SENIOR CREDITOR'S RIGHTS EXCLUSIVE. Agent shall have the exclusive right to collect, foreclose upon, sell, transfer, liquidate or otherwise dispose of the Collateral as provided in the Senior Creditor Documents or by applicable law, in the manner deemed appropriate by Agent, without regard to any Liens of Junior Creditor therein, and Junior Creditor will not hinder Agent's actions in enforcing its remedies or taking any Enforcement Action with respect to the Collateral; provided, however, that after payment in full of all Senior Creditor Obligations, Agent shall deliver to Junior Creditor (unless otherwise restricted by law or by any order issued by a court in the proper exercise of its jurisdiction and subject in all events to Agent's receipt of an indemnification from Junior Creditor of all liabilities arising from such delivery) for application to the Junior Creditor Obligations any proceeds remaining from the sale or other disposition of the Collateral. To the fullest extent permitted by applicable law, Junior Creditor waives any requirement on the part of Agent to conduct any sale or other disposition of any of the Collateral in a commercially reasonable manner, and Agent shall be fully authorized to sell or otherwise dispose of any or all of the Collateral in the manner deemed appropriate by Agent, including by the exercise of any right Agent may have to accept any or all of the Collateral in total or partial satisfaction of any of the Senior Creditor Obligations in accordance with the Code or otherwise.
SENIOR CREDITOR'S RIGHTS EXCLUSIVE. Subject to Section 7 hereof, for so long as any Priority Senior Debt is outstanding, Senior Creditor shall have the exclusive right to collect, foreclose upon, sell, transfer, liquidate or otherwise dispose of any or all of the Collateral as provided in the Senior Creditor Documents or by applicable law, in the manner deemed appropriate by Senior Creditor, without regard to any Liens of Subordinate Creditor therein, and Subordinate Creditor will not hinder or delay Senior Creditor’s actions in enforcing its remedies or taking any Enforcement Action with respect to any Collateral; provided, however, that after Full Payment of all Priority Senior Debt, Senior Creditor shall deliver to Subordinate Creditor (unless otherwise restricted by applicable law) for application to the Subordinated Debt any net proceeds remaining from the sale or other disposition of the Collateral.
SENIOR CREDITOR'S RIGHTS EXCLUSIVE. Senior Creditor shall have the exclusive right to collect, foreclose upon, sell, transfer, liquidate or otherwise dispose of the Collateral as provided in the Senior Creditor Documents or by applicable law, in the manner deemed appropriate by Senior Creditor, without regard to any Liens of any Subordinate Creditor therein, and Subordinate Creditors will not hinder Senior Creditor's actions in enforcing its remedies or taking any Enforcement Action with respect to the Collateral; provided, however, that after Full Payment of all Senior Creditor Obligations, Senior Creditor shall deliver to Subordinate Creditors (unless otherwise restricted by law or by any order issued by a court in the proper exercise of its jurisdiction and subject in all events to Senior Creditor's receipt of an indemnification from Subordinate Creditors of all liabilities arising from such delivery) for application to the Subordinate Creditor Obligations any proceeds remaining from the sale or other disposition of the Collateral. To the fullest extent permitted by applicable law, Subordinate Creditors waive any requirement on the part of Senior Creditor to conduct any sale or other disposition of any of the Collateral in a commercially reasonable manner, and Senior Creditor shall be fully authorized to sell or otherwise dispose of any or all of the Collateral in the manner deemed appropriate by Senior Creditor, including by the exercise of any right Senior Creditor may have to accept any or all of the Collateral in total or partial satisfaction of any of the Senior Creditor Obligations in accordance with the UCC or otherwise.
