Common use of Rights as Unsecured Lenders Clause in Contracts

Rights as Unsecured Lenders. In any Insolvency Proceeding, to the extent not prohibited by this Agreement, each Secured Creditor may take any action, file any pleading, appear in any proceeding and exercise rights and remedies as unsecured creditors.

Rights as Unsecured Lenders. In any Insolvency Proceeding, to the extent not prohibited by this Agreement, each Secured Creditor may take any action, file any pleading, appear in any proceeding and exercise rights and remedies that could be taken by any unsecured creditor, in its capacity as unsecured creditorssuch.

Rights as Unsecured Lenders. In any Insolvency Proceeding, to the extent not prohibited by inconsistent with this Agreement, each Secured Creditor may take any action, file any pleading, appear in any proceeding and exercise rights and remedies as unsecured creditors.