Common use of Suits to Protect Collateral Clause in Contracts

Suits to Protect Collateral. Subject to the provisions of the Intercreditor Agreement, the Administrative Agent, acting at the written direction of the Required Lenders, shall have power to institute and to maintain, or direct the Collateral Agent to institute and maintain, such suits and proceeds as the Administrative Agent may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of this Agreement or any other Loan Document, and such suits and proceedings as the Administrative Agent may deem expedient to preserve or protect its interest and the interests of the Lenders in the Collateral (including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the Liens of the Collateral Agent in the Collateral or be prejudicial to the interests of the Lender or the Administrative Agent).

Suits to Protect Collateral. Subject to the provisions of the Intercreditor Agreementhereof, the Administrative Majority Holders (provided that such Majority Holders include the Term Loan Majority Holders) shall have the right to direct the Collateral Agent, acting at and if so directed, the written direction of the Required Lenders, Collateral Agent shall have power the power, to institute and to maintain, or direct the Collateral Agent to institute and maintain, maintain such suits and proceeds proceedings as the Administrative Agent such Majority Holders may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of this Agreement or any other Loan Documentof the Collateral Documents, and such suits and proceedings as the Administrative Agent such Majority Holders may deem expedient to preserve or protect its interest and the their interests of the Lenders in the Collateral (including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the Liens of the Collateral Agent in the Collateral or be prejudicial to the interests of the Lender or the Administrative AgentSecured Parties).

Suits to Protect Collateral. Subject to the provisions of the Intercreditor AgreementAgreements, the Administrative AgentTrustee, acting at the written direction of the Required LendersHolders, shall have power to institute and to maintain, or direct the each Collateral Agent to institute and maintain, such suits and proceeds as the Administrative Agent Trustee may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Security Documents or this Agreement or any other Loan DocumentIndenture, and such suits and proceedings as the Administrative Agent Trustee may deem expedient to preserve or protect its interest interests and the interests of the Lenders Holders in the Collateral (including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the Liens of the each Collateral Agent in the Collateral or be prejudicial to the interests of the Lender Holders or the Administrative AgentTrustee).

Suits to Protect Collateral. Subject to the provisions of the Intercreditor Agreement, the Administrative Agent, acting at the written direction of the Required Lenders, shall have power to institute and to maintain, or direct the Collateral Agent to institute and maintain, such suits and proceeds as the Administrative Agent may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Security Documents or this Agreement or any other Loan DocumentAgreement, and such suits and proceedings as the Administrative Agent may deem expedient to preserve or protect its interest and the interests of the Lenders in the Collateral (including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the Liens of the Collateral Agent in the Collateral or be prejudicial to the interests of the Lender or the Administrative Agent).

Suits to Protect Collateral. Subject to the provisions of the Intercreditor Agreementhereof, the Administrative Agent, acting at Majority Holders (provided that such Majority Holders include the written direction of the Required Lenders, Term Loan Majority Holders) shall have power the right to institute and to maintain, or direct the Collateral Agent, and if so directed, the Collateral Agent shall have the power, to institute 24 24 and maintain, to maintain such suits and proceeds proceedings as the Administrative Agent such Majority Holders may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of this Agreement or any other Loan Documentof the Collateral Documents, and such suits and proceedings as the Administrative Agent such Majority Holders may deem expedient to preserve or protect its interest and the their interests of the Lenders in the Collateral (including the power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such enactment, rule or order would impair the Liens of the Collateral Agent in the Collateral or be prejudicial to the interests of the Lender or the Administrative AgentSecured Parties).