Common use of Notices of Exercise Clause in Contracts

Notices of Exercise. Concurrently with any exercise by the Collateral Agent of any of its rights and remedies under the Indenture Agreements following the occurrence of any default under the Indenture Agreements, the Collateral Agent shall give notice of such exercise to the 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 Senior Agent of any of its rights and remedies under the Senior Credit Documents following the occurrence of any default under the Senior Credit Documents, the 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 (Altra Holdings, Inc.)

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Notices of Exercise. Concurrently with any exercise by the Collateral Agent of any of its rights and remedies under the Indenture Agreements Noteholder Documents following the occurrence of any default under the Indenture AgreementsEvent of Default, the Collateral Agent shall give notice of such exercise to the Senior Agent and shall only exercise such all rights or remedies in a manner under the Noteholder Documents consistent with the terms of this Agreement. Concurrently with any exercise by the Senior Agent of any of its rights and remedies under the Senior Credit Lender Loan Documents following the occurrence of any default under the Senior Credit DocumentsEvent of Default, the 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 (GNLV Corp)

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Notices of Exercise. Concurrently with any exercise by the Collateral Agent of any of its rights and remedies under the Indenture Agreements Noteholder Documents following the occurrence of any default under the Indenture AgreementsEvent of Default, the Collateral Agent shall give notice of such exercise to the Senior Agent Lender and shall only exercise such all rights or remedies in a manner under the Noteholder Documents consistent with the terms of this Agreement. Concurrently with any exercise by the Senior Agent Lender of any of its rights and remedies under the Senior Credit Loan Documents following the occurrence of any default under the Senior Credit DocumentsLoan Agreement Event of Default, the Senior Agent 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 Agreement (Viskase Companies Inc)

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