Common use of Rights under Permits and Licenses Clause in Contracts

Rights under Permits and Licenses. The LC Collateral Agent agrees that if the ABL Collateral Agent shall require rights available under any permit or license controlled by the LC Collateral Agent (as certified to the LC Collateral Agent by the ABL Collateral Agent, upon which the LC Collateral Agent may rely) in order to realize on any ABL Priority Collateral, the LC Collateral Agent shall (subject to the terms of the LC Documents, including the LC Collateral Agent’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the ABL Collateral Agent in writing, to make such rights available to the ABL Collateral Agent, subject to the Liens held by the LC Collateral Agent for the benefit of the LC Secured Parties. The ABL Collateral Agent agrees that if the LC Collateral Agent shall require rights available under any permit or license controlled by the ABL Collateral Agent (as certified to the ABL Collateral Agent by the LC Collateral Agent, upon which the ABL Collateral Agent may rely) in order to realize on any LC Priority Collateral, the ABL Collateral Agent shall (subject to the terms of the ABL Documents, including such ABL Collateral Agent’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the LC Collateral Agent in writing, to make such rights available to the LC Collateral Agent, subject to the Liens held by the ABL Collateral Agent for the benefit of the ABL Secured Parties.

Appears in 3 contracts

Samples: Intercreditor Agreement (Weatherford International PLC), Intercreditor Agreement (Weatherford International PLC), Intercreditor Agreement (Weatherford International PLC)

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Rights under Permits and Licenses. The LC Collateral Agent agrees that if the ABL Notes Collateral Agent shall require rights available under any permit or license controlled by the LC Collateral Agent (as certified to the LC Collateral Agent by the ABL Notes Collateral Agent, upon which the LC Collateral Agent may rely) in order to realize on any ABL Notes Priority Collateral, the LC Collateral Agent shall (subject to the terms of the LC Documents, including the LC Collateral Agent’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the ABL Notes Collateral Agent in writing, to make such rights available to the ABL Notes Collateral Agent, subject to the Liens held by the LC Collateral Agent for the benefit of the LC Secured Parties. The ABL Notes Collateral Agent agrees that if the LC Collateral Agent shall require rights available under any permit or license controlled by the ABL Notes Collateral Agent (as certified to the ABL Notes Collateral Agent by the LC Collateral Agent, upon which the ABL Notes Collateral Agent may rely) in order to realize on any LC Priority Collateral, the ABL Notes Collateral Agent shall (subject to the terms of the ABL Notes Documents, including such ABL Notes Collateral Agent’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the LC Collateral Agent in writing, to make such rights available to the LC Collateral Agent, subject to the Liens held by the ABL Notes Collateral Agent for the benefit of the ABL Notes Secured Parties.

Appears in 2 contracts

Samples: Joinder Agreement (Weatherford International PLC), Intercreditor Agreement (Weatherford International PLC)

Rights under Permits and Licenses. The LC Collateral Each Shared Obligations Agent agrees that if the ABL Collateral Revolving Facility Agent shall require rights available under any permit or license controlled by the LC Collateral such Shared Obligations Agent (as certified to the LC Collateral Agent Designated Shared First Lien Representative by the ABL Collateral Revolving Facility Agent, upon which the LC Collateral Designated Shared First Lien Representative and each Shared Obligations Agent may rely) in order to realize on any ABL Priority Revolving Facility First Lien Collateral, the LC Collateral Agent Designated Shared First Lien Representative shall (subject to the terms of the LC Documentsthe Term Facility Credit Agreement, the Notes Indenture or the applicable Future Term Facility Credit Agreement or Future Indenture, including the LC Collateral such Shared Obligations Agent’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the ABL Collateral Revolving Facility Agent in writing, to make such rights available to the ABL Collateral Revolving Facility Agent, subject to the Liens held by the LC Collateral Agent for the benefit of the LC Secured PartiesShared Obligations Liens. The ABL Collateral Revolving Facility Agent agrees that if the LC Collateral Designated Shared First Lien Representative or any other Shared Obligations Agent shall require rights available under any permit or license controlled by the ABL Collateral Revolving Facility Agent (as certified to the ABL Collateral Revolving Facility Agent by the LC Collateral Designated Shared First Lien Representative or such other Shared Obligations Agent, upon which the ABL Collateral Revolving Facility Agent may rely) in order to realize on any LC Priority Shared First Lien Collateral, the ABL Collateral Revolving Facility Agent shall (subject to the terms of the ABL Documents, including such ABL Collateral Agent’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the LC Collateral Agent Designated Shared First Lien Representative in writing, to make such rights available to the LC Collateral Designated Shared First Lien Representative or such other Shared Obligations Agent, subject to the Liens held by the ABL Collateral Agent for the benefit of the ABL Secured PartiesRevolving Facility Liens.

