No Commencement of Any Proceeding. Each Loan Party agrees that, so long as the Senior Debt shall remain unpaid, it will not commence, or join with any creditor other than the Lenders and the Administrative Agent in commencing any proceeding referred to in the first paragraph of Section 2 against any other Loan Party which owes it any Intercompany Indebtedness.
Appears in 3 contracts
Samples: Credit Agreement (MSA Safety Inc), Credit Agreement (MSA Safety Inc), Credit Agreement (Universal Stainless & Alloy Products Inc)
No Commencement of Any Proceeding. Each Loan Credit Party agrees that, so long as the Senior Debt shall remain unpaid, it will not commence, or join with any creditor other than the Lenders Revolving Credit Agreement Banks, the Revolving Credit Agreement Administrative Agent and the Administrative Agent Financing Parties in commencing any proceeding referred to in the first paragraph of Section 2 against any other Loan Credit Party which owes it any Intercompany Indebtedness.
Appears in 2 contracts
Samples: Participation Agreement (Big Lots Inc), Participation Agreement (Big Lots Inc)
No Commencement of Any Proceeding. Each Loan Party agrees that, so long as the Senior Debt shall remain unpaid, it will not commence, or join with any creditor other than the Lenders Banks and the Administrative Agent in commencing any proceeding referred to in the first paragraph of Section 2 against any other Loan Party which owes it any Intercompany Indebtedness.
Appears in 2 contracts
Samples: Credit Agreement (Big Lots Inc), Credit Agreement (Big Lots Inc)
No Commencement of Any Proceeding. Each Loan Party agrees that, so long as the Senior Debt shall remain unpaid, it will not commence, or join with any creditor other than the Lenders Banks, the Administrative Agent and the Administrative Canadian Agent in commencing any proceeding referred to in the first paragraph of Section 2 against any other Loan Party which owes it any Intercompany Indebtedness.
Appears in 1 contract
Samples: Credit Agreement (Big Lots Inc)
No Commencement of Any Proceeding. Each Loan Party agrees that, so long as the Senior Debt shall remain unpaid, it will not commence, or join with any creditor other than the Lenders and the Administrative Agent Purchasers in commencing any proceeding referred to in the first paragraph of Section 2 against any other Loan Party which owes it any Intercompany Indebtedness.
Appears in 1 contract
Samples: Note Purchase and Private Shelf Agreement (MSA Safety Inc)
No Commencement of Any Proceeding. Each CONSOL Loan Party agrees that, so long as the Senior Debt shall remain unpaid, it will not commence, or join with any creditor other than the Lenders and the Administrative Agent in commencing commencing, any proceeding referred proceeding, including but not limited to those described in the first paragraph of Section 2 hereof, or other enforcement action of any kind against any other Loan Party which owes it any Intercompany Subordinated Indebtedness.
Appears in 1 contract
Samples: Joinder and Assumption Agreement (CONSOL Energy Inc)
