Restrictions on Actions. Each Secured Party agrees that, so long as any Secured Obligations are outstanding or any Secured Party has any commitment to extend credit in respect thereof pursuant to the terms of the Credit Agreement, the provisions of this Agreement shall provide the exclusive method by which any Secured Party may exercise rights and remedies with respect to the Collateral under the Collateral Documents and under applicable law relating to the rights and remedies of secured creditors. Therefore, each Secured Party shall, for the mutual benefit of all Secured Parties, except as permitted under this Agreement:
Appears in 3 contracts
Samples: Intercreditor and Collateral Agency Agreement (Trex Co Inc), Note Purchase Agreement (Chalone Wine Group LTD), Agency Agreement (Trex Co Inc)
Restrictions on Actions. Each Secured Party agrees that, so long as any Secured Obligations are outstanding or any Secured Party has any commitment to extend credit in respect thereof pursuant to the terms of the Credit Agreementoutstanding, the provisions of this Agreement and the Credit Agreement shall provide the exclusive method by which any Secured Party may individually exercise rights and remedies with respect to the Collateral hereunder and under the other Collateral Documents and under applicable law relating to in respect of the rights and remedies of secured creditorsCollateral. Therefore, each Secured Party shall, for the mutual benefit of all Secured Parties, except as otherwise permitted under this Agreement or the Credit Agreement:
Appears in 3 contracts
Samples: Pledge and Security Agreement (Aramark), Pledge and Security Agreement (Hawker Beechcraft Quality Support Co), Pledge and Security Agreement (Aramark Corp/De)
Restrictions on Actions. Each Secured Party agrees that, so long as any Secured Term Loan Obligations are outstanding or any Secured Party has any commitment to extend credit in respect thereof pursuant to the terms of the Credit Agreementoutstanding, the provisions of this Agreement shall provide the exclusive method by which any Secured Party may exercise rights and remedies with respect to the Collateral hereunder and under the Collateral other Term Loan Security Documents and under applicable law relating to in respect of the rights and remedies of secured creditorsCollateral. Therefore, each Secured Party shall, for the mutual benefit of all Secured Parties, except as otherwise permitted under this Agreement:
Appears in 2 contracts
Samples: Pledge and Security and Intercreditor Agreement (Neiman Marcus, Inc.), Pledge and Security and Intercreditor Agreement (Neiman Marcus Group Inc)
Restrictions on Actions. Each Secured Party agrees that, so long as any Secured Obligations are outstanding or any Secured Party has any commitment to extend credit in respect thereof pursuant to the terms of the Credit Agreement or the JPMorgan Reimbursement Agreement, the provisions of this Security Agreement shall provide the exclusive method by which any Secured Party may exercise rights and remedies with respect to the Collateral under the Collateral Documents and under applicable law relating to the rights and remedies of secured creditors. Therefore, each Secured Party shall, for the mutual benefit of all Secured Parties, except as permitted under this Security Agreement:
Appears in 1 contract
Samples: Security Agreement (Trex Co Inc)
