Restrictions on Actions. Each Creditor (or in the case of the Lenders, the Administrative Agent on behalf of the Lenders) 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. Therefore, each Creditor shall, for the mutual benefit of all Creditors, except as permitted under this Agreement:
Appears in 2 contracts
Samples: Note Purchase Agreement (Essential Utilities, Inc.), Intercreditor and Collateral Agency Agreement (Macquarie Infrastructure CO LLC)
Restrictions on Actions. Each Creditor (or in the case of the Lenders, the Administrative Agent on behalf of the Lenders) agrees that, so long as any Senior Secured Obligations are outstandingoutstanding or available, the provisions of this Agreement shall provide the exclusive method by which any Creditor may exercise rights and remedies under the Security Documents. 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
Restrictions on Actions. Each Participating Creditor (or in the case of the Lenders, the Administrative Agent on behalf of the Lenders) agrees that, so from the date of this Agreement, as long as any Senior Secured Outstanding Obligations are outstandingexist, the provisions of this Agreement shall provide the exclusive method by which any Participating Creditor may exercise rights and remedies under the Security Documents. Therefore, each Participating Creditor shall, for the mutual benefit of all Participating Creditors, except as permitted under this Agreement:
Appears in 1 contract
