Common use of Prohibition on Contesting Liens Clause in Contracts

Prohibition on Contesting Liens. The Revolving Credit Collateral Agent on behalf of itself and the Revolving Credit Claimholders and the Notes Collateral Agent on behalf of itself and the Notes Claimholders agrees that it will not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority, validity or enforceability of a Lien held by or on behalf of any of the Revolving Credit Claimholders or any of the Notes Claimholders in all or any part of the Collateral, or the provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of any Revolving Credit Collateral Agent, any Revolving Credit Claimholder, the Notes Collateral Agent or any Notes Claimholder to enforce this Agreement, including the provisions of this Agreement relating to the priority of the Liens securing the Obligations as provided in Sections 2.1, 2.2 and 3.1.

Appears in 7 contracts

Samples: Intercreditor Agreement (EM Holdings LLC), Intercreditor Agreement (Edgen Group Inc.), Intercreditor Agreement (Edgen Group Inc.)

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Prohibition on Contesting Liens. The Revolving Credit Each of the Term Loan Collateral Agent Agent, for itself and on behalf of itself each Term Loan Claimholder, and the Revolving Credit Claimholders Collateral Agent, for itself and the Notes Collateral Agent on behalf of itself and the Notes Claimholders each Revolving Credit Claimholder, agrees that it will not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority, validity or enforceability of a Lien held by or on behalf of any of the Revolving Credit Claimholders or any of the Notes Term Loan Claimholders in all or any part of the Collateral, or the provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of either Agent or any Revolving Credit Collateral Agent, any Revolving Credit Claimholder, the Notes Collateral Agent Claimholder or any Notes Term Loan Claimholder to enforce this Agreement, including the provisions of this Agreement relating to the priority of the Liens securing the Obligations as provided in Sections 2.1, 2.2 3.1 and 3.13.2.

Appears in 2 contracts

Samples: Intercreditor Agreement (J Crew Group Inc), Intercreditor Agreement (J Crew Group Inc)

Prohibition on Contesting Liens. The Revolving Credit Agent, Revolving Credit Claimholders, the Collateral Agent on behalf of itself Trustee, each Secured Debt Representative and the Revolving Credit Claimholders and the Notes Collateral Agent on behalf of itself and the Notes Claimholders Secured Debt Claimholders, each agrees that it will not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority, validity or enforceability of a Lien held by or on behalf of any of the Revolving Credit Claimholders or any of the Notes Secured Debt Claimholders in all or any part of the Collateral, or the provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of any the either the Revolving Credit Collateral Agent, Agent or any Revolving Credit Claimholder, the Notes Collateral Agent Trustee, or the Secured Debt Representatives or any Notes Secured Debt Claimholder to enforce this Agreement, including the provisions of this Agreement relating to the priority of the Liens securing the Obligations as provided in Sections 2.1, 2.2 3.1 and 3.13.2.

Appears in 2 contracts

Samples: Intercreditor Agreement (NewPage Energy Services LLC), Intercreditor Agreement (NewPage Holding CORP)

Prohibition on Contesting Liens. The Fixed Asset Collateral Agent, for itself and on behalf of each Fixed Asset Claimholder, and theeach Revolving Credit Collateral Agent Agent, for itself and on behalf of itself and the each applicable Revolving Credit Claimholders and the Notes Collateral Agent on behalf of itself and the Notes Claimholders Claimholder, agrees that it will not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority, validity or enforceability of a Lien held by or on behalf of any of the Revolving Credit Claimholders Claimholders, or any of the Notes Fixed Asset Claimholders in all or any part of the Collateral, or the provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of any Revolving Credit Collateral Agent, any Revolving Credit Claimholder, the Notes Collateral Agent or any Notes Revolving Credit Claimholder or Fixed Asset Claimholder to enforce this Agreement, including the provisions of this Agreement relating to the priority of the Liens securing the Obligations as provided in Sections 2.1, 2.2 3.1 and 3.13.2.

