Common use of Permitted Actions by Subordinated Claimholders Clause in Contracts

Permitted Actions by Subordinated Claimholders. Notwithstanding anything to the contrary in this Section 4, the Subordinated Agent and any other Subordinated Claimholder may take any of the following actions, which shall not constitute the Exercise of Secured Creditor Remedies:

Appears in 2 contracts

Samples: Senior Term Loan Credit Agreement (Bumble Bee Capital Corp.), Senior Revolving Credit Agreement (Bumble Bee Capital Corp.)

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Permitted Actions by Subordinated Claimholders. Notwithstanding anything to the contrary in this Section 4Agreement, the Subordinated Agent and any other Subordinated Claimholder may take any of the following actions, which shall not constitute a Collection Action or the Exercise of Secured Creditor Remedies:

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Global Telecom & Technology, Inc.)

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Permitted Actions by Subordinated Claimholders. Notwithstanding anything to the contrary in this Section 4, the Subordinated Agent and any other Subordinated Claimholder may take any of the following actions, which shall not constitute the Exercise of Secured Creditor Remedies:

Appears in 1 contract

Samples: Subordination and Intercreditor Agreement (Nuverra Environmental Solutions, Inc.)

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