Rights as Unsecured Lenders. In any Insolvency Proceeding, the Second Lien Creditors may exercise any rights and remedies that could be exercised by an unsecured creditor in accordance with the terms of the Second Lien Documents and applicable law, in each case in a manner not inconsistent with the terms of this Agreement.
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Samples: Intercreditor Agreement (Rand Logistics, Inc.), Intercreditor Agreement (Rand Logistics, Inc.)
Rights as Unsecured Lenders. In Notwithstanding anything to the contrary in this Agreement, in any Insolvency Proceeding, the Second Lien Creditors may exercise any rights and remedies that could be exercised by an unsecured creditor in accordance with the terms of the Second Lien Documents and applicable law, in each case in a manner not inconsistent with the terms of Section 2 and Section 6.11 of this Agreement.
Appears in 1 contract
Samples: Intercreditor Agreement (Spinal Elements Holdings, Inc.)
Rights as Unsecured Lenders. In any Insolvency Proceeding, the Second Lien Creditors Creditor may exercise any rights and remedies that could be exercised by an unsecured creditor in accordance with the terms of the Second Lien Documents and applicable law, in each case in a manner not inconsistent with the terms of this Agreement.
Appears in 1 contract