Appears in 1 contract

Samples: Intercreditor Agreement (Cenveo, Inc)

Prohibition on Contesting Liens. The Revolving Credit Each of the Collateral Agent Agent, for itself and on behalf of itself each Note Claimholder, and the Revolving Credit Claimholders Agent, for itself and the Notes Collateral Agent on behalf of itself and the Notes Claimholders each Revolving Credit Claimholder, agrees that it will not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority, validity or enforceability of a Lien held by or on behalf of any of the Revolving Credit Claimholders or any of the Notes Note Claimholders in all or any part of the Collateral, or the provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of either Agent or any Revolving Credit Collateral Agent, any Revolving Credit Claimholder, the Notes Collateral Agent Claimholder or any Notes Note Claimholder to enforce this Agreement, including the provisions of this Agreement relating to the priority of the Liens securing the Obligations as provided in Sections 2.1, 2.2 3.1 and 3.13.2.

Appears in 1 contract

Samples: Intercreditor Agreement (CitiSteel PA, Inc.)

Prohibition on Contesting Liens. The Revolving Credit Each of the Term Loan Collateral Agent Agent, for itself and on behalf of itself each Term Loan Claimholder, and the Revolving Credit Claimholders Collateral Agent, for itself and the Notes Collateral Agent on behalf of itself and the Notes Claimholders each Revolving Credit Clairnholder, agrees that it will not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority, validity or enforceability of a Lien held by or on behalf of any of the Revolving Credit Claimholders or any of the Notes Term Loan Claimholders in all or any part of the Collateral, or the provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of either Agent or any Revolving Credit Collateral Agent, any Revolving Credit Claimholder, the Notes Collateral Agent Claimholder or any Notes Term Loan Claimholder to enforce this Agreement, including the provisions of this Agreement relating to the priority of the Liens securing the Obligations as provided in Sections 2.1, 2.2 3.1 and 3.13.2.

Appears in 1 contract

Samples: Credit Agreement (J Crew Group Inc)

Prohibition on Contesting Liens. The Each Revolving Credit Collateral Agent on behalf of itself and Agent, the Revolving Credit Claimholders Claimholders, the Term Loan Collateral Agent, and the Notes Collateral Agent on behalf of itself and the Notes Claimholders agrees Term Loan Claimholders, each agree that it will not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority, validity or enforceability of a Lien held by or on behalf of any of the Revolving Credit Claimholders or any of the Notes Term Loan Claimholders in all or any part of the Collateral, or the provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of any Revolving Credit Collateral Agent, any Revolving Credit Claimholder, the Notes Term Loan Collateral Agent or any Notes Term Loan Claimholder to enforce this Agreement, including the provisions of this Agreement relating to the priority of the Liens securing the Obligations as provided in Sections 2.1, 2.2 2.1 and 3.1.

Appears in 1 contract

Samples: Intercreditor Agreement (Edgen Murray LTD)

Prohibition on Contesting Liens. The Revolving Credit Fixed Asset Collateral Agent Agent, for itself and on behalf of itself each Fixed Asset Claimholder, and the Revolving Credit Claimholders Collateral Agent, for itself and the Notes Collateral Agent on behalf of itself and the Notes Claimholders each Revolving Credit Claimholder, agrees that it will not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority, validity or enforceability of a Lien held by or on behalf of any of the Revolving Credit Claimholders or Claimholders, any of the Notes Fixed Asset Claimholders in all or any part of the Collateral, or the provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of any Revolving Credit Collateral Agent, any Revolving Credit Claimholder, the Notes Collateral Agent or any Notes Revolving Credit Claimholder or Fixed Asset Claimholder to enforce this Agreement, including the provisions of this Agreement relating to the priority of the Liens securing the Obligations as provided in Sections 2.1, 2.2 3.1 and 3.13.2.

Appears in 1 contract

Samples: Intercreditor Agreement (Cenveo, Inc)

Prohibition on Contesting Liens. The Revolving Credit Each Fixed Asset Collateral Agent Agent, for itself and on behalf of itself each applicable Fixed Asset Claimholder, and the Revolving Credit Claimholders Collateral Agent, for itself and the Notes Collateral Agent on behalf of itself and the Notes Claimholders each Revolving Credit Claimholder, agrees that it will not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority, validity or enforceability of a Lien held by or on behalf of any of the Revolving Credit Claimholders or Claimholders, any of the Notes Fixed Asset Claimholders in all or any part of the Collateral, or the provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of any Revolving Credit Collateral Agent, any Revolving Credit Claimholder, the Notes Collateral Agent or any Notes Revolving Credit Claimholder or Fixed Asset Claimholder to enforce this Agreement, including the provisions of this Agreement relating to the priority of the Liens securing the Obligations as provided in Sections 2.1, 2.2 3.1 and 3.13.2.