Appears in 2 contracts

Samples: Security Agreement (Houghton Mifflin Harcourt Co), Security Agreement (Houghton Mifflin Harcourt Co)

Rights under Permits and Licenses. The LC In addition to the license granted under Section 2.09(b), the Senior Representative in respect of the Note Priority Collateral Agent agrees that if the Senior Representative in respect of the ABL Priority Collateral Agent shall require rights available under any permit or license controlled by the LC Senior Representative in respect of the Note Priority Collateral Agent (as certified to the LC Senior Representative in respect of the Note Priority Collateral Agent by the Senior Representative in respect of the ABL Collateral AgentPriority Collateral, upon which the LC Senior Representative in respect of the Note Priority Collateral Agent may rely) in order to realize on any ABL Priority Collateral, the LC Senior Representative in respect of the Note Priority Collateral Agent shall (subject to the terms of ABL Documents, the LC Notes Priority Documents, the Second Lien Documents and the Subordinated Lien Documents, including the LC Collateral AgentSenior Representative in respect of the Note Priority Collateral’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and contractual obligations and reasonably requested by the Senior Representative in respect of the ABL Priority Collateral Agent in writing, to make such rights available to the Senior Representative in respect of the ABL Collateral AgentPriority Collateral, subject to the Senior Liens held by the LC Collateral Agent for the benefit in respect of the LC Secured PartiesNote Priority Collateral. The Senior Representative in respect of the ABL Priority Collateral Agent agrees that if the LC Senior Representative in respect of the Note Priority Collateral Agent shall require rights available under any permit or license controlled by the Senior Representative in respect of the ABL Priority Collateral Agent (as certified to the Senior Representative in respect of the ABL Priority Collateral Agent by the LC Collateral AgentSenior Representative in respect of the Note Priority Collateral, upon which the Senior Representative in respect of the ABL Priority Collateral Agent may rely) in order to realize on any LC Note Priority Collateral, the Senior Representative in respect of the ABL Priority Collateral Agent shall (subject to the terms of the ABL Documents, the Notes Priority Documents, the Second Lien Documents and the Subordinated Lien Documents, including such the Senior Representative in respect of the ABL Collateral AgentPriority Collateral’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and contractual obligations and reasonably requested by the LC Senior Representative in respect of the Note Priority Collateral Agent in writing, to make such rights available to the LC Collateral AgentSenior Representative in respect of the Note Priority Collateral, subject to the Senior Liens held by the ABL Collateral Agent for the benefit in respect of the ABL Secured PartiesPriority Collateral.

Appears in 2 contracts

Samples: General Intercreditor Agreement (Euramax International, Inc.), General Intercreditor Agreement (Euramax International, Inc.)

Rights under Permits and Licenses. The LC Collateral Each Pari Term Loan Debt Agent agrees that if the ABL Collateral Agent shall require rights available under any permit or license controlled by the LC Collateral such Pari Term Loan Debt Agent (as certified to the LC Collateral such Pari Term Loan Debt Agent by the ABL Collateral Agent, upon which the LC Collateral such Pari Term Loan Debt Agent may rely) in order to realize on any ABL Priority First Lien Collateral, the LC Collateral such Pari Term Loan Debt Agent shall (subject to the terms of the LC Pari Term Loan Debt Documents, including the LC Collateral such Pari Term Loan Debt Agent’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the ABL Collateral Agent in writing, to make such rights available to the ABL Collateral Agent, subject to the Liens held by the LC Collateral Agent for the benefit of the LC Secured PartiesPari Term Loan Debt Liens. The ABL Collateral Agent agrees that if the LC Collateral any Pari Term Loan Debt Agent shall require rights available under any permit or license controlled by the ABL Collateral Agent (as certified to the ABL Collateral Agent by the LC Collateral such Pari Term Loan Debt Agent, upon which the ABL Collateral Agent may rely) in order to realize on any LC Priority Term Loan First Lien Collateral, the ABL Collateral Agent shall (subject to the terms of the ABL Documents, including such ABL Collateral Agent’s rights its right to indemnification thereunderreceive indemnification) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the LC Collateral such Pari Term Loan Debt Agent in writing, to make such rights available to the LC Collateral such Pari Term Loan Debt Agent, subject to the Liens held by the ABL Collateral Agent for the benefit of the ABL Secured PartiesLiens.

