Common use of Post-Petition Claims Clause in Contracts

Post-Petition Claims. 1. Neither the Administrative Agent on behalf of any Subordinated Party, nor any other Subordinated Party, will oppose or seek to challenge any claim by a Senior Party for allowance or payment in any Insolvency Proceeding of Senior Obligations consisting of Post-Petition Claims, to the extent of the value of the Senior Parties’ Lien on the Collateral, without regard to the existence of the Lien of the Administrative Agent for the benefit of the Subordinated Party on the Collateral. 2. Neither the Administrative Agent on behalf of any Senior Party, nor any other Senior Party, will oppose or seek to challenge any claim by a Subordinated Party for allowance and any payment permitted under Section 10(f) in any Insolvency Proceeding of Subordinated Obligations consisting of Post-Petition Claims, to the extent of the value of the Lien of the Administrative Agent for the benefit of the Subordinated Party on the Collateral (after taking account of the existence of the Lien of the Administrative Agent for the benefit of the Senior Parties on the Collateral).

Post-Petition Claims. 1. (i) Neither the Administrative Agent on behalf of any Subordinated Party, nor any other Subordinated Party, will oppose or seek to challenge any claim by a Senior Party for allowance or payment in any Insolvency Proceeding of Senior Obligations consisting of PostXxxx-Petition ClaimsXxxxxxxx Xxxxxx, to the extent of the value of the Senior Parties’ Lien on the Collateral, without regard to the existence of the Lien of the Administrative Agent for the benefit of the Subordinated Party on the Collateral. 2. (ii) Neither the Administrative Agent on behalf of any Senior Party, nor any other Senior Party, will oppose or seek to challenge any claim by a Subordinated Party for allowance and any payment permitted under Section 10(f) in any Insolvency Proceeding of Subordinated Obligations consisting of Post-Petition Claims, to the extent of the value of the Lien of the Administrative Agent for the benefit of the Subordinated Party on the Collateral (after taking account of the existence of the Lien of the Administrative Agent for the benefit of the Senior Parties on the Collateral).

Post-Petition Claims. 1. (i) Neither the Administrative Collateral Agent on behalf of any Subordinated Party, nor any other Subordinated Party, will oppose or seek to challenge any claim by a Senior Party for allowance or payment in any Insolvency Proceeding of Senior Obligations consisting of Post-Petition Claims, to the extent of the value of the Senior Parties’ Lien on the Collateral, without regard to the existence of the Lien of the Administrative Collateral Agent for the benefit of the Subordinated Party on the Collateral. 2. (ii) Neither the Administrative Collateral Agent on behalf of any Senior Party, nor any other Senior Party, will oppose or seek to challenge any claim by a Subordinated Party for allowance and any payment permitted under Section 10(f) in any Insolvency Proceeding of Subordinated Obligations consisting of Post-Petition Claims, to the extent of the value of the Lien of the Administrative Collateral Agent for the benefit of the Subordinated Party on the Collateral (after taking account of the existence of the Lien of the Administrative Collateral Agent for the benefit of the Senior Parties on the Collateral).