Limit on Enforcement Sample Clauses

Limit on Enforcement. The Bank Lender and the Noteholder agree among themselves and for their own benefit alone that (a) the liens and security interest and claims granted and provided for in the Security Documents shall not be enforced or action taken against any of the Collateral and (b) no action shall be taken to demand payment or otherwise enforce any rights under any Security Documents unless permitted by the terms of such Security Documents and then only at the direction of a Majority of Each Group upon the occurrence of one or more Actionable Defaults and in compliance with the provisions hereof. Each Creditor agrees that, as long as any Obligations exist or may become outstanding pursuant to the terms of the Credit Documents, the provisions of this Agreement shall provide the exclusive method by which any Creditor may exercise rights and remedies under the Security Documents.
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Limit on Enforcement. The liens and security interests granted and provided for in the Pledge Agreement shall not be enforced as against any of the Pledged Collateral except at the direction of the Required Secured Parties upon the occurrence of an Event of Default and in compliance with the provisions hereof. As long as any Obligations exist or may become outstanding pursuant to the terms of the Financing Documents, the provisions of this Intercreditor Agreement shall provide the exclusive method by which any Secured Party may exercise rights and remedies under the Pledge Agreement.
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Limit on Enforcement. The Bank Lenders and the Noteholders agree among themselves and for their own benefit alone that the liens and security interest granted and provided for in the Security Documents shall not be enforced as against any of the Collateral except at the direction of the Majority Creditors upon the occurrence of a Maturity Event and in compliance with the provisions hereof. Each Creditor agrees that, as long as any Obligations exist or may become outstanding pursuant to the terms of the Credit Documents, the provisions of this Agreement shall provide the exclusive method by which any Creditor may exercise rights and remedies under the Security Documents.
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Limit on Enforcement l 2 . The Bank Lenders and the Noteholders agree among themselves and for their own benefit alone that the liens and security interest granted and provided for in the Security Documents shall not be enforced as against any of the Collateral except at the direction of the Required Creditors upon the occurrence of one or more Actionable Defaults and in compliance with the provisions hereof; provided that, if (a) (i) an Actionable Default has occurred under the Note Agreement, but not the Credit Agreement or (ii) an Actionable Default has occurred under the Credit Agreement, but not the Note Agreement, (b) the Required Creditors have elected not to direct the Collateral Agent to pursue remedies or enforce their rights on the Collateral after 90 days from the date of the Actionable Default and (c) the Required Lenders or the Required Noteholders whose agreement contains such Actionable Default has provided notice to all other Creditors that such Required Lenders or Required Noteholders want to pursue a remedy and enforce their rights as to the Collateral, then such Required Lenders or Required Holders can direct the Collateral Agent to take action with respect to the Collateral after such 90 day period, subject to application of any proceeds realized from the Collateral in accordance with Section 4.3
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Limit on Enforcement. Each of the Agent, the Tranche A Lenders, the Tranche B Lenders, the Holders and the Revolving Loan Lender hereby agree among themselves that (a)(i) the liens and security interests granted to the Agent, on behalf of the Lenders and the Holders, in the Security Documents against the Tranche B Priority Collateral shall not be enforced as against any of Tranche B Priority Collateral except at the direction of the Majority Tranche B Lenders in compliance with the provisions hereof and (ii) any and all rights and interests of the Financing Parties under the Lease related to the Tranche B Priority Collateral shall not be enforced except at the direction of the Majority Tranche B Lenders in compliance with the provisions hereof, (b) at such time as all Tranche B Indebtedness has been paid in full in cash and satisfied, (i) the liens and security interests granted to the Agent, on behalf of the Lenders and the Holders, in the Security Documents against the Tranche B Priority Collateral shall not be enforced as against any of the Tranche B Priority Collateral except at the direction of the Majority Holders in