Restrictions on Actions. Each Creditor agrees that, so long as any Senior Secured Obligations are outstanding, the provisions of this Agreement shall provide the exclusive method by which any Creditor may exercise rights and remedies under the Security Documents. For the avoidance of doubt, this Agreement shall have no effect whatsoever on the rights or remedies of any Creditor under any credit document relating to the Senior Secured Obligations to which it is party other than a Security Document. Therefore, each Creditor shall, for the mutual benefit of all Creditors, except as permitted under this Agreement:
Appears in 3 contracts
Samples: Intercreditor and Collateral Agency Agreement (Advanced Drainage Systems, Inc.), Intercreditor and Collateral Agency Agreement (Spartech Corp), Intercreditor and Collateral Agency Agreement (Spartech Corp)
Restrictions on Actions. Each Creditor agrees that, so long as any Senior Secured Obligations are outstanding, the provisions of this Agreement shall provide the exclusive method by which any Creditor may exercise rights and remedies under the Security Documents. For the avoidance of doubt, this Agreement shall have no effect whatsoever on the rights or remedies of any Creditor under any credit document relating to the Senior Secured Obligations to which it is party other than a Security Document. Therefore, each Creditor shall, for the mutual benefit of all Creditors, except as permitted under this Agreement:
Appears in 2 contracts
Samples: Intercreditor and Collateral Agency Agreement (Ruby Tuesday Inc), Intercreditor and Collateral Agency Agreement (Ruby Tuesday Inc)
Restrictions on Actions. Each Creditor agrees that, so long as any Senior Secured Obligations are outstanding, the provisions of this Agreement shall provide the exclusive method by which any Creditor may exercise rights and remedies under the Security Documents. For the avoidance of doubt, this Agreement shall have no effect whatsoever on the rights or remedies of any Creditor under any credit or note document relating to the Senior Secured Obligations to which it is party other than a Security Document. Therefore, each Creditor shall, for the mutual benefit of all Creditors, except as permitted under this Agreement:
Appears in 2 contracts
Samples: Intercreditor and Collateral Agency Agreement, Intercreditor and Collateral Agency Agreement (Advanced Drainage Systems, Inc.)
Restrictions on Actions. Each Creditor agrees that, so long as any Senior Secured Obligations are outstanding, the provisions of this Agreement shall provide the exclusive method by which any Creditor may exercise rights and remedies under the Security Documents. For the avoidance of doubt, this Agreement shall have no effect whatsoever on the rights Documents or remedies of any Creditor under any credit document relating with respect to the Senior Secured Obligations to which it is party other than a Security DocumentCollateral. Therefore, each Creditor shall, for the mutual benefit of all Creditors, except as permitted under this Agreement:
Appears in 2 contracts
Samples: Intercreditor and Collateral Agency Agreement (Kapstone Paper & Packaging Corp), Intercreditor and Collateral Agency Agreement (Kapstone Paper & Packaging Corp)
