Common use of No Waiver by Senior Lenders Clause in Contracts

No Waiver by Senior Lenders. Nothing contained herein shall prohibit or in any way limit the Administrative Agent or any other Senior Lender from opposing, challenging or objecting to, in any Insolvency Proceeding or otherwise, any action taken, or any claim made, by a Subordinated Debt Party.

Appears in 8 contracts

Samples: Subordination Agreement, Credit Agreement and Extension Agreement, Credit Agreement and Extension Agreement (Midcoast Energy Partners, L.P.)

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No Waiver by Senior Lenders. Nothing contained herein shall prohibit or in any way limit the Administrative Agent or any other Senior Lender from opposing, challenging or objecting to, in any Insolvency Proceeding or otherwise, any action taken, or any claim made, by a Subordinated Debt Party.

Appears in 1 contract

Samples: Subordination Agreement (Midcoast Energy Partners, L.P.)

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