Common use of Rights of Secured Parties under Secured Instruments Clause in Contracts

Rights of Secured Parties under Secured Instruments. Notwithstanding any other provision of this Agreement, the right of each Secured Party to receive payment of each Secured Obligation held by such Secured Party when due (whether at the stated maturity thereof, by acceleration or otherwise) as expressed in the relevant Secured Instrument or, subject to any limitations in such Secured Instrument or in any other agreement to which such Secured Party is a party or by which such Secured Party is bound, to institute suit for the enforcement of such payment on or after such due date, and the obligation of Navistar Financial to pay such Secured Obligation when due, shall not be impaired or affected without the consent of such Secured Party.

Rights of Secured Parties under Secured Instruments. Notwithstanding any other provision of this AgreementAgreement or any Security Document, the right of each Secured Party to receive payment of each the Secured Obligation Obligations held by such Secured Party when due (whether at the stated maturity thereof, by acceleration or otherwise) as expressed in the relevant Secured Instrument or, subject to any limitations in such related Secured Instrument or in any other instrument evidencing or agreement to which such governing a Secured Party is a party Obligation or by which such Secured Party is bound, to institute suit for the enforcement of such payment on or after such due date, and the obligation of Navistar Financial the Obligors to pay such Secured Obligation when due, shall not be impaired or affected without the consent of such Secured PartyParty given in the manner prescribed by the Secured Instrument pursuant to which such Secured Obligation is outstanding.

Rights of Secured Parties under Secured Instruments. Notwithstanding any other provision of this AgreementTrust Agreement or any Trust Security Document, the right of each Secured Party to receive payment of each the Secured Obligation Obligations held by such Secured Party when due (whether at the stated maturity thereof, by acceleration or otherwise) as expressed in the relevant Secured Instrument or, subject to any limitations in such related Secured Instrument or in any other instrument evidencing or agreement to which such governing a Secured Party is a party Obligation or by which such Secured Party is bound, to institute suit for the enforcement of such payment on or after such due date, and the obligation of Navistar Financial the Obligors to pay such Secured Obligation when due, shall not be impaired or affected without the consent of such Secured PartyParty given in the manner prescribed by the Secured Instrument under which such Secured Obligation is outstanding.

Rights of Secured Parties under Secured Instruments. Notwithstanding any other provision of this AgreementAgreement or any Shared Collateral Security Document, the right of each Secured Party to receive payment of each the Secured Obligation Obligations held by such Secured Party when due (whether at the stated maturity thereof, by acceleration or otherwise) as expressed in the relevant Secured Instrument or, subject to any limitations in such related Secured Instrument or in any other instrument evidencing or agreement to which such governing a Secured Party is a party Obligation or by which such Secured Party is bound, to institute suit for the enforcement of such payment on or after such due date, and the obligation of Navistar Financial the Grantors to pay such Secured Obligation when due, shall not be impaired or affected without the consent of such Secured PartyParty given in the manner prescribed by the Secured Instrument under which such Secured Obligation is outstanding.

Rights of Secured Parties under Secured Instruments. Notwithstanding any other provision of this AgreementAgreement or any other Security Document, the right of each Secured Party to receive payment of each the Secured Obligation Obligations held by such Secured Party when due (whether at the stated maturity thereof, by acceleration or otherwise) as expressed in the relevant Secured Instrument or, subject to any limitations in such related Secured Instrument or in any other agreement to which such Secured Party is a party or by which such Secured Party is bound, to institute suit for the enforcement of such payment on or after such due date, and the obligation of Navistar Financial the Grantors to pay such Secured Obligation when due, shall not be impaired or affected without the consent of such Secured PartyParty given in the manner prescribed by the Secured Instrument under which such Secured Obligation is outstanding.