enforceability of any terms or conditions set forth in this Agreement or any other Loan Documents by any Secured Party against any other Secured Party.
Sample 1
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Related to Exceptions to Agreement to Forbear

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