Appears in 2 contracts

Samples: Security Agreement (Nexeo Solutions Finance Corp), Abl Intercreditor Agreement (Nexeo Solutions Finance Corp)

Rights under Permits and Licenses. The LC Noteholder Collateral Agent Trustee agrees that if the ABL Collateral Agent shall require rights available under any permit or license controlled by the LC Noteholder Collateral Agent Trustee (as certified to the LC Noteholder Collateral Agent Trustee by the ABL Collateral Agent, upon which the LC Noteholder Collateral Agent Trustee may rely) in order to realize on any ABL Priority First Lien Collateral, the LC Noteholder Collateral Agent Trustee shall (subject to the terms of the LC DocumentsIndenture, including the LC Noteholder Collateral AgentTrustee’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the ABL Collateral Agent in writing, to make such rights available to the ABL Collateral Agent, subject to the Liens held by the LC Collateral Agent for the benefit of the LC Secured PartiesPriority Liens. The ABL Collateral Agent agrees that if the LC Noteholder Collateral Agent Trustee shall require rights available under any permit or license controlled by the ABL Collateral Agent (as certified to the ABL Collateral Agent by the LC Noteholder Collateral AgentTrustee, upon which the ABL Collateral Agent may rely) in order to realize on any LC Priority Noteholder First Lien Collateral, the ABL Collateral Agent shall (subject to the terms of the ABL Documents, including such ABL Collateral Agent’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the LC Noteholder Collateral Agent Trustee in writing, to make such rights available to the LC Noteholder Collateral AgentTrustee, subject to the Liens held by the ABL Collateral Agent for the benefit of the ABL Secured PartiesLiens.

Appears in 2 contracts

Samples: Intercreditor Agreement (Stream Global Services, Inc.), Intercreditor Agreement (Solo Cup CO)

Rights under Permits and Licenses. The LC Term Debt Collateral Agent agrees that if the ABL Revolving Facility Collateral Agent shall require rights available under any permit or license controlled by the LC Term Debt Collateral Agent (as certified to the LC Term Debt Collateral Agent by the ABL Revolving Facility Collateral Agent, upon which the LC Term Debt Collateral Agent may rely) in order to realize on any ABL Priority Revolving Facility First Lien Collateral, the LC Term Debt Collateral Agent shall (subject to the terms of the LC Documentsapplicable Term Debt Document, including the LC Term Debt Collateral Agent’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the ABL Revolving Facility Collateral Agent in writing, to make such rights available to the ABL Revolving Facility Collateral Agent, subject to the Liens held by the LC Collateral Agent for the benefit of the LC Secured PartiesTerm Debt Liens. The ABL Revolving Facility Collateral Agent agrees that if the LC Term Debt Collateral Agent shall require rights available under any permit or license controlled by the ABL Revolving Facility Collateral Agent (as certified to the ABL Revolving Facility Collateral Agent by the LC Term Debt Collateral Agent, upon which the ABL Revolving Facility Collateral Agent may rely) in order to realize on any LC Priority Term Debt First Lien Collateral, the ABL Revolving Facility Collateral Agent shall (subject to the terms of the ABL Documents, including such ABL Collateral Agent’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the LC Term Debt Collateral Agent in writing, to make such rights available to the LC Term Debt Collateral Agent, subject to the Liens held by the ABL Collateral Agent for the benefit of the ABL Secured PartiesRevolving Facility Liens.

