Notices of Exercise. Concurrently with any exercise by the Collateral Agent of any of its rights and remedies under the Indenture Loan Documents following the occurrence of any default under the Indenture, the Notes, or the Indenture Loan Documents, the Collateral Agent shall give notice of such exercise to the Lender and shall only exercise such rights or remedies in a manner consistent with the terms of this Agreement. Concurrently with any exercise by the Lender of any of its rights and remedies under the Lender Loan Documents following the occurrence of any default under the Lender Loan Documents, the Lender shall give notice of such exercise to the Collateral Agent and shall only exercise such rights or remedies in a manner consistent with the terms of this Agreement.
Appears in 2 contracts
Samples: Intercreditor Agreement (Empire Resorts Inc), Intercreditor and Lien Subordination Agreement (Mortons Restaurant Group Inc)
Notices of Exercise. Concurrently with any exercise by the Collateral Agent of any of its rights and remedies under the Indenture Loan Documents following the occurrence of any default under the Indenture, the Notes, or any of the Indenture Loan Documents, the Collateral Agent shall give notice of such exercise to the Lender Agent and shall only exercise such rights or remedies in a manner consistent with the terms of this Agreement. Concurrently with any exercise by the Lender Agent of any of its rights and remedies under the Lender Loan Documents following the occurrence of any default under any of the Lender Loan Documents, the Lender Agent shall give notice of such exercise to the Collateral Agent and shall only exercise such rights or remedies in a manner consistent with the terms of this Agreement.
Appears in 1 contract
Samples: Intercreditor and Lien Subordination Agreement (155 East Tropicana, LLC)
Notices of Exercise. Concurrently with any exercise by the Collateral Agent of any of its rights and remedies under the Indenture Loan Documents following the occurrence of any default under the Indenture, the Notes, or the Indenture Loan Documents, the Collateral Agent shall give notice of such exercise to the Lender Agent and shall only exercise such rights or remedies in a manner consistent with the terms of this Agreement. Concurrently with any exercise by the Lender Agent of any of its rights and remedies under the Lender Loan Documents following the occurrence of any default under the Lender Loan Documents, the Lender Agent shall give notice of such exercise to the Collateral Agent and shall only exercise such rights or remedies in a manner consistent with the terms of this Agreement.
Appears in 1 contract
Samples: Intercreditor and Lien Subordination Agreement (Oasis Interval Ownership, LLC)
Notices of Exercise. Concurrently with any exercise by the Collateral Agent of any of its rights and remedies under the Indenture Loan Documents following the occurrence of any default under the Indenture, the Notes, or the Indenture Loan DocumentsEvent of Default, the Collateral Agent shall give notice of such exercise to the Lender and shall only exercise such rights or remedies in a manner consistent with the terms of this Agreement. Concurrently with any exercise by the Lender of any of its rights and remedies under the Lender Loan Documents following the occurrence of any default under the Lender Loan DocumentsEvent of Default, the Lender shall give notice of such exercise to the Collateral Agent and shall only exercise such rights or remedies in a manner consistent with the terms of this Agreement.
Appears in 1 contract
Samples: Intercreditor and Lien Subordination Agreement (Phibro Animal Health Corp)
Notices of Exercise. Concurrently with any exercise by the Collateral Agent of any of its rights and remedies under the Indenture Loan Documents following the occurrence of any default under the Indenture, the Notes, or the Indenture Loan Documents, the Collateral Agent shall give notice of such exercise to the Lender Senior Agent and shall only exercise such rights or remedies in a manner consistent with the terms of this Agreement. Concurrently with any exercise by the Lender Senior Agent of any of its rights and remedies under the Lender Senior Loan Documents following the occurrence of any default under the Lender Senior Loan Documents, the Lender Senior Agent shall give notice of such exercise to the Collateral Agent and shall only exercise such rights or remedies in a manner consistent with the terms of this Agreement.
Appears in 1 contract
Samples: Intercreditor and Lien Subordination Agreement (Boston Gear LLC)