No Additional Rights For the Credit Parties Hereunder. Except as provided in Section 3.6, if any Secured Party shall enforce its rights or remedies in violation of the terms of this Agreement, the Credit Parties shall not be entitled to use such violation as a defense to any action by any Secured Party, nor to assert such violation as a counterclaim or basis for set off or recoupment against any Secured Party.
Appears in 42 contracts
Samples: Credit Agreement (SiteOne Landscape Supply, Inc.), Term Loan Credit Agreement (Cornerstone Building Brands, Inc.), Credit Agreement (Hertz Corp)
No Additional Rights For the Credit Parties Hereunder. Except as provided in Section 3.6, if any ABL Secured Party or Term Secured Party shall enforce its rights or remedies in violation of the terms of this Agreement, the Credit Parties shall not be entitled to use such violation as a defense to any action by any ABL Secured Party or Term Secured Party, nor to assert such violation as a counterclaim or basis for set off or recoupment against any ABL Secured Party or Term Secured Party.
Appears in 12 contracts
Samples: Credit Agreement (JOANN Inc.), Credit Agreement (Michaels Companies, Inc.), Credit Agreement (Chinos Holdings, Inc.)
No Additional Rights For the Credit Parties Hereunder. Except as provided in Section 3.63.6 hereof, if any ABL Secured Party or Term Secured Party shall enforce its rights or remedies in violation of the terms of this Agreement, the Credit Parties shall not be entitled to use such violation as a defense to any action by any ABL Secured Party or Term Secured Party, nor to assert such violation as a counterclaim or basis for set off or recoupment against any ABL Secured Party or Term Secured Party.
Appears in 12 contracts
Samples: Abl Credit Agreement (Hayward Holdings, Inc.), Abl Credit Agreement (Hayward Holdings, Inc.), Second Lien Credit Agreement (Hayward Holdings, Inc.)
No Additional Rights For the Credit Parties Hereunder. Except as provided in Section 3.6, if If any Secured Party shall enforce its rights or remedies in violation of the terms of this Agreement, the Credit Parties shall not be entitled to use such violation as a defense to any action by any Secured Party, nor to assert such violation as a counterclaim or basis for set off or recoupment against any Secured Party.
Appears in 1 contract
No Additional Rights For the Credit Parties Hereunder. Except as provided in Section 3.63.9, if any Secured Party shall enforce its rights or remedies in violation of the terms of this Agreement, the Credit Parties shall not be entitled to use such violation as a defense defence to any action by any such Secured Party or any other Secured Party, nor to assert such violation as a counterclaim or basis for set set- off or recoupment against any such Secured Party.
Appears in 1 contract
Samples: Inter Creditor Agreement
No Additional Rights For the Credit Parties Hereunder. Except as provided in Section 3.6, if If any Term Loan Secured Party or Notes Secured Party shall enforce its rights or remedies in violation of the terms of this Agreement, the Credit Parties shall not be entitled to use such violation as a defense defence to any action by any Term Loan Secured Party or Notes Secured Party, nor to assert such violation as a counterclaim or basis for set set-off or recoupment against any Term Loan Secured Party or Notes Secured Party.
Appears in 1 contract
Samples: Intercreditor Agreement (Postmedia Network Canada Corp.)
No Additional Rights For the Credit Parties Hereunder. Except as provided in Section 3.6, if any Secured Party shall enforce its rights or remedies in violation of the terms of this Agreement, the Credit Parties shall not be entitled to use such violation as a defense to any action by any Secured Party, nor to assert such violation as a counterclaim or basis for set set-off or recoupment against any Secured Party.
Appears in 1 contract
