No Individual Action; Marshaling; Etc. No holder of any Secured Obligations may require the Collateral Agent to take or refrain from taking any action hereunder or under any of the Security Documents or with respect to any of the Collateral except as and to the extent expressly set forth in this Agreement. The Collateral Agent shall have no duty to, and the Company and each Guarantor hereby waives any and all right to require the Collateral Agent to, marshal any assets or otherwise to take any actions with respect to marshaling.
Appears in 2 contracts
Samples: Collateral Agency and Intercreditor Agreement (Castle a M & Co), Security Agreement (Castle a M & Co)
No Individual Action; Marshaling; Etc. No holder of any Secured Obligations may require the Collateral Agent to take or refrain from taking any action hereunder or under any of the Security Documents or with respect to any of the Collateral except as and to the extent expressly set forth in this Agreement. The Agent and the Collateral Agent shall have no duty to, and the Company and each Guarantor Trustee hereby waives any and all right to require the Agents and the Collateral Agent to, marshal any assets or otherwise to take any actions with respect to marshaling.
Appears in 1 contract
Samples: Intercreditor and Collateral Agency Agreement (American Restaurant Group Inc)
No Individual Action; Marshaling; Etc. No holder of any Secured Obligations may require the Collateral Agent to take or refrain from taking any action hereunder or under any of the Security Documents or with respect to any of the Collateral except as and to the extent expressly set forth in this Agreement. The Collateral Agent shall have no duty to, and the Company and each Guarantor Secured Parties hereby waives waive any and all right to require the Collateral Agent to, marshal any assets or otherwise to take any actions with respect to marshaling.
Appears in 1 contract
Samples: Collateral Agency Agreement (FelCor Lodging Trust Inc)
No Individual Action; Marshaling; Etc. No holder of any -- ---------- ------ ---------- --- Secured Obligations may require the Collateral Agent to take or refrain from taking any action hereunder or under any of the Security Documents or with respect to any of the Collateral except as and to the extent expressly set forth in this Agreement. The Collateral Agent shall have no duty to, and the Company and each Guarantor hereby waives any and all right to require the Collateral Agent to, marshal any assets or otherwise to take any actions with respect to marshaling.
Appears in 1 contract
Samples: Collateral Agency and Intercreditor Agreement (Birmingham Steel Corp)
