Voting of Claims. Until the payment in full of all Senior Claims in respect of any Collateral, the Senior Agent shall have the right, but not the obligation, to vote the claim of any Junior Secured Party in respect of such Collateral in any Insolvency Proceeding if such Junior Secured Party has not voted its claim on or prior to 10 days before the expiration of the time to vote any such claim. In the event that Senior Agent exercises such right to vote, no Junior Secured Party shall be entitled to change or withdraw such vote.
Appears in 3 contracts
Samples: Collateral Agency Agreement (Revlon Consumer Products Corp), Intercreditor and Collateral Agency Agreement (Revlon Consumer Products Corp), Intercreditor and Collateral Agency Agreement (Revlon Consumer Products Corp)
Voting of Claims. Until the payment in full of all Senior Claims in respect of any Collateral, the Senior Agent shall have the right, but not the obligation, to vote the claim of any Junior Secured Party in respect of such Collateral in any Insolvency or Liquidation Proceeding if such Junior Secured Party has not voted its claim on or prior to 10 days before the expiration of the time to vote any such claim. In the event that Senior Agent exercises such right to vote, no Junior Secured Party shall be entitled to change or withdraw such vote.
Appears in 2 contracts
Samples: Intercreditor and Collateral Agency Agreement (Warnaco Group Inc /De/), Intercreditor and Collateral Agency Agreement (Revlon Consumer Products Corp)
Voting of Claims. Until the payment in full of all Senior Claims in respect of any Collateral, the Senior Administrative Agent shall have the right, but not the obligation, to vote or cause to be voted the claim of any Junior Secured Party in respect of such Collateral in any Insolvency or Liquidation Proceeding if such Junior Secured Party has not voted its claim on or prior to 10 days before the expiration of the time to vote any such claim. In the event that the Senior Administrative Agent exercises such right to voterights, no Junior Secured Party shall be entitled to change or withdraw such vote.
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Voting of Claims. Until the payment in full of all Senior Claims in respect of any CollateralClaims, the Senior Agent shall have the right, but not the obligation, to vote the claim of any Junior Secured Party in respect of such Collateral in any Insolvency or Liquidation Proceeding if such Junior Secured Party has not voted its claim on or prior to 10 days before the expiration of the time to vote any such claim. In the event that Senior Agent exercises such right to vote, no Junior Secured Party shall be entitled to change or withdraw such vote.
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