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 shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement, replacement or refinancing of either the Revolving Loan Debt or the Supplemental Loan Debt, nor by any action or inaction which any 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)

AutoNDA by SimpleDocs

Priorities Unaffected by Action or Inaction. The lien ------------------------------------------------ priorities provided in Section 2.2 shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement, replacement or refinancing of either the Revolving Loan Debt or the Supplemental Loan Noteholder Debt, nor by any action or inaction which any Agent or Lender Secured Creditor 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 Agreement (Charys Holding Co Inc)

Priorities Unaffected by Action or Inaction. The lien priorities provided in Section 2.2 shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement, replacement restatement or refinancing of either any of the Revolving Loan Debt or the Supplemental Loan Debt, nor by any action or inaction which any Agent or Lender Creditor 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 (Rouge Industries Inc)

Priorities Unaffected by Action or Inaction. The lien Lien priorities provided in Section 2.2 3.1 shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement, replacement or refinancing of either the Revolving Loan Secured Lenders Debt, Cedar Debt or the Supplemental Loan Super Senior Secured Debt, nor by any action or inaction which any Agent or Lender Secured Creditor 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, Subordination, Default Waiver and Assignment Agreement (Voip Inc)

AutoNDA by SimpleDocs

Priorities Unaffected by Action or Inaction. The lien priorities provided in Section 2.2 shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement, replacement or refinancing of either the Revolving Loan CDS Debt or the Supplemental Loan Imperium Debt, nor by any action or inaction which any Agent or Lender Secured Creditor 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 Agreement (Integrated Biopharma Inc)

Priorities Unaffected by Action or Inaction. The lien priorities provided in Section Sections 2.1 and 2.2 shall not be altered or otherwise affected by any amendment, modification, supplement, extension, renewal, restatement, replacement restatement or refinancing of either the Revolving Loan Senior Debt or the Supplemental Loan Junior Debt, nor by any action or inaction which any Agent or Lender Creditor 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 (Mackie Designs Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!