Appears in 2 contracts

Samples: Subordination and Intercreditor Agreement, Lien Subordination and Intercreditor Agreement (Ahny-Iv LLC)

Rights under Permits and Licenses. The LC Noteholder Collateral Agent agrees that if the ABL Collateral Agent shall require rights available under any permit or license controlled by the LC Noteholder Collateral Agent (as certified to the LC Noteholder Collateral Agent by the ABL Collateral Agent, upon which the LC Noteholder Collateral Agent may rely) in order to realize on any ABL Priority First Lien Collateral, the LC Noteholder Collateral Agent shall (subject to the terms of the LC DocumentsIndenture, including the LC Noteholder Collateral Agent’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the ABL Collateral Agent in writing, to make such rights available to the ABL Collateral Agent, subject to the Liens held by the LC Collateral Agent for the benefit of the LC Secured PartiesNoteholder Liens. The ABL Collateral Agent agrees that if the LC Noteholder Collateral Agent shall require rights available under any permit or license controlled by the ABL Collateral Agent (as certified to the ABL Collateral Agent by the LC Noteholder Collateral Agent, upon which the ABL Collateral Agent may rely) in order to realize on any LC Priority Noteholder First Lien Collateral, the ABL Collateral Agent shall (subject to the terms of the ABL Documents, including such ABL Collateral Agent’s rights its right to indemnification thereunderreceive indemnification) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the LC Noteholder Collateral Agent in writing, to make such rights available to the LC Noteholder Collateral Agent, subject to the Liens held by the ABL Collateral Agent for the benefit of the ABL Secured PartiesLiens.

Appears in 2 contracts

Samples: Intercreditor Agreement (Dominion Textile (Usa), L.L.C.), Intercreditor Agreement (Am-Pac Tire Dist. Inc.)

Rights under Permits and Licenses. The LC Collateral Each Pari Notes Debt Agent agrees that if the ABL Collateral Agent shall require rights available under any permit or license controlled by the LC Collateral such Pari Notes Debt Agent (as certified to the LC Collateral such Pari Notes Debt Agent by the ABL Collateral Agent, upon which the LC Collateral such Pari Notes Debt Agent may rely) in order to realize on any ABL Priority First Lien Collateral, the LC Collateral such Pari Notes Debt Agent shall (subject to the terms of the LC Pari Notes Debt Documents, including the LC Collateral such Pari Notes Debt Agent’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the ABL Collateral Agent in writing, to make such rights available to the ABL Collateral Agent, subject to the Liens held by the LC Collateral Agent for the benefit of the LC Secured PartiesPari Notes Debt Liens. The ABL Collateral Agent agrees that if the LC Collateral any Pari Notes Debt Agent shall require rights available under any permit or license controlled by the ABL Collateral Agent (as certified to the ABL Collateral Agent by the LC Collateral such Pari Notes Debt Agent, upon which the ABL Collateral Agent may rely) in order to realize on any LC Priority Notes First Lien Collateral, the ABL Collateral Agent shall (subject to the terms of the ABL Debt Documents, including such ABL Collateral Agent’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the LC Collateral such Pari Notes Debt Agent in writing, to make such rights available to the LC Collateral such Pari Notes Debt Agent, subject to the Liens held by the ABL Collateral Agent for the benefit of the ABL Secured PartiesLiens.

Appears in 1 contract

Samples: Intercreditor Agreement (Builders FirstSource, Inc.)

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Rights under Permits and Licenses. The LC Collateral Each Pari Term Loan Debt Agent agrees that if the ABL Collateral Agent shall require rights available under any permit or license controlled by the LC Collateral such Pari Term Loan Debt Agent (as certified to the LC Collateral such Pari Term Loan Debt Agent by the ABL Collateral Agent, upon which the LC Collateral such Pari Term Loan Debt Agent may rely) in order to realize on any ABL Priority First Lien Collateral, the LC Collateral such Pari Term Loan Debt Agent shall (subject to the terms of the LC Pari Term Loan Debt Documents, including the LC Collateral such Pari Term Loan Debt Agent’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the ABL Collateral Agent in writing, to make such rights available to the ABL Collateral Agent, subject to the Liens held by the LC Collateral Agent for the benefit of the LC Secured PartiesPari Term Loan Debt Liens. The ABL Collateral Agent agrees that if the LC Collateral any Pari Term Loan Debt Agent shall require rights available under any permit or license controlled by the ABL Collateral Agent (as certified to the ABL Collateral Agent by the LC Collateral such Pari Term Loan Debt Agent, upon which the ABL Collateral Agent may rely) in order to realize on any LC Priority Term Loan First Lien Collateral, the ABL Collateral Agent shall (subject to the terms of the ABL Debt Documents, including such ABL Collateral Agent’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the LC Collateral such Pari Term Loan Debt Agent in writing, to make such rights available to the LC Collateral such Pari Term Loan Debt Agent, subject to the Liens held by the ABL Collateral Agent for the benefit of the ABL Secured PartiesLiens.