compliance with the provisions hereof and (ii) any and all rights and interests of the Financing Parties under the Lease related to the Tranche B Priority Collateral shall not be enforced except at the direction of the Majority Holders in compliance with the provisions hereof, (c)(i) the liens and security interests granted to the Agent, on behalf of the Lenders and the Holders, in the Security Documents against the Tranche A Priority Collateral shall not be enforced as against any of the Tranche A Priority Collateral except at the direction of Congress in compliance with the provisions hereof and (ii) any and all rights and interests under the Lease with respect to those payments under the Lease (including, without limitation, any payment of the Termination Value in accordance with Section 17.6 of the Lease) which would be distributed to the Tranche A Lenders first in accordance with Section 8.7 of the Participation Agreement shall not be enforced except at the direction of Congress in compliance with the provisions hereof and (d) the enforcement of any and all rights and interests (other than those identified in subclauses (a), (b) and (c) above) created and existing under the Operative Agreements including, without limitation, all rights and remedies against a Guarantor shall not be taken by the Agent except at the direction of the Majority Tranche A Lende...
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Limit on Enforcement. The Secured Parties agree among themselves and for their own benefit alone that the liens and security interests granted and provided for in the Collateral Documents shall not be enforced as against any of the Collateral except by the Collateral Agent at the direction of the Majority Secured Parties upon the occurrence of an Event of Default and in compliance with the provisions hereof. Each Secured Party agrees that, as long as any Obligations exist or may become outstanding pursuant to the terms of the Financing Documents, the provisions of this Intercreditor Agreement shall provide the exclusive method by which any Secured Party may exercise rights and remedies under the Collateral Documents.
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Limit on Enforcement. The Senior Creditors agree among themselves and for their own benefit alone that the Liens granted and provided for in the Security Documents shall not be enforced as against any of the Collateral except at the direction of the Majority Senior Creditors upon the occurrence of an Event of Default and during the continuation thereof and in compliance with the provisions hereof; PROVIDED that, notwithstanding the foregoing, no action shall be taken to enforce any Lien on Collateral located in the State of California, or in any other jurisdiction having any applicable Law with an effect similar to California's "one-action" rule, without the consent of all of the Senior Creditors. Each Senior Creditor agrees that, as long as any Senior Obligations exist or may become outstanding pursuant to the terms of the Senior Credit Documents, the provisions of this Agreement shall provide the exclusive method by which any Senior Creditor may exercise rights and remedies under the Security Documents. In furtherance thereof, except as otherwise permitted under this Agreement, each Senior Creditor shall, for the mutual benefit of all Senior Creditors (i) refrain from taking or filing any action, judicial or otherwise, to enforce any rights or pursue any remedies under the Security Documents, except for delivering notices hereunder or exercising any rights to request and receive information or documents or to inspect or examine Collateral and (ii) refrain from exercising any rights or remedies under the Security Documents that may be exercisable as a result of an Event of Default.
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Limit on Enforcement. The Secured Parties agree among themselves and for their own benefit alone that the Liens granted and provided for in the Collateral Documents shall not be enforced as against any of the Collateral except by the Collateral Agent at the direction of the requisite Lenders as provided in the Credit Agreement. Each Secured Party agrees that, until the Credit Agreement has been terminated and the Senior Obligations have been paid in full in cash, the provisions of this Intercreditor Agreement shall provide the exclusive method by which any Secured Party may exercise rights and remedies under the Collateral Documents. Each Subordinated Creditor agrees that, until the Credit Agreement has been terminated and the Senior Obligations have been paid in full in cash, no Subordinated Creditor may exercise any rights or remedies in respect of any Lien in the Collateral or existing under the Collateral Documents.
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Related to Limit on Enforcement