Appears in 1 contract

Samples: Intercreditor Agreement (CommScope Holding Company, Inc.)

Prohibition on Contesting Liens. The Revolving Credit Each Notes Collateral Agent Agent, for itself and on behalf of each applicable Notes Claimholder, and the ABL Administrative Agent, for itself and the Revolving Credit Claimholders and the Notes Collateral Agent on behalf of itself and the Notes Claimholders each ABL Claimholder, agrees that it will not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority, validity or enforceability of a Lien held held, or the allowability of claims asserted, by or on behalf of any of the Revolving Credit Claimholders or ABL Claimholders, any of the Notes Claimholders in all or any part of the Collateral, or the provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of any Revolving Credit Collateral Agent, any Revolving Credit Claimholder, the Notes Collateral Agent or any ABL Claimholder or Notes Claimholder to enforce this Agreement, including the provisions of this Agreement relating to the priority of the Liens securing the Obligations as provided in Sections 2.1, 2.2 3.1 and 3.13.2.

Appears in 1 contract

Samples: Collateral Agreement (Arconic Corp)

Prohibition on Contesting Liens. The Revolving Credit Each of the Noteholder Collateral Agent Agent, for itself and on behalf of itself each Note Claimholder, and the Revolving Credit Claimholders Agent, for itself and the Notes Collateral Agent on behalf of itself and the Notes Claimholders each Revolving Credit Claimholder, agrees that it will not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation ProceedingProceeding with respect to any Grantor), the perfection, priority, validity or enforceability of a Lien held by or on behalf of any of the Revolving Credit Claimholders or any of the Notes Note Claimholders in all or any part of the Collateral, or the provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of either Agent or any Revolving Credit Collateral Agent, any Revolving Credit Claimholder, the Notes Collateral Agent Claimholder or any Notes Note Claimholder to enforce this Agreement, including the provisions of this Agreement relating to the priority of the Liens securing the Obligations as provided in Sections 2.1, 2.2 2.1 and 3.1.

Appears in 1 contract

Samples: Intercreditor Agreement (Claymont Steel Holdings, Inc.)

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Prohibition on Contesting Liens. The Revolving Credit Each Priority Collateral Agent Agent, for itself and on behalf of each applicable Priority Claimholder and each Notes Collateral Agent, for itself and the Revolving Credit Claimholders and the Notes Collateral Agent on behalf of itself and the each applicable Notes Claimholders Claimholder, agrees that it will not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority, validity or enforceability of a Lien held by or on behalf of any of the Revolving Credit Priority Claimholders or any of the Notes Claimholders in all or any part of the Collateral, or the provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of any Revolving Credit Collateral Agent, any Revolving Credit Claimholder, the Notes Priority Collateral Agent or any Notes Priority Claimholder to enforce this Agreement, including the provisions of this Agreement relating to the priority of the Liens securing the Priority Obligations as provided in Sections 2.1, 2.2 2.1 and 3.1.

Appears in 1 contract

Samples: Credit Agreement (Zekelman Industries, Inc.)

Prohibition on Contesting Liens. The US Revolving Credit Collateral Agent on behalf of itself and the Revolving Credit Claimholders and the Notes Collateral Agent on behalf of itself and the Notes Claimholders agrees that it will not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority, validity or enforceability of a Lien held by or on behalf of any of the Revolving Credit Claimholders or any of the Notes Claimholders in all or any part of the Collateral, or the provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of any Revolving Credit Collateral Agent, any Revolving Credit Claimholder, the Notes Collateral Agent or any Notes Claimholder to enforce this Agreement, including the provisions of this Agreement relating to the priority of the Liens securing the Obligations as provided in Sections 2.1, 2.2 and 3.1.