Appears in 1 contract

Samples: Trademark Security Agreement (Installed Building Products, Inc.)

Rights under Permits and Licenses. The LC Collateral (a) Each CF Debt Agent agrees that if the ABL Collateral Agent shall require rights available under any permit or license controlled by the LC Collateral such CF Debt Agent (as certified to the LC Collateral such CF Debt Agent by the ABL Collateral Agent, upon which the LC Collateral such CF Debt Agent may rely) in order to realize on any ABL Priority Collateral, the LC Collateral such CF Debt Agent shall (subject to the terms of the LC CF Debt Documents, including the LC Collateral such CF Debt Agent’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the ABL Collateral Agent in writing, to make such rights available to the ABL Collateral Agent, subject to the Liens held by the LC Collateral Agent for the benefit of the LC Secured PartiesCF Debt Liens. The ABL Collateral Agent agrees that if the LC Collateral any CF Debt Agent shall require rights available under any permit or license controlled by the ABL Collateral Agent (as certified to the ABL Collateral Agent by the LC Collateral such CF Debt Agent, upon which the ABL Collateral Agent may rely) in order to realize on any LC CF Debt Priority Collateral, the ABL Collateral Agent shall (subject to the terms of the ABL Debt Documents, including such ABL Collateral Agent’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the LC Collateral such CF Debt Agent in writing, to make such rights available to the LC Collateral such CF Debt Agent, subject to the Liens held by the ABL Collateral Agent for the benefit of the ABL Secured PartiesLiens.

Appears in 1 contract

Samples: Abl Intercreditor Agreement (Academy Sports & Outdoors, Inc.)

Rights under Permits and Licenses. The LC Term Loan Collateral Agent agrees that if the ABL Administrative Agent shall require rights available under any permit or license controlled by the Term Loan Collateral Agent in order to realize on any ABL First Lien Collateral, the Term Loan Collateral Agent (subject to the terms of the Term Loan Credit Agreement, including the Term Loan Collateral Agent’s rights to indemnification thereunder) take all such actions as shall be available to them (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the ABL Administrative Agent in writing, to make such rights available to the ABL Administrative Agent, subject to the Term Loan Liens. The ABL Administrative Agent agrees that if the Term Loan Collateral Agent shall require rights available under any permit or license controlled by the LC Collateral ABL Administrative Agent (as certified to the LC Collateral ABL Administrative Agent by the ABL Term Loan Collateral Agent, upon which the LC Collateral ABL Administrative Agent may rely) in order to realize on any ABL Priority Term Loan First Lien Collateral, the LC Collateral ABL Administrative Agent shall (subject to the terms of the LC Documents, including the LC Collateral Agent’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the ABL Term Loan Collateral Agent in writing, to make such rights available to the ABL Term Loan Collateral Agent, subject to the Liens held by the LC Collateral Agent for the benefit of the LC Secured Parties. The ABL Collateral Agent agrees that if the LC Collateral Agent shall require rights available under any permit or license controlled by the ABL Collateral Agent (as certified to the ABL Collateral Agent by the LC Collateral Agent, upon which the ABL Collateral Agent may rely) in order to realize on any LC Priority Collateral, the ABL Collateral Agent shall (subject to the terms of the ABL Documents, including such ABL Collateral Agent’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and reasonably requested by the LC Collateral Agent in writing, to make such rights available to the LC Collateral Agent, subject to the Liens held by the ABL Collateral Agent for the benefit of the ABL Secured PartiesLiens.