  • Limitation on Enforcement The Lenders agree that this Guaranty may be enforced only by the action of the Administrative Agent acting upon the instructions of the Required Lenders and that no Lender shall have any right individually to seek to enforce or to enforce this Guaranty, it being understood and agreed that such rights and remedies may be exercised by the Administrative Agent for the benefit of the Lenders under the terms of this Credit Agreement. The Lenders further agree that this Guaranty may not be enforced against any director, officer, employee or stockholder of the Guarantors.

  • Specific Enforcement Each party hereto acknowledges that the remedies at law of the other parties for a breach or threatened breach of this Agreement would be inadequate and, in recognition of this fact, any party to this Agreement, without posting any bond, and in addition to all other remedies that may be available, shall be entitled to obtain equitable relief in the form of specific performance, a temporary restraining order, a temporary or permanent injunction or any other equitable remedy that may then be available.

  • Law Enforcement 24.1 Each Party may cooperate with law enforcement authorities and national security authorities to the full extent required or permitted by Applicable Law in matters related to Services provided by it under this Agreement, including, but not limited to, the production of records, the establishment of new lines or the installation of new services on an existing line in order to support law enforcement and/or national security operations, and, the installation of wiretaps, trap-and-trace facilities and equipment, and dialed number recording facilities and equipment. 24.2 A Party shall not have the obligation to inform the other Party or the Customers of the other Party of actions taken in cooperating with law enforcement or national security authorities, except to the extent required by Applicable Law. 24.3 Where a law enforcement or national security request relates to the establishment of lines (including, but not limited to, lines established to support interception of communications on other lines), or the installation of other services, facilities or arrangements, a Party may act to prevent the other Party from obtaining access to information concerning such lines, services, facilities and arrangements, through operations support system interfaces.

  • Contract Enforcement Note: NO EXCEPTIONS OR REVISIONS WILL BE CONSIDERED TO A, B2, 5-7. Enforcement of Contract and Dispute Resolution Note: NO EXCEPTIONS OR REVISIONS WILL BE CONSIDERED 1) Vendor and DIR agree to the following: (i) a party’s failure to require strict performance of any provision of the Contract shall not waive or diminish that party’s right thereafter to demand strict compliance with that or any other provision, (ii) for disputes not resolved in the normal course of business, the dispute resolution process provided for in Chapter 2260, Texas Government Code, shall be used, and (iii) actions or proceedings arising from the Contract shall be heard in a state court of competent jurisdiction in Xxxxxx County, Texas. 2) Disputes arising between a Customer and the Vendor shall be resolved in accordance with the dispute resolution process of the Customer that is not inconsistent with subparagraph A.1 above. DIR shall not be a party to any such dispute unless DIR, Xxxxxxxx, and Vendor agree in writing. 3) State agencies are required by rule (34 TAC §20.1115) to report vendor performance through the Vendor Performance Tracking System (VPTS) on every purchase over $25,000. 1) Termination for Non-Appropriation a) Termination for Non-Appropriation by Customer

  • GOVERNING LAW & ENFORCEMENT The terms of this Settlement Agreement shall be governed by the laws of the State of California and apply within the State of California. For purposes of this Settlement Agreement only, the Settling Entity stipulates that the Superior Court of California shall have personal jurisdiction over it for the limited and sole purpose of an action to enforce the terms of this Settlement Agreement, brought without joinder of other claims. As an expressed condition of this Settlement Agreement, the Settling Entity waives any exemptions under California Health & Safety Code §25249.6

  • Delay in Enforcement We may at any time and in our sole discretion delay or waive enforcing any of our rights or remedies under this Agreement or under applicable law without losing any of those or any other rights or remedies. Even if we do not enforce our rights or remedies at any one time, we may enforce them at a later date. For example, we may accept late payments or payments that are marked “payment in full” or with other restrictive endorsements without losing any of our rights under this Agreement.

  • Costs of Enforcement The Company agrees that if the Company or any other Person the securities of which are purchasable upon exercise of Rights fails to fulfill any of its obligations pursuant to this Agreement, then the Company or such Person will reimburse the holder of any Rights for the costs and expenses (including legal fees) incurred by such holder in actions to enforce such holder's rights pursuant to any Rights or this Agreement.

  • Cost of Enforcement In the event either party commences a judicial action to enforce the provision of this Agreement, the prevailing party in such action shall be entitled to recover, in addition to such other amounts as may be permitted by law, all costs and expenses incurred by it in the prosecution of defense of such action, including reasonable attorneys’ fees.

  • Restriction on Enforcement Hedge Counterparties

  • Severability; Enforcement If any provision of this Agreement, or the application thereof to any person, place, or circumstance, shall be held by a court of competent jurisdiction to be invalid, unenforceable, or void, the remainder of this Agreement and such provisions as applied to other persons, places, and circumstances shall remain in full force and effect.

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