Common use of Unsecured Creditor Remedies Clause in Contracts

Unsecured Creditor Remedies. Except as set forth in Sections 2.2, 3.1, 3.5, and 6, Term Loan Agent and the other Term Loan Claimholders may exercise rights and remedies as unsecured creditors generally against any Term Loan Grantor in accordance with the terms of the Term Loan Documents and applicable law so long as doing so is not, directly or indirectly, inconsistent with the terms of this Agreement; provided, that in the event that any Term Loan Claimholder becomes a judgment Lien creditor in respect of ABL Collateral as a result of its enforcement of its rights as an unsecured creditor with respect to the Term Loan Debt, such judgment Lien shall be subject to the terms of this Agreement for all purposes as the other Liens in the ABL Collateral securing the Term Loan Debt.

Unsecured Creditor Remedies. Except as set forth in Sections 2.23.1 and 3.5 and otherwise not in contravention of the terms of this Agreement, 3.1ABL Agent, 3.5, and 6ABL Claimholders, Term Loan Agent and the other Term Loan Claimholders may exercise rights and remedies as unsecured creditors generally against any Term Loan Grantor Obligor in accordance with the terms of the ABL Loan Documents, the Term Loan Documents Documents, as applicable, and applicable law so long as doing so is not, directly or indirectly, inconsistent with the terms of this Agreementlaw; provided, however, that in the event that any Term Loan Claimholder becomes a judgment Lien creditor in respect of ABL Collateral as a result of its enforcement of its rights as an unsecured creditor with respect to the Term Loan DebtObligations, such judgment Lien shall be subject to the terms of this Agreement for all purposes as the other Liens in the ABL Collateral securing the Term Loan Debtrespective Obligations.