No Enforcement or Commencement of Any Proceedings. Each Subordinated Creditor agrees that, so long as any Senior Indebtedness shall remain unpaid, or any Commitment shall be in effect, it will not accelerate the maturity of the Intercompany Debt or commence, or join with any creditor other than the Lenders in commencing any proceeding referred to in clause (a) of Section 3.
Appears in 3 contracts
Samples: Intercompany Subordination Agreement (Titan Corp), Credit Agreement (Tele Communications International Inc), Security Agreement (Titan Corp)
No Enforcement or Commencement of Any Proceedings. Each The Subordinated Creditor agrees that, so long as any Senior Indebtedness shall remain unpaidunpaid (including any Letter of Credit remaining outstanding), or any Commitment shall be in effect, it will not accelerate the maturity of the Intercompany Subordinated Debt or commence, or join with any creditor other than the Lenders Secured Parties in commencing any proceeding referred to in clause (a) of Section 3.
Appears in 2 contracts
Samples: Credit Agreement (Dollar Thrifty Automotive Group Inc), Credit Agreement (Budget Group Inc)
No Enforcement or Commencement of Any Proceedings. Each Subordinated Creditor agrees that, so long as any Senior Indebtedness shall remain unpaid, or any Commitment shall be in effect, it will not accelerate the maturity of the Intercompany Debt or commence, or join with any creditor other than the Lenders in commencing any proceeding referred to in clause CLAUSE (a) of Section SECTION 3.
Appears in 2 contracts
Samples: Credit Agreement (Titan Corp), Credit Agreement (Titan Corp)
No Enforcement or Commencement of Any Proceedings. Each Subordinated Creditor agrees that, so long as any Senior Indebtedness shall remain unpaid, or any Commitment shall be in effectexcept as permitted by the Senior Debt Documents, it will not accelerate the maturity of the Intercompany Subordinated Debt or commence, or join with any creditor other than the Lenders Administrative Agent or the Senior Creditors in commencing any proceeding referred to in clause (a) of Section 33(a).
Appears in 1 contract
Samples: Credit Agreement (Sanmina Corp)
No Enforcement or Commencement of Any Proceedings. Each Subordinated Creditor agrees that, so long as any Senior Indebtedness shall remain unpaid, or any Commitment shall be in effect, it will not accelerate the maturity of the Intercompany Subordinated Debt or take any action or commence any proceeding to enforce or, so long as a Default shall have occurred and be continuing, collect same, or commence, or join with any creditor other than the Lenders Secured Parties in commencing any proceeding referred to in clause (a) of Section 3.
Appears in 1 contract
No Enforcement or Commencement of Any Proceedings. Each Subordinated Creditor agrees that, so long as any Senior Indebtedness shall remain unpaid, or any Commitment shall be in effect, it will not accelerate the maturity of the Intercompany Subordinated Debt or commence, or join with any creditor other than the Lenders in commencing any proceeding referred to in clause CLAUSE (a) of Section SECTION 3.
Appears in 1 contract
Samples: Credit Agreement (Keebler Foods Co)
No Enforcement or Commencement of Any Proceedings. Each Subordinated Creditor agrees that, so long as any Senior Indebtedness shall remain unpaid, or any Commitment shall be in effect, it will not accelerate the maturity of the Intercompany Subordinated Debt or commence, or join with any creditor other than the Lenders Collateral Agents or the Senior Creditors in commencing any proceeding referred to in clause (a) of Section 33(a).
Appears in 1 contract
