Common use of Inspection Rights and Insurance Clause in Contracts

Inspection Rights and Insurance. (a) Subject to the Senior Debt Documents, any Senior Creditor and its representatives and invitees may at any time inspect, repossess, remove and otherwise deal with the Common Collateral, and the Senior Creditor Representative may advertise and conduct public auctions or private sales of the Common Collateral, in each case without notice to, the involvement of or interference by any Subordinated Creditor or liability to any Subordinated Creditor.

Appears in 3 contracts

Samples: Subordination and Intercreditor Agreement (Beneficient Co Group, L.P.), Credit Agreement (GWG Holdings, Inc.), Security and Pledge Agreement (GWG Holdings, Inc.)

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Inspection Rights and Insurance. (a) Subject to the Senior Debt Documents, any Any Senior Creditor and its representatives and invitees may at any time inspect, repossess, remove and otherwise deal with the Common Collateral, and the Senior Creditor Representative may advertise and conduct public auctions or private sales of the Common Collateral, in each case without notice to, the involvement of or interference by any Subordinated Subordinate Creditor or liability to any Subordinated Subordinate Creditor.

Appears in 1 contract

Samples: Intercreditor Agreement (Encore Energy Partners LP)

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