Common use of No Waiver of Lien Priorities Clause in Contracts

No Waiver of Lien Priorities. (a) No right of the First Lien Secured Parties, the First Lien Administrative Agent or any of them to enforce any provision of this Agreement, any First Lien Loan Document shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any Borrower or any other Grantor or by any act or failure to act by any First Lien Secured Party or the First Lien Administrative Agent, or by any noncompliance by any Person with the terms, provisions and covenants of this Agreement, any of the First Lien Loan Documents or any of the Second Lien Loan Documents, regardless of any knowledge thereof which any First Lien Secured Party, any First Lien Administrative Agent, or any of them, may have or be otherwise charged with.

Appears in 2 contracts

Samples: Credit Agreement (PGA Holdings, Inc.), Credit Agreement (PGA Holdings, Inc.)

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No Waiver of Lien Priorities. (a) No right of the First Lien Secured PartiesClaimholders, the First Lien Administrative Collateral Agent or any of them to enforce any provision of this Agreement, Agreement or any First Lien Loan Document shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any the Borrower or any other Grantor or by any act or failure to act by any First Lien Secured Party Claimholder or the First Lien Administrative Collateral Agent, or by any noncompliance by any Person with the terms, provisions and covenants of this Agreement, any of the First Lien Loan Documents or any of the Second Lien Loan Documents, regardless of any knowledge thereof which any the First Lien Secured Party, any Collateral Agent or the First Lien Administrative AgentClaimholders, or any of them, may have or be otherwise charged with.

Appears in 1 contract

Samples: Intercreditor Agreement (Butler International Inc /Md/)

No Waiver of Lien Priorities. (a) No right of the First Lien Secured PartiesClaimholders, the Control Agent, the First Lien Administrative Collateral Agent or any of them to enforce any provision of this Agreement, Agreement or any First Lien Loan Document shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any Borrower or any other Grantor or by any act or failure to act by any First Lien Secured Party Claimholder or the First Lien Administrative Collateral Agent, or by any noncompliance by any Person with the terms, provisions and covenants of this Agreement, any of the First Lien Loan Documents or any of the Second Lien Loan Documents, regardless of any knowledge thereof which any the First Lien Secured Party, any Collateral Agent or the First Lien Administrative AgentClaimholders, or any of them, may have or be otherwise charged with.

Appears in 1 contract

Samples: Intercreditor Agreement (Prospect Medical Holdings Inc)

No Waiver of Lien Priorities. (a) No right of the First Lien Secured Parties, the First Lien Administrative Collateral Agent or any of them to enforce any provision of this Agreement, Agreement or any First Lien Loan Document shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any the Borrower or any other Grantor or by any act or failure to act by any First Lien Secured Party or the First Lien Administrative Collateral Agent, or by any noncompliance by any Person person with the terms, provisions and covenants of this Agreement, any of the First Lien Loan Documents or any of the Second Lien Loan Documents, regardless of any knowledge thereof which any the First Lien Collateral Agent or the other First Lien Secured Party, any First Lien Administrative AgentParties, or any of them, may have or be otherwise charged with.

Appears in 1 contract

Samples: Intercreditor Agreement (Atp Oil & Gas Corp)

No Waiver of Lien Priorities. (a) No right of any First Lien Secured Party or the First Lien Secured Parties, the First Lien Administrative Collateral Agent or any of them to enforce any provision of this Agreement, Agreement or any First Lien Loan Document shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any Borrower the Company or any other Grantor Pledgor Party or by any act or failure to act by any First Lien Secured Party or the First Lien Administrative Collateral Agent, or by any noncompliance by any Person with the terms, provisions and covenants of this Agreement, any of the First Lien Loan Documents or any of the Second Lien Loan Notes Documents, regardless of any knowledge thereof which the First Lien Collateral Agent or any First Lien Secured Party, any First Lien Administrative Agent, or any of them, Parties may have or be otherwise charged with.

Appears in 1 contract

Samples: Intercreditor Agreement (Revel Entertainment Group, LLC)

No Waiver of Lien Priorities. (a) No right of any First Lien Secured Party or the First Lien Secured Parties, the First Lien Administrative Collateral Agent or any of them to enforce any provision of this Agreement, Agreement or any First Lien Loan Document shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any the Borrower or any other Grantor Loan Party or by any act or failure to act by any First Lien Secured Party or the First Lien Administrative Collateral Agent, or by any noncompliance by any Person with the terms, provisions and covenants of this Agreement, any of the First Lien Loan Documents or any of the Second Lien Loan Documents, regardless of any knowledge thereof which the First Lien Collateral Agent or any First Lien Secured Party, any First Lien Administrative Agent, or any of them, Parties may have or be otherwise charged with.

Appears in 1 contract

Samples: Intercreditor Agreement (WorldSpace, Inc)

No Waiver of Lien Priorities. (a) No right of the First Lien Secured Parties, the First Lien Administrative Collateral Agent or any of them to enforce any provision of this Agreement, Agreement or any First Lien Loan Document shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any the Borrower or any other Grantor or by any act or failure to act by any First Lien Secured Party or the First Lien Administrative Collateral Agent, or by any noncompliance by any Person with the terms, provisions and covenants of this Agreement, any of the First Lien Loan Documents or any of the Second Lien Loan Documents, regardless of any knowledge thereof which any the First Lien Collateral Agent or the First Lien Secured Party, any First Lien Administrative AgentParties, or any of them, may have or be otherwise charged with.

