Common use of Expense Claims Clause in Contracts

Expense Claims. None of the Noteholder Collateral Agent, the Trustee or any Noteholder will assert or enforce, at any time prior to the Discharge of Senior Lender Claims, any claim under §506(c) of the Bankruptcy Law senior to or on a parity with the Liens in favor of the First-Lien Agent and the Senior Lenders for costs or expenses of preserving or disposing of any Common Collateral.

Appears in 2 contracts

Samples: Indenture (Century Aluminum Co), Indenture (Century California, LLC)

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Expense Claims. None of the Noteholder Collateral Agent, the Trustee or any Noteholder will assert or enforce, at any time prior to the Discharge of Senior Lender Claims, any claim under §506(c) of the Bankruptcy Law senior to or on a parity with the Liens in favor of the First-Lien Administrative Agent, the Senior Credit Agent, the Mortgage Tax Collateral Agent and the Senior Lenders for costs or expenses of preserving or disposing of any Common Collateral.

Appears in 1 contract

Samples: Intercreditor Agreement (Hovnanian Enterprises Inc)

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Expense Claims. None of the Noteholder Parity Lien Collateral Agent, the Trustee Trustee, any other agent, trustee or representative for Parity Lien Debt or any Noteholder will assert or enforce, at any time prior to the Discharge of Senior Lender Claims, any claim under §506(c) of the Bankruptcy Law senior to or on a parity with the Liens in favor of the First-Lien Agent and the Senior Lenders for costs or expenses of preserving or disposing of any Common Collateral.

Appears in 1 contract

Samples: Indenture (Century Aluminum Co)

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