Common use of Lender Rate Contracts Clause in Contracts

Lender Rate Contracts. So long as the terms thereof are in compliance with the Credit Agreement, each Lender Rate Contract shall be secured by the Lien of this Pledge Agreement to the extent, and, notwithstanding any other provision, if any, in this Pledge Agreement, only to the extent provided in the Credit Agreement, including Section 7.07 of the Credit Agreement. Such security shall be on a silent basis, so that, notwithstanding any other provision, if any, in this Pledge Agreement, the Credit Agreement or any other Credit Document, no holders of Lender Rate Contracts shall be able to take any action in respect of the Collateral nor instruct the Collateral Agent or the Required Lenders to take any action in respect of the Collateral.

Lender Rate Contracts. So long as the terms thereof are in compliance with the Credit Agreement, each Lender Rate Contract shall be secured by the Lien of this Pledge Security Agreement to the extent, and, notwithstanding any other provision, if any, in this Pledge Security Agreement, only to the extent provided in the Credit Agreement, including Section 7.07 of the Credit Agreement. Such security shall be on a silent basis, so that, notwithstanding any other provision, if any, in this Pledge Security Agreement, the Credit Agreement or any other Credit Document, no holders of Lender Rate Contracts shall be able to take any action in respect of the Collateral nor instruct the Collateral Agent or the Required Lenders to take any action in respect of the Collateral.