Appears in 1 contract

Samples: Intercreditor Agreement (Uranium Resources Inc /De/)

No Waiver of Lien Priorities. (a) No right of the First Lien Secured Parties, the First Lien Administrative Collateral Agent or any of them to enforce any provision of this Agreement, Agreement or any First Lien Loan Document shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any Borrower the Company or any other Grantor or by any act or failure to act by any First Lien Secured Party or the First Lien Administrative Collateral Agent, or by any Terremark — Intercreditor Agreement noncompliance by any Person with the terms, provisions and covenants of this Agreement, any of the First Lien Loan Documents or any of the Second Lien Loan Documents, regardless of any knowledge thereof which any the First Lien Collateral Agent or the First Lien Secured Party, any First Lien Administrative AgentParties, or any of them, may have or be otherwise charged with.;

Appears in 1 contract

Samples: Intercreditor Agreement (Terremark Worldwide Inc)

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No Waiver of Lien Priorities. (a) No right of the First Lien Secured PartiesClaimholders, the First Lien Administrative Security Agent or any of them to enforce any provision of this Agreement, Agreement or any First Lien Loan Document shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any Borrower Company or any other Grantor or by any act or failure to act by any First Lien Secured Party Claimholder or the First Lien Administrative Security Agent, or by any noncompliance by any Person with the terms, provisions and covenants of this Agreement, any of the First Lien Loan Documents or any of the Second Lien Loan Documents, regardless of any knowledge thereof which any the First Lien Secured Party, any Security Agent or the First Lien Administrative AgentClaimholders, or any of them, may have or be otherwise charged with.

Appears in 1 contract

Samples: Intercreditor Agreement (Edgen Murray LTD)

No Waiver of Lien Priorities. (a) No right of the First Lien Secured PartiesClaimholders, the First Lien Administrative Agent or any of them to enforce any provision of this Agreement, Agreement or any First Lien Loan Document shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any Borrower the Company or any other Grantor or by any act or failure to act by any First Lien Secured Party Claimholder or the First Lien Administrative Agent, or by any noncompliance by any Person with the terms, provisions and covenants of this Agreement, any of the First Lien Loan Documents or any of the Second Lien Loan Documents, regardless of any knowledge thereof which any First Lien Secured Party, any the First Lien Administrative AgentAgent or the First Lien Claimholders, or any of them, may have or be otherwise charged with.

Appears in 1 contract

Samples: Intercreditor Agreement (Erickson Air-Crane Inc)

No Waiver of Lien Priorities. (a) No right of the First Lien Secured PartiesClaimholders, the First Lien Administrative Collateral Agent or any of them to enforce any provision of this Agreement, Agreement or any First Lien Loan Document shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any either Borrower or any other Grantor or by any act or failure to act by any First Lien Secured Party Claimholder or the First Lien Administrative Collateral Agent, or by any noncompliance by any Person with the terms, provisions and covenants of this Agreement, any of the First Lien Loan Documents or any of the Second Lien Loan Documents, regardless of any knowledge thereof which any First Lien Secured PartyClaimholder, any the First Lien Administrative Agent, Collateral Agent or any of them, may have or be otherwise charged with.

Appears in 1 contract

Samples: Second Lien Intercreditor Agreement (Turning Point Brands, Inc.)

No Waiver of Lien Priorities. (a) No right of the any First Lien Secured Parties, Party or the First Lien Administrative Agent or any of them to enforce any provision of this Agreement, Agreement or any First Lien Loan Document shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any Borrower or any other Grantor or by any act or failure to act by any First Lien Secured Party or the First Lien Administrative Agent, or by any noncompliance by any Person with the terms, provisions and covenants of this Agreement, any of the First Lien Loan Documents, any of the Second Lien Note Documents or any of the Second Additional Parity Lien Loan Facility Documents, regardless of any knowledge thereof which any First Lien Secured Party, any First Lien Administrative Agent, or any of them, Parties may have or be otherwise charged with.

Appears in 1 contract

Samples: Intercreditor Agreement (Mohegan Tribal Gaming Authority)

No Waiver of Lien Priorities. (a) No right of the First Lien Secured PartiesClaimholders, the First Lien Administrative Collateral Agent or any of them to enforce any provision of this Agreement, Agreement or any First Lien Loan Document shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any the Borrower or any other Grantor Loan Party or by any act or failure to act by any First Lien Secured Party Claimholder or the First Lien Administrative Collateral Agent, or by any noncompliance by any Person person with the terms, provisions and covenants of this Agreement, any of the First Lien Loan Documents or any of the Second Lien Loan Documents, regardless of any knowledge thereof which any that the First Lien Secured Party, any Collateral Agent or the First Lien Administrative AgentClaimholders, or any of them, may have or be otherwise charged with.

Appears in 1 contract

Samples: Intercreditor Agreement

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