Common use of Intercreditor Issues Clause in Contracts

Intercreditor Issues. In the event of a breach or default (i) under the Collateral Agency Agreement by any party thereto (other than the Administrative Agent), or (ii) by any holder of any Indebtedness which is subordinated to the Obligations, of such subordination provisions, in each case, which circumstance is capable of being cured or mitigated by action or inaction by any of the Loan Parties, the Loan Parties shall take any practicable action or refrain from taking action available to it to cure or mitigate such breach or default.

Intercreditor Issues. In the event of a breach or default (i) under the Collateral Agency Second Lien Intercreditor Agreement by any party thereto (other than the Administrative Agent), ) or (ii) by any holder of any Indebtedness which is subordinated to the ObligationsSubordinated Indebtedness, of such subordination provisions, in each case, which circumstance is capable of being cured or mitigated by action or inaction by any of the Loan Parties, the Loan Parties shall take any practicable action or refrain from taking action available to it to cure or mitigate such breach or default.. NAI-0000000000v6

Intercreditor Issues. In the event of a breach or default (i) under the Collateral Agency Second Lien Intercreditor Agreement by any party thereto (other than the Administrative Agent), ) or (ii) by any holder of any other Indebtedness which is subordinated to the Obligations, of such subordination provisions, in each case, which circumstance is capable of being cured or mitigated by action or inaction by any of the Loan Parties, the Loan Parties shall take any practicable action or refrain from taking action available to it to cure or mitigate such breach or default.