Common use of Waiver of Marshalling and Similar Rights Clause in Contracts

Waiver of Marshalling and Similar Rights. Each Secured Creditor, to the fullest extent permitted by applicable law, waives as to each other Secured Creditor any requirement regarding, and agrees not to demand, request, plead or otherwise claim the benefit of, any marshalling, appraisement, valuation or other similar right that may otherwise be available under applicable law.

Waiver of Marshalling and Similar Rights. Each Representative for itself and each Secured Creditor, Creditor it represents to the fullest extent permitted by applicable law, waives as to each all other Secured Creditor Creditors any requirement regarding, and agrees not to demand, request, plead or otherwise claim the benefit of, any marshalling, appraisement, valuation or other similar right that may otherwise be available under applicable law.