Common use of Sale Issues Clause in Contracts

Sale Issues. The Second Lien Agent, on behalf of itself and the Second Lien Secured Parties, agrees that it will raise no objection to or otherwise contest or oppose a sale or other disposition of any Collateral (and any post-petition assets subject to adequate protection Liens in favor of the First Lien Administrative Agent) free and clear of its Liens or other claims under Section 363 of the Bankruptcy Code if the Required Lenders under the First Lien Credit Agreement have consented to such sale or disposition of such assets so long as the interests of the Second Lien Secured Parties in the Collateral (and any post-petition assets subject to adequate protection liens, if any, in favor of the Second Lien Administrative Agent) attach to the proceeds thereof, subject to the terms of this Agreement. If requested by the First Lien Administrative Agent in connection therewith, the Second Lien Administrative Agent shall affirmatively consent to the release of its Liens (on the terms set forth above) in connection with such a sale or disposition.

Sale Issues. The Second Lien Agent, on behalf of itself and the Second Lien Secured PartiesClaimholders, agrees that it will raise no objection to or otherwise contest or oppose a sale or other disposition of any Collateral (and any post-petition assets subject to adequate protection Liens in favor of the First Lien Administrative Agent) free and clear of its Liens or other claims under Section 363 of the Bankruptcy Code if the Required Lenders under the First Lien Credit Agreement have consented to such sale or disposition of such assets so long as the interests of the Second Lien Secured Parties Claimholders in the Collateral (and any post-petition assets subject to adequate protection liens, if any, in favor of the Second Lien Administrative Agent) attach to the proceeds thereof, subject to the terms of this Agreement. If requested by the First Lien Administrative Agent in connection therewith, the Second Lien Administrative Agent shall affirmatively consent to the release of its Liens (on the terms set forth above) lien in connection with such a sale or disposition.

Sale Issues. The Second Lien Agent, on behalf of itself and the Second Lien Secured PartiesClaimholders, agrees that it will raise no objection to or otherwise contest or oppose a sale or other disposition of any Collateral (and any post-petition assets subject to adequate protection Liens in favor of the First Lien Administrative Collateral Agent) free and clear of its Liens or other claims under Section 363 of the Bankruptcy Code if the Required Requisite Lenders under the First Lien Credit Agreement have consented to such sale or disposition of such assets so long as the interests of the Second Lien Secured Parties Claimholders in the Collateral (and any post-petition assets subject to adequate protection liensLiens, if any, in favor of the Second Lien Administrative Collateral Agent) attach to the proceeds thereof, subject to the terms priorities set forth in Section 4.2 of this Agreement, and such proceeds are applied to permanently reduce the amount of First Lien Obligations outstanding to the extent required under the First Lien Credit Agreement. If requested Upon request by the First Lien Administrative Agent in connection therewithAgent, the Second Lien Administrative Agent shall affirmatively consent to the release of its Liens (on the terms set forth above) lien in connection with such a sale or disposition.