Common use of Standstill and Waivers Clause in Contracts

Standstill and Waivers. Each Junior Representative, on behalf of itself and the other Junior Secured Parties, agrees that, until the Senior Obligations Payment Date has occurred, but subject to the proviso set forth in Section 5.1:

Appears in 18 contracts

Samples: Intercreditor Agreement (Hi-Crush Inc.), Intercreditor Agreement, Intercreditor Agreement (Franchise Group, Inc.)

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Standstill and Waivers. (a) Each Junior Representative, on behalf of itself and the other Junior Secured Parties, agrees that, until the Senior Obligations Payment Date has occurred, but subject to the proviso set forth in Section 5.1:

Appears in 4 contracts

Samples: Intercreditor Agreement (Royal Gold Inc), Intercreditor Agreement (Thompson Creek Metals Co Inc.), Intercreditor Agreement (Royal Gold Inc)

Standstill and Waivers. Each Junior Representative, on behalf of itself and the other Junior Secured Parties, agrees that, until the Senior Obligations Payment Date has occurred, but subject to the proviso set forth in Section 5.15.1 and the last sentence in this Section 3.2:

Appears in 3 contracts

Samples: Intercreditor Agreement, Intercreditor Agreement (Staffing 360 Solutions, Inc.), Intercreditor Agreement (Goodman Networks Inc)

Standstill and Waivers. (a) Each Junior Representative, on behalf of itself and the other Junior Secured Parties, agrees that, until the Senior Obligations Payment Date has occurred, but subject to the proviso set forth in Section 5.1:

Appears in 1 contract

Samples: Securities Purchase Agreement (MusclePharm Corp)

Standstill and Waivers. Each Junior Representative, on behalf of itself and the other Junior Secured Parties, agrees that, until the Senior Obligations Payment Date has occurred, but subject to the proviso set forth in Section 5.15.7:

Appears in 1 contract

Samples: Intercreditor Agreement (Franchise Group, Inc.)

Standstill and Waivers. Each Junior Representative, on behalf of itself and the other Junior Secured Parties, agrees that, until the Senior Obligations Payment Date has occurred, whether or not an Insolvency Proceeding has been commenced by or against any Grantor, but subject to the proviso set forth in Section 5.1:

Appears in 1 contract

Samples: Intercreditor Agreement (Basic Energy Services Inc)

Standstill and Waivers. Each Junior Representative, on behalf of itself and the other Junior Secured Parties, agrees that, until the Senior Obligations Payment Date has occurred, but subject to Section 2.1(c) and Section 2.1(d), the proviso set forth in Section 5.15.1 and the last sentence in this Section 3.2:

Appears in 1 contract

Samples: Intercreditor Agreement (Vertex Energy Inc.)

Standstill and Waivers. Each Junior Representative, on behalf of itself and the other Junior Secured Parties, agrees that, until the Senior Obligations Payment Date has occurred, but subject to Section 2.1(a) and Section 2.1(b), the proviso set forth in Section 5.15.1 and the last sentence in this Section 3.2:

Appears in 1 contract

Samples: Intercreditor Agreement (Vertex Energy Inc.)

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Standstill and Waivers. Each The Junior Representative, on behalf of itself and the other Junior Secured Parties, agrees that, until the Senior Obligations Payment Date has occurred, but subject to the proviso set forth in Section 5.1:

Appears in 1 contract

Samples: Abl Credit Agreement (Clearwater Paper Corp)

Standstill and Waivers. Each Junior Representative, on behalf of itself and the other Junior Secured PartiesParties represented by it, agrees that, until the Senior Obligations Payment Date has occurred, but subject to the proviso set forth in Section 5.1:

Appears in 1 contract

Samples: Intercreditor Agreement (Winnebago Industries Inc)

Standstill and Waivers. Each Junior Representative, for and on behalf of itself and the other all Junior Secured Parties, agrees that, until the Senior Obligations Payment Date has occurred, but subject to the proviso set forth in Section provisions of Sections 3.3 and 5.1, the Junior Secured Parties:

Appears in 1 contract

Samples: Intercreditor Agreement (Wesco International Inc)

Standstill and Waivers. Each Junior Representative, on behalf of itself and the other Junior Secured Parties, agrees that, until the Senior Obligations Payment Date has occurred, but subject to the termination of the Junior Standstill Period to the extent permitted by Section 3.1 and the proviso set forth in Section 5.1:

Appears in 1 contract

Samples: Intercreditor Agreement (SMG Industries Inc.)

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