Common use of No Waivers of Rights of First Lien Secured Parties Clause in Contracts

No Waivers of Rights of First Lien Secured Parties. Nothing contained herein shall prohibit or in any way limit the Collateral Agent, the First Lien Agent or any other First Lien Secured Party from objecting in any Insolvency Proceeding or otherwise to any action taken by any Second Lien Secured Party, including the seeking by any Second Lien Secured Party of adequate protection or the asserting by any Second Lien Secured Party of any of its rights and remedies under the Second Lien Documents or otherwise, except with respect to such actions expressly permitted hereby.

Appears in 6 contracts

Samples: Intercreditor and Collateral Agency Agreement (PostRock Energy Corp), Intercreditor and Collateral Agency Agreement (PostRock Energy Corp), And Collateral Agency Agreement (Quest Resource Corp)

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No Waivers of Rights of First Lien Secured Parties. Nothing Subject to Section 3.1(b), nothing contained herein shall prohibit or in any way limit the Collateral Agent, the either First Lien Agent or any other First Lien Secured Party from objecting in any Insolvency Proceeding or otherwise to any action taken by any Second Lien Secured PartyParty not expressly permitted hereunder, including the seeking by any Second Lien Secured Party of adequate protection or the asserting by any Second Lien Secured Party of any of its rights and remedies under the Second Lien Documents or otherwise, (except with respect to such actions expressly permitted herebyas provided in Section 6.5).

Appears in 5 contracts

Samples: Intercreditor Agreement (Alta Equipment Group Inc.), Intercreditor Agreement (Alta Equipment Group Inc.), Credit Agreement (B. Riley Principal Merger Corp.)

No Waivers of Rights of First Lien Secured Parties. Nothing contained herein shall shall, except as expressly provided herein, prohibit or in any way limit the First Lien Collateral Agent, the any First Lien Agent Authorized Representative or any other First Lien Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Lien Secured Party, including the seeking by any Second Lien Secured Party of adequate protection or the asserting by any Second Lien Secured Party of any of its rights and remedies under the Second Lien Documents or otherwise, except with respect to such actions expressly permitted hereby.

Appears in 2 contracts

Samples: Credit Agreement (SemGroup Corp), Continuing Covenant Agreement (SemGroup Corp)

No Waivers of Rights of First Lien Secured Parties. Nothing contained herein shall prohibit or in any way limit the Collateral Agent, the First Lien Agent or any other First Lien Secured Party from objecting in any Insolvency Proceeding or otherwise to any action taken by any Second Lien Secured Party, including the seeking by any Second Lien Secured Party of adequate protection or the asserting by any Second Lien Secured Party of any of its rights and remedies under the Second Lien Documents or otherwise, except with respect to such actions expressly permitted hereby.

Appears in 1 contract

Samples: Intercreditor Agreement (Texas Unwired)

No Waivers of Rights of First Lien Secured Parties. Nothing contained herein shall prohibit or in any way limit the Collateral Agent, the First Lien Agent Representative or any other First Lien Secured Party from objecting in any Insolvency Proceeding or otherwise to any action taken by the Second Lien Representative or any other Second Lien Secured Party, including the seeking by any Second Lien Secured Party of adequate protection or the asserting by any Second Lien Secured Party of any of its rights and remedies under the Second Lien Collateral Documents or otherwise, except with respect to such actions expressly permitted hereby.

Appears in 1 contract

Samples: Intercreditor Agreement (Open Solutions Inc)

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No Waivers of Rights of First Lien Secured Parties. Nothing Except with respect to requests for post-petition interest, fees and expenses by the Second Lien Representative or any Second Lien Secured Party as described in Section 5.11(b), nothing contained herein shall prohibit or in any way limit the Collateral Agent, the First Lien Agent Representative or any other First Lien Secured Party from objecting in any Insolvency Proceeding with respect to any Grantor or otherwise to any action taken by the Second Lien Representative or any Second Lien Secured Party, including the seeking by any Second Lien Secured Party of adequate protection or the asserting by any Second Lien Secured Party of any of its rights and remedies under the Second Lien Collateral Documents or otherwise, except with respect to such actions expressly permitted hereby.

Appears in 1 contract

Samples: Intercreditor Agreement (Eastman Kodak Co)

No Waivers of Rights of First Lien Secured Parties. Nothing contained herein shall prohibit or in any way limit the Collateral Agent, the First Lien Agent Representative or any other First Lien Secured Party from objecting in any Insolvency Proceeding or otherwise to any action taken by the Second Lien Representative or any Second Lien Secured Party, including the seeking by any Second Lien Secured Party of adequate protection or the asserting by any Second Lien Secured Party of any of its rights and remedies under the Second Lien Collateral Documents or otherwise, except with respect to such actions expressly permitted hereby.

Appears in 1 contract

Samples: Intercreditor Agreement (Triple Crown Media, Inc.)

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