Waiver of Right of Marshaling. (a) Prior to the Discharge of Priority Lien Obligations, Junior Lien Secured Parties, each Junior Lien Representative and the Collateral Agent may not assert or enforce any marshaling, appraisal, valuation or other similar right accorded to a junior lienholder, as against the Priority Lien Secured Parties or the Priority Lien Representatives (in their capacity as priority lienholders). (b) Following the Discharge of Priority Lien Obligations, the Junior Lien Secured Parties and any Junior Lien Representative may assert their rights under the UCC or otherwise to any proceeds remaining following a sale or other disposition of Collateral by, or on behalf of, the Priority Lien Secured Parties.
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Samples: Collateral Agency Agreement, Collateral Agency Agreement (Gogo Inc.)
Waiver of Right of Marshaling. (a) Prior to the Discharge of Priority Lien Obligations, Junior Parity Lien Secured Parties, each Junior Parity Lien Representative and the Collateral Agent Trustee may not assert or enforce any marshaling, appraisal, valuation or other similar right accorded to a junior lienholder, as against the Priority Lien Secured Parties or the Priority Lien Representatives (in their capacity as priority lienholders).
(b) Following the Discharge of Priority Lien Obligations