Common use of Prohibition on Marshalling, Etc Clause in Contracts

Prohibition on Marshalling, Etc. Until the Discharge of Priority Lien Obligations, the Second Lien Agent will not assert any marshalling, appraisal, valuation, or other similar right that may otherwise be available to a junior secured creditor.

Appears in 2 contracts

Samples: Note Purchase Agreement (Goodrich Petroleum Corp), Intercreditor Agreement (Gastar Exploration Inc.)

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Prohibition on Marshalling, Etc. Until the Discharge of Priority Lien Obligations, the Second Lien Collateral Agent will not assert any marshalling, appraisal, valuation, or other similar right that may otherwise be available to a junior secured creditor.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (California Resources Corp)

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