Common use of Priorities Unaffected by Action or Inaction Clause in Contracts

Priorities Unaffected by Action or Inaction. The lien priorities provided in Section 2.2 hereof shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement or refinancing of either the Senior Debt or the Junior Debt, nor by any action or inaction which any Creditor may take or fail to take in respect of the Collateral.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Hanover Direct Inc)

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Priorities Unaffected by Action or Inaction. The lien priorities provided in Section 2.2 hereof shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement restatement, replacement or refinancing of either the Senior Revolving Loan Debt or the Junior Supplemental Loan Debt, nor by any action or inaction which any Creditor Agent or Lender may take or fail to take in respect of the Collateral, unless consented to in writing by the party sought to be charged.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Penn Traffic Co)

Priorities Unaffected by Action or Inaction. The lien Lien priorities provided in Section 2.2 hereof 3.1 shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement restatement, replacement or refinancing of either the Senior Secured Lenders Debt, Cedar Debt or the Junior Super Senior Secured Debt, nor by any action or inaction which any Secured Creditor may take or fail to take in respect of the Collateral.

Appears in 1 contract

Samples: And Assignment Agreement (Voip Inc)

Priorities Unaffected by Action or Inaction. The lien Lien priorities provided in Section 2.2 hereof 3.1 shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement restatement, replacement or refinancing of either the Senior Secured Lenders Debt, Cedar Debt or the Junior Super Senior Secured Debt, nor by any action or inaction which any Creditor secured creditor may take or fail to take in respect of the Collateral.

Appears in 1 contract

Samples: Waiver and Amendment Agreement (Voip Inc)

Priorities Unaffected by Action or Inaction. The lien priorities provided in Section 2.2 hereof shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement or refinancing of either any of the Senior Debt or the Junior Debt, nor by any action or inaction which any Creditor may take or fail to take in respect of the Collateral.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Rouge Industries Inc)

Priorities Unaffected by Action or Inaction. The lien priorities provided in Section 2.2 hereof shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement or refinancing of either the Senior Debt (which does not contravene Section 4.1(c) or (f)), or the Junior Debt or the Enron Inventory Debt, nor by any action or inaction which any Creditor may take or fail to take in respect of the Collateral or the Enron Inventory Collateral.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Huntco Inc)

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Priorities Unaffected by Action or Inaction. The lien ------------------------------------------------ priorities provided in Section 2.2 hereof shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement restatement, replacement or refinancing of either the Senior Revolving Loan Debt or the Junior Noteholder Debt, nor by any action or inaction which any Secured Creditor may take or fail to take in respect of the Collateral.

Appears in 1 contract

Samples: Intercreditor Agreement (Charys Holding Co Inc)

Priorities Unaffected by Action or Inaction. The lien priorities provided in Section 2.2 hereof shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement restatement, replacement or refinancing of either the Senior CDS Debt or the Junior Imperium Debt, nor by any action or inaction which any Secured Creditor may take or fail to take in respect of the Collateral.

Appears in 1 contract

Samples: Intercreditor Agreement (Integrated Biopharma Inc)

Priorities Unaffected by Action or Inaction. The lien priorities provided in Section Sections 2.1 and 2.2 hereof shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement or refinancing of either the Senior Debt or the Junior Debt, nor by any action or inaction which any Creditor may take or fail to take in respect of the Collateral.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Mackie Designs Inc)

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