Common use of Waiver of Marshaling Clause in Contracts

Waiver of Marshaling. The Borrower and the Guarantor shall not at any time hereafter assert any right under any law pertaining to marshaling (whether of assets or liens) and the Borrower and the Guarantor expressly agree that the Agent may execute or foreclose upon the Collateral in such order and manner as the Agent, in its sole discretion, deems appropriate.

Appears in 5 contracts

Samples: Credit Agreement (LHC Group, Inc), Credit Agreement (LHC Group, Inc), Credit Agreement (LHC Group, Inc)

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Waiver of Marshaling. The Borrower and the Guarantor shall not at any time hereafter assert any right under any law pertaining to marshaling (whether of assets or liens) and the Borrower and the Guarantor expressly agree that the Agent Bank may execute or foreclose upon the Collateral in such order and manner as the AgentBank, in its sole discretion, deems appropriate.

Appears in 4 contracts

Samples: Loan Agreement (Omni Energy Services Corp), Credit Agreement (Petroquest Energy Inc), Loan Agreement (Omni Energy Services Corp)

Waiver of Marshaling. The Borrower and the Guarantor shall not at any time hereafter assert any right under any law pertaining to marshaling (whether of assets or liens) and the Borrower and the Guarantor expressly agree that the Agent Lender may execute or foreclose upon the Collateral in such order and manner as the AgentLender, in its sole discretion, deems appropriate.

Appears in 2 contracts

Samples: Credit Agreement (Carrizo Oil & Gas Inc), Credit Agreement (Carrizo Oil & Gas Inc)

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Waiver of Marshaling. The Borrower and the Guarantor shall not at any time hereafter assert any right under any law pertaining to marshaling (whether of assets or liens) and the Borrower and the Guarantor expressly agree that the Administrative Agent may execute or foreclose upon the Collateral in such order and manner as the Administrative Agent, in its sole discretion, deems appropriate.

Appears in 1 contract

Samples: Credit Agreement (Petroquest Energy Inc)

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