Appears in 1 contract

Samples: Subordination and Intercreditor Agreement (Nortek Inc)

Rights under Permits and Licenses. The LC Collateral Each Fixed Assets Debt Agent agrees that if the ABL Collateral Agent shall require rights available under any permit or license controlled by the LC Collateral such Fixed Assets Debt Agent (as certified to the LC Collateral such Fixed Assets Debt Agent by the ABL Collateral Agent, upon which the LC Collateral such Fixed Assets Debt Agent may rely) in order to realize on any ABL Priority Collateral, the LC Collateral such Fixed Assets Debt Agent shall (subject to the terms of the LC Fixed Assets Debt Documents, including the LC Collateral such Fixed Assets Debt Agent’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the GrantorsGrantors subject to the reimbursement obligations set forth in the Fixed Assets Debt Documents), consistent with applicable law and reasonably requested by the ABL Collateral Agent in writing, to make such rights available to the ABL Collateral Agent, subject to the Liens held by the LC Collateral Agent for the benefit of the LC Secured PartiesFixed Assets Debt Liens. The ABL Collateral Agent agrees that if the LC Collateral any Fixed Assets Debt Agent shall require rights available under any permit or license controlled by the ABL Collateral Agent (as certified to the ABL Collateral Agent by the LC Collateral such Fixed Assets Debt Agent, upon which the ABL Collateral Agent may rely) in order to realize on any LC Fixed Assets Priority Collateral, the ABL Collateral Agent shall (subject to the terms of the ABL Debt Documents, including such ABL Collateral Agent’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the GrantorsGrantors subject to the reimbursement obligations set forth in the ABL Debt Documents), consistent with applicable law and reasonably requested by the LC Collateral such Fixed Assets Debt Agent in writing, to make such rights available to the LC Collateral such Fixed Assets Debt Agent, subject to the Liens held by the ABL Collateral Agent for the benefit of the ABL Secured PartiesLiens.

Appears in 1 contract

Samples: Security Agreement (Clear Channel Outdoor Holdings, Inc.)

Rights under Permits and Licenses. The LC In addition to the license granted under Section 2.09(b), the Senior Representative in respect of the Note Priority Collateral Agent agrees that if the Senior Representative in respect of the ABL Priority Collateral Agent shall require rights available under any permit or license controlled by the LC Senior Representative in respect of the Note Priority Collateral Agent (as certified to the LC Senior Representative in respect of the Note Priority Collateral Agent by the Senior Representative in respect of the ABL Collateral AgentPriority Collateral, upon which the LC Senior Representative in respect of the Note Priority Collateral Agent may rely) in order to realize on any ABL Priority Collateral, the LC Senior Representative in respect of the Note Priority Collateral Agent shall (subject to the terms of ABL Documents, the LC First Lien Documents, the Second Lien Documents and the Subordinated Lien Documents, including the LC Collateral AgentSenior Representative in respect of the Note Priority Collateral’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and contractual obligations and reasonably requested by the Senior Representative in respect of the ABL Priority Collateral Agent in writing, to make such rights available to the Senior Representative in respect of the ABL Collateral AgentPriority Collateral, subject to the Senior Liens held by the LC Collateral Agent for the benefit in respect of the LC Secured PartiesNote Priority Collateral. The Senior Representative in respect of the ABL Priority Collateral Agent agrees that if the LC Senior Representative in respect of the Note Priority Collateral Agent shall require rights available under any permit or license controlled by the Senior Representative in respect of the ABL Priority Collateral Agent (as certified to the Senior Representative in respect of the ABL Priority Collateral Agent by the LC Collateral AgentSenior Representative in respect of the Note Priority Collateral, upon which the Senior Representative in respect of the ABL Priority Collateral Agent may rely) in order to realize on any LC Note Priority Collateral, the Senior Representative in respect of the ABL Priority Collateral Agent shall (subject to the terms of the ABL Documents, the First Lien Documents, the Second Lien Documents and the Subordinated Lien Documents, including such the Senior Representative in respect of the ABL Collateral AgentPriority Collateral’s rights to indemnification thereunder) take all such actions as shall be available to it (at the sole expense of the Grantors), consistent with applicable law and contractual obligations and reasonably requested by the LC Senior Representative in respect of the Note Priority Collateral Agent in writing, to make such rights available to the LC Collateral AgentSenior Representative in respect of the Note Priority Collateral, subject to the Senior Liens held by the ABL Collateral Agent for the benefit in respect of the ABL Secured PartiesPriority Collateral.

Appears in 1 contract

Samples: Abl Intercreditor Agreement (CVR Energy Inc)

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