Common use of Exercise of Remedies – Collateral Access Rights Clause in Contracts

Exercise of Remedies – Collateral Access Rights. (a) The Revolving Credit Collateral Agent and the Fixed Asset Collateral Agents agree not to commence any Collateral Enforcement Action until an Enforcement Notice has been given to the other Collateral Agent. Subject to the provisions of Sections 3.1 and 3.2 above, either Collateral Agent may join in any judicial proceedings commenced by the other Collateral Agent to enforce Liens on the Collateral, provided that neither Collateral Agent, nor the Revolving Credit Claimholders or the Fixed Asset Claimholders, as the case may be, shall interfere with the Collateral Enforcement Actions of the other with respect to Collateral in which such party has the priority Lien in accordance herewith.

Exercise of Remedies – Collateral Access Rights. (a) The Revolving Credit ABL Collateral Agent and the Fixed Asset Collateral Agents agree not to commence any Collateral Enforcement Action until an Enforcement Notice has been given to the other Collateral Agent. Subject to the provisions of Sections 3.1 3.01 and 3.2 3.02 above, either Collateral Agent may join in any judicial proceedings commenced by the other Collateral Agent to enforce Liens on the Collateral, ; provided that neither Collateral Agent, nor the Revolving Credit ABL Claimholders or the Fixed Asset Claimholders, as the case may be, shall interfere with the Collateral Enforcement Actions of the other with respect to Collateral in which such party has the priority Lien in accordance herewith.

Exercise of Remedies – Collateral Access Rights. (a) The Revolving Credit ABL Collateral Agent and the each Fixed Asset Collateral Agents Agent agree not to commence any Collateral Enforcement Action until an Enforcement Notice has been given to the other Collateral Agent. Subject to the provisions of Sections 3.1 3.01 and 3.2 3.02 above, either Collateral Agent may join in any judicial proceedings commenced by the other Collateral Agent to enforce Liens on the Collateral, ; provided that neither Collateral Agent, nor the Revolving Credit ABL Claimholders or the Fixed Asset Claimholders, as the case may be, shall interfere with the Collateral Enforcement Actions of the other with respect to Collateral in which such party has the priority Lien in accordance herewith.

Exercise of Remedies – Collateral Access Rights. (a) The Revolving Credit Collateral Agent and the Fixed Asset Collateral Agents Agent agree not to commence any Collateral Enforcement Action until an Enforcement Notice has been given to the other Collateral AgentAgents. Subject to the provisions of Sections 3.1 and 3.2 above, either any Collateral Agent may join in any judicial proceedings commenced by the any other Collateral Agent to enforce Liens on the Collateral, provided that neither no Collateral Agent, nor the Revolving Credit Claimholders or the Fixed Asset Claimholders, as the case may be, shall interfere with the Collateral Enforcement Actions of the other with respect to Collateral in which such party has the priority Lien in accordance herewith.

Exercise of Remedies – Collateral Access Rights. (ai) The Revolving Credit Collateral Agent and the Fixed Asset Collateral Agents agree not to commence any Collateral Enforcement Action until an Enforcement Notice has been given to the other Collateral Agent. Subject to the provisions of Sections 3.1 and 3.2 above, either Collateral Agent may join in any judicial proceedings commenced by the other Collateral Agent to enforce Liens on the Collateral, provided that neither Collateral Agent, nor the Revolving Credit Claimholders or the Fixed Asset Claimholders, as the case may be, shall interfere with the Collateral Enforcement Actions of the other with respect to Collateral in which such party has the priority Lien in accordance herewith; provided further, that the Revolving Credit Collateral Agent shall not be required to provide an Enforcement Notice with respect to any Collateral Enforcement Action relating to the Foreign Collateral.

Exercise of Remedies – Collateral Access Rights. (a) The TheEach Revolving Credit Collateral Agent and the Fixed Asset Collateral Agents Agent agree not to commence any Collateral Enforcement Action until an Enforcement Notice has been given to the other Collateral AgentAgents. Subject to the provisions of Sections 3.1 and 3.2 above, either any Collateral Agent may join in any judicial proceedings commenced by the any other Collateral Agent to enforce Liens on the Collateral, provided that neither no Collateral Agent, nor the Revolving Credit Claimholders or the Fixed Asset Claimholders, as the case may be, shall interfere with the Collateral Enforcement Actions of the other with respect to Collateral in which such party has the priority Lien in accordance herewith.