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

Waiver of Marshalling and Similar Rights. Each of the parties hereto, to the fullest extent permitted by applicable law, waives 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 a creditor or any other Person may otherwise may have under applicable law.

Appears in 5 contracts

Samples: Subordination Agreement (Acura Pharmaceuticals, Inc), Subordination Agreement (Acura Pharmaceuticals, Inc), Subordination Agreement (Acura Pharmaceuticals, Inc)

AutoNDA by SimpleDocs

Waiver of Marshalling and Similar Rights. Each of the parties hereto, to the fullest extent permitted by applicable law, waives 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 a creditor or any other Person may otherwise may have be available under applicable law.

Appears in 2 contracts

Samples: Intercreditor Agreement (Appaloosa Management Lp), Intercreditor Agreement (Appaloosa Management Lp)

AutoNDA by SimpleDocs

Waiver of Marshalling and Similar Rights. Each of the parties heretoLender, to the fullest extent permitted by applicable law, waives 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 a creditor or any other Person may otherwise may have be available under applicable law.

Appears in 1 contract

Samples: Lien Intercreditor Agreement (Harvard Industries Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!