Common use of Forbearance of Legal Remedies Clause in Contracts

Forbearance of Legal Remedies. (a) Until the Senior Indebtedness is Finally Paid, the Subordinated Lender shall not, without the prior written consent of the Senior Agent, exercise any Subordinated Lender Remedies.

Appears in 7 contracts

Samples: Subordination and Intercreditor Agreement (General Finance CORP), Subordination and Intercreditor Agreement (Neopharm Inc), Subordination and Intercreditor Agreement (Akorn Inc)

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Forbearance of Legal Remedies. (a) Until the Senior Indebtedness is Finally Paid, the Subordinated Lender Claimants shall not, without the prior written consent of the Senior Agent, exercise any Subordinated Lender Claimant Remedies.

Appears in 2 contracts

Samples: Contingent Payment Agreement, Subordination Agreement (Addus HomeCare Corp)

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Forbearance of Legal Remedies. (a) Until the Senior Indebtedness is Finally Paid, the Subordinated Lender Lenders shall not, without the prior written consent of the Senior Agent, exercise any Subordinated Lender Remedies., until the earliest to occur of the following:

Appears in 1 contract

Samples: Credit Agreement (Epiq Systems Inc)

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