No Additional Rights For the Credit Parties Hereunder. If any Senior Lien Secured Party or Junior Lien 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 Senior Lien Secured Party or Junior Lien Secured Party, nor to assert such violation as a counterclaim or basis for set off or recoupment against any Senior Lien Secured Party or Junior Lien Secured Party.
Appears in 6 contracts
Samples: Credit Agreement (Herbalife Nutrition Ltd.), Credit Agreement (Herbalife Ltd.), Senior Lien Term Loan Credit Agreement (Forterra, Inc.)
No Additional Rights For the Credit Parties Hereunder. If any Senior First Lien Secured Party or Junior Second Lien 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 Senior First Lien Secured Party or Junior Second Lien Secured Party, nor to assert such violation as a counterclaim or basis for set off or recoupment against any Senior First Lien Secured Party or Junior Second Lien Secured Party.
Appears in 3 contracts
Samples: Indenture (Arconic Inc.), Indenture (Arconic Rolled Products Corp), Term Loan Credit Agreement (Foundation Building Materials, Inc.)
