Common use of No Commencement of Any Proceeding Clause in Contracts

No Commencement of Any Proceeding. The Subordinated Creditor agrees that, so long as any of the Senior Debt shall remain unpaid, it will not commence, or join with any creditor other than the Agent and the Banks in commencing, any proceeding referred to in Section 1.3(a).

Appears in 1 contract

Samples: Credit Agreement (Amscan Holdings Inc)

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No Commencement of Any Proceeding. The Subordinated Creditor agrees that, so long as any of the Senior Debt Obligations shall remain unpaid, it will not commence, or join with any creditor other than the Agent and the Banks Lender in commencing, any proceeding referred to in Section 1.3(a3(a).

Appears in 1 contract

Samples: Credit Agreement (Midcoast Energy Resources Inc)

No Commencement of Any Proceeding. The Subordinated Creditor agrees that, so long as any of the Senior Debt shall remain unpaid, it will not commence, or join with any creditor other than the Agent and on behalf of the Banks in commencing, any proceeding referred to in Section 1.3(a)1.03(a) with respect to the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Iusacell Group S a De C V)

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No Commencement of Any Proceeding. The Subordinated Creditor agrees that, so long as any of the Senior Debt Indebtedness shall remain unpaid, it will not commence, or join with any creditor other than the Agent and the Banks in commencing, any proceeding referred to in Section 1.3(a3(a).

Appears in 1 contract

Samples: Subordination Agreement (Houston Exploration Co)

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