Common use of Prohibition on Contesting Liens; No Marshaling Clause in Contracts

Prohibition on Contesting Liens; No Marshaling. (a) No First Lien Agent will contest in any proceeding (including an Insolvency Proceeding) the validity, enforceability, perfection, priority or extent of any Lien held, or purported to be held by the Second Lien Agent, securing a Second Lien Obligation, but nothing in this section 1.8 will impair the rights of any First Lien Claimholder to enforce this Agreement, including the priority of the Liens securing the First Lien Obligations or the provisions for exercise of remedies. (b) Second Lien Agent will not contest in any proceeding (including an Insolvency Proceeding) the validity, enforceability, perfection, priority or extent of any Lien held, or purported to be held by any First Lien Agent, securing a First Lien Obligation, but nothing in this section 1.8 will impair the rights of any Second Lien Claimholder to enforce this Agreement, including the priority of the Liens securing the Second Lien Obligations or the provisions for exercise of remedies. (c) Until the Discharge of First Lien Obligations, Second Lien Agent will not assert any marshaling, appraisal, valuation, or other similar right that may otherwise be available to a junior secured creditor.

Prohibition on Contesting Liens; No Marshaling. (a) No First Lien Agent will not contest in any proceeding (including an Insolvency Proceeding) the validity, enforceability, perfection, or priority or extent of any Lien held, or purported to be held by the Second Lien Agent, securing a Second Lien Obligation, but nothing in this section 1.8 Section 2.8 will impair the rights of any First Lien Claimholder to enforce this Agreement, including the priority of the Liens securing the First Lien Obligations or the provisions for exercise of remedies. (b) Second Lien Agent will not contest in any proceeding (including an Insolvency Proceeding) the validity, enforceability, perfection, or priority or extent of any Lien held, or purported to be held by any First Lien Agent, securing a First Lien Obligation, but nothing in this section 1.8 Section 2.8 will impair the rights of any Second Lien Claimholder to enforce this Agreement, including the priority of the Liens securing the Second Lien Obligations or the provisions for exercise of remedies. (c) Until the Discharge of First Lien ObligationsObligations up to the First Lien Cap, Second Lien Agent will not assert any marshaling, appraisal, valuation, or other similar right that may otherwise be available to a junior secured creditor.

Prohibition on Contesting Liens; No Marshaling. (aA) No First Lien Agent Claimholder will contest in any proceeding (including an Insolvency Proceeding) the validity, enforceability, perfection, or priority or extent of any Lien held, or purported to be held by the Second Lien Agent, securing a Second Lien Obligation, but nothing in this section 1.8 Section 10.14(a)(ii)(A) will impair the rights of any the First Lien Claimholder Claimholders (acting collectively through the Administrative Agent to the extent required by Section 10.03) to enforce this AgreementSection 10.14, including the priority of the Liens securing the First Lien Obligations or the provisions for exercise of remedies. (bB) No Second Lien Agent Claimholder will not contest in any proceeding (including an Insolvency Proceeding) the validity, enforceability, perfection, or priority or extent of any Lien held, or purported to be held by any First Lien Agent, securing a First Lien Obligation, but nothing in this section 1.8 Section 10.14(a)(ii)(B) will impair the rights of any the Second Lien Claimholder Claimholders (acting collectively through the Administrative Agent to the extent required by Section 10.03) to enforce this AgreementSection 10.14, including the priority of the Liens securing the Second Lien Obligations or the provisions for exercise of remedies. (cC) Until the Discharge of First Lien Obligations, no Second Lien Agent Claimholder will not assert any marshaling, appraisal, valuation, or other similar right that may otherwise be available to a junior secured creditor.