Common use of Waiver of Marshalling Clause in Contracts

Waiver of Marshalling. Until the Discharge of First-Lien Obligations, each Junior-Lien Authorized Representative and each the Junior-Lien Collateral Agents, on behalf of itself and the applicable Junior-Lien Secured Parties, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the Shared Collateral or any other similar rights a junior secured creditor may have under applicable law.

Waiver of Marshalling. Until the Discharge of First-First Lien Obligations, each Junior-of the Applicable Second Lien Authorized Representative Agent and each the Junior-Lien Collateral Agentsrelevant Representative, for itself and on behalf of itself and the applicable Junior-Second Lien Obligations Secured Parties, agrees not to assert assert, and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the Shared Common Collateral or any other similar rights a junior secured creditor may have under applicable law.

Waiver of Marshalling. Until the Discharge of First-First Lien Obligations, each Junior-of the Applicable Junior Lien Authorized Representative Agent and each the Junior-Lien Collateral Agentsrelevant Representative, for itself and on behalf of itself and the applicable Junior-Junior Lien Obligations Secured Parties, agrees not to assert assert, and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the Shared Common Collateral or any other similar rights a junior secured creditor may have under applicable law.