Appears in 1 contract

Samples: Intercreditor Agreement (EM Holdings LLC)

Prohibition on Contesting Liens. The Revolving Credit Collateral Agent on behalf of itself Agent, Revolving Credit Claimholders, the Note Lien Collateral Agent, each Note Lien Representative and the Revolving Credit Claimholders and the Notes Collateral Agent on behalf of itself and the Notes Claimholders Note Lien Claimholders, each agrees that it will not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority, validity or enforceability of a Lien held by or on behalf of any of the Revolving Credit Claimholders or any of the Notes Note Lien Claimholders in all or any part of the Collateral, or the provisions of this Agreement; provided provided, that nothing in this Agreement shall be construed to prevent or impair the rights of either any Revolving Credit Collateral Agent, Agent or any Revolving Credit Claimholder, the Notes Note Lien Collateral Agent Agent, or the Note Lien Representatives or any Notes Note Lien Claimholder to enforce this Agreement, including the provisions of this Agreement relating to the priority of the Liens securing the Obligations as provided in Sections 2.1, 2.2 3.1 and 3.13.2.

Appears in 1 contract

Samples: Intercreditor Agreement (LNT Leasing II, LLC)

Prohibition on Contesting Liens. The US Revolving Credit Collateral Agent on behalf of itself and the Revolving Credit Claimholders and the Notes Collateral Agent on behalf of itself and the Notes Claimholders agrees that it will not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority, validity or enforceability of a Lien held by or on behalf of any of the Revolving Credit Claimholders or any of the Notes Claimholders in all or any part of the Collateral, or the provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of any the US Revolving Credit Collateral Agent, any Revolving Credit Claimholder, the Notes Collateral Agent or any Notes Claimholder to enforce this Agreement, including the provisions of this Agreement relating to the priority of the Liens securing the Obligations as provided in Sections 2.1, 2.2 and 3.1.

Appears in 1 contract

Samples: Intercreditor Agreement (Edgen Group Inc.)

Prohibition on Contesting Liens. The Revolving Credit Each of the Second Lien Term Loan Collateral Agent Agent, for itself and on behalf of itself each Second Lien Term Loan Claimholder, and the Revolving Credit Claimholders Collateral Agent, for itself and the Notes Collateral Agent on behalf of itself and the Notes Claimholders each Revolving Credit Claimholder, agrees that it will not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority, validity or enforceability of a Lien held by or on behalf of any of the Revolving Credit Claimholders or any of the Notes Second Lien Term Loan Claimholders in all or any part of the Collateral, or the provisions of this Agreement, as the case may be; provided that nothing in this Agreement shall be construed to prevent or impair the rights of either Agent or any Revolving Credit Collateral Agent, any Revolving Credit Claimholder, the Notes Collateral Agent Claimholder or any Notes Second Lien Term Loan Claimholder to enforce this Agreement, including the provisions of this Agreement relating to the priority of the Liens securing the Obligations as provided in Sections 2.1, 2.2 3.1 and 3.13.2.

Appears in 1 contract

Samples: Intercreditor Agreement (Dura Automotive Systems Inc)

Prohibition on Contesting Liens. The Revolving Credit Each of the Collateral Agent Trustee, for itself and on behalf of each Secured Debt Representative and Secured Debt Claimholder, and the Priority Lien Representative, for itself and the Revolving Credit Claimholders and the Notes Collateral Agent on behalf of itself and the Notes Claimholders each Priority Lien Claimholder, agrees that it will not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority, validity validity, perfection or enforceability of a Lien held by or on behalf of any of the Revolving Credit Priority Lien Claimholders in the Collateral or by or on behalf of any of the Notes Secured Debt Claimholders in all or any part of the Secured Debt Collateral, as the case may be, or the provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of any Revolving Credit Collateral Agent, any Revolving Credit Claimholder, the Notes Collateral Agent Priority Lien Representative or any Notes Priority Lien Claimholder to enforce this Agreement, including the provisions of this Agreement relating to the priority of the Liens securing the Priority Lien Obligations as provided in Sections 2.1, 2.2 2.1 and 3.1.

Appears in 1 contract

Samples: Collateral Trust Agreement (Leap Wireless International Inc)

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