Common use of Restriction on Enforcement Clause in Contracts

Restriction on Enforcement. Ancillary Facility Lenders and Issuing Banks) shall not restrict any right of an Ancillary Facility Lender to net or set-off in relation to a Multi-account Overdraft Facility, in accordance with the terms of the Senior Facilities Agreement or relevant Pari Passu Debt Document, to the extent that the netting or set-off represents a reduction from a Permitted Gross Amount of that Multi-account Overdraft Facility to or towards its Designated Net Amount.

Appears in 6 contracts

Samples: Intercreditor Agreement (Liberty Global PLC), Agreement (Liberty Global PLC), Agreement (Liberty Global PLC)

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Restriction on Enforcement. Ancillary Facility Lenders and Issuing Banks) shall not restrict any right of an Ancillary Facility Lender to net or set-off in relation to a Multi-account Overdraft Facility, in accordance with the terms of the Senior Facilities Agreement, the relevant Permitted Senior Financing Agreement or the relevant Pari Passu Debt DocumentOperating Facility Document (as the case may be), to the extent that the netting or set-off represents a reduction from a Permitted Gross Amount of that Multi-account Overdraft Facility to or towards its Designated Net Amount.

Appears in 3 contracts

Samples: Intercreditor Agreement (Paysafe LTD), Intercreditor Agreement (Paysafe LTD), Intercreditor Agreement (Paysafe LTD)

Restriction on Enforcement. Ancillary Facility Lenders and Issuing Banks) shall not restrict any right of an Ancillary Facility Lender to net or set-set off in relation to a Multi-account Multi Account Overdraft Facility, in accordance with the terms of the Senior Facilities Agreement or relevant Pari Passu Debt Documentany Revolving Facility Agreement, to the extent that the netting or set-set off represents a reduction from a Permitted Gross Amount of that Multi-account Multi Account Overdraft Facility to or towards its Designated Net Amount.

Appears in 2 contracts

Samples: Intercreditor Agreement (InterXion Holding N.V.), Intercreditor Agreement (InterXion Holding N.V.)

Restriction on Enforcement. Ancillary Facility Lenders and Issuing BanksLenders) shall not restrict any right of an Ancillary Facility Lender to net or set-off in relation to a Multi-account Overdraft Facility, in accordance with the terms of the Senior Facilities Agreement or relevant Pari Passu Debt DocumentCredit Facility Documents, to the extent that the netting or set-off represents a reduction from a Permitted Gross Amount of that Multi-account Overdraft Facility to or towards its Designated Net Amount.

Appears in 2 contracts

Samples: Intercreditor Agreement (Nord Anglia Education, Inc.), Intercreditor Agreement (Nord Anglia Education, Inc.)

Restriction on Enforcement. Ancillary Facility Lenders and Lenders, Issuing Banks) shall not restrict any right of an Ancillary Facility Lender to net or set-off in relation to an Ancillary Facility which is a Multimulti-account Overdraft Facilityoverdraft facility, to the extent permitted by and in accordance with the terms of the Senior Facilities Agreement, any Permitted Super Senior Secured Facilities Agreement or relevant Pari Passu Debt Document, to the extent that the netting or set-off represents a reduction from a any Permitted Gross Amount of that Multi-account Overdraft Facility to or towards its Designated Net AmountSenior Secured Facilities Agreement.

Appears in 1 contract

Samples: Intercreditor Agreement

Restriction on Enforcement. Ancillary Facility Lenders and Issuing Banks) shall not restrict any right of an Ancillary Facility Lender to net or set-off in relation to a Multi-account Overdraft Facility, in accordance with the terms of the Senior Facilities Agreement or relevant Pari Passu Debt DocumentAgreement, to the extent that the netting or set-off represents a reduction from a Permitted Gross Amount of that Multi-account Overdraft Facility to or towards its Designated Net Amount.

Appears in 1 contract

Samples: Intercreditor Agreement

Restriction on Enforcement. Ancillary Facility Lenders and Issuing Banks) shall not restrict any right of an Ancillary Facility Lender to net or set-off in relation to a Multi-Multi- account Overdraft Facility, in accordance with the terms of the Revolving Facilities Agreement, the relevant Permitted Senior Facilities Financing Agreement or the relevant Pari Passu Debt DocumentOperating Facility Document (as the case may be), to the extent that the netting or set-set- off represents a reduction from a Permitted Gross Amount of that Multi-account Overdraft Facility to or towards its Designated Net Amount.

Appears in 1 contract

Samples: Project Albion Intercreditor Agreement

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Restriction on Enforcement. Ancillary Facility Lenders and Issuing Banks) shall not restrict any right of an Ancillary Facility Lender to net or set-off in relation to a Multi-Multi- account Overdraft Facility, in accordance with the terms of the Revolving Facilities Agreement, the relevant Permitted Senior Facilities Financing Agreement or the relevant Pari Passu Debt DocumentOperating Facility Document (as the case may be), to the extent that the netting or set-off represents a reduction from a Permitted Gross Amount of that Multi-account Overdraft Facility to or towards its Designated Net Amount.

Appears in 1 contract

Samples: Intercreditor Agreement

Restriction on Enforcement. Ancillary Facility Lenders and Issuing Banks) shall not restrict any right of an Ancillary Facility Lender to net or set-set off in relation to a Multi-account Overdraft Facility, in accordance with the terms of the Senior Facilities Agreement or relevant Pari Passu Debt DocumentAgreement, to the extent that the netting or set-off represents a reduction from a Permitted Gross Amount of that Multi-account Overdraft Facility to or towards its Designated Net Amount.

Appears in 1 contract

Samples: Intercreditor Agreement (Amc Entertainment Holdings, Inc.)

Restriction on Enforcement. Ancillary Facility Lenders and Issuing Banks) shall not restrict any right of an Ancillary Facility Lender to net or set-off in relation to a Multi-account Overdraft Facility, in accordance with the terms of relevant Permitted Senior Financing Agreement, the Senior Facilities relevant Priority Facility Agreement or the relevant Pari Passu Debt DocumentOperating Facility Document (as the case may be), to the extent that the netting or set-off represents a reduction from a Permitted Gross Amount of that Multi-account Overdraft Facility to or towards its Designated Net Amount.

Appears in 1 contract

Samples: Intercreditor Agreement

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