Notice of Exercise of Remedies. Subject to the terms of this Agreement, each of the First Lien Administrative Agent and the Second Lien Administrative Agent shall endeavor to provide advance notice to each other of an acceleration of any Indebtedness in respect of the First Lien Obligations or the Second Lien Obligations, as the case may be (other than with respect to any automatic accelerations thereunder); provided, however, neither party’s failure to give such notice under this Section 7.06 shall create any claim or cause of action on the part of the other party against the party failing to give such notice for any reason whatsoever. Nothing contained in this Section 7.6 shall limit, restrict, alleviate, or amend any notice requirement otherwise provided in this Agreement or otherwise required under applicable law.
Appears in 3 contracts
Samples: Second Lien Credit Agreement (Sundance Energy Australia LTD), Second Lien Credit Agreement (Sundance Energy Australia LTD), Second Lien Credit Agreement (Sundance Energy Australia LTD)
Notice of Exercise of Remedies. Subject to the terms of this Agreement, each of the First Lien Administrative Agent and the Second Lien Administrative Agent shall endeavor to provide advance notice to each other of an acceleration of any Indebtedness in respect of the First Lien Obligations or the Second Lien Obligations, as the case may be (other than with respect to any automatic accelerations thereunder); provided, however, neither party’s failure to give such notice under this Section 7.06 shall create any claim or cause of action on the part of the other party against the party failing to give such notice for any reason whatsoever. Nothing contained in this Section 7.6 7.06 shall limit, restrict, alleviate, or amend any notice requirement otherwise provided in this Agreement or otherwise required under applicable law.
Appears in 2 contracts
Samples: Intercreditor Agreement (Callon Petroleum Co), Credit Agreement (Atlas Resource Partners, L.P.)
Notice of Exercise of Remedies. Subject to the terms of this Agreement, each of the First Lien Administrative Collateral Agent and the Second Lien Administrative Collateral Agent shall endeavor to provide advance notice to each other of an acceleration of any Indebtedness Obligations in respect of the First Lien Obligations or the Second Lien Obligations, as the case may be (other than with respect to any automatic accelerations thereunder); provided, however, neither party’s failure to give such notice under this Section 7.06 shall create any claim or cause of action on the part of the other party against the party failing to give such notice for any reason whatsoever. Nothing contained in this Section 7.6 7.06 shall limit, restrict, alleviate, or amend any notice requirement otherwise provided in this Agreement or otherwise required under applicable law.
Appears in 2 contracts
Samples: Second Lien Credit Agreement (Titan Energy, LLC), Credit Agreement (Titan Energy, LLC)
Notice of Exercise of Remedies. Subject to the terms of this Agreement, each of the First Lien Administrative Agent and the Second Lien Administrative Collateral Agent shall endeavor to provide advance notice to each other of an acceleration of any Indebtedness in respect of the First Lien Secured Obligations or the Second Lien Secured Obligations, as the case may be (other than with respect to any automatic accelerations thereunder); provided, however, neither party’s 's failure to give such notice under this Section 7.06 shall create any claim or cause of action on the part of the any other party against the party failing to give such notice for any reason whatsoever. Nothing contained in this Section 7.6 7.06 shall limit, restrict, alleviate, or amend any notice requirement otherwise provided in this Agreement or otherwise required under applicable law.
Appears in 1 contract
Samples: Intercreditor Agreement (Silverbow Resources, Inc.)