Common use of Independent Actions by Creditors Clause in Contracts

Independent Actions by Creditors. Nothing contained in this Agreement shall prohibit any Creditor from accelerating the maturity of, or demanding payment from any Subsidiary Guarantor on, any Subject Obligation of the Parent or THC Systems, Inc. to such Creditor or from instituting legal action against THC Systems, Inc. or the Parent or any Subsidiary Guarantor or THC Systems, Inc. in connection with a Sharing Payment to obtain a judgment or other legal process in respect of such Subject Obligation, but any funds received from any Subsidiary Guarantor or THC Systems, Inc. in connection with a Sharing Payment in connection with any recovery therefrom shall be subject to the terms of this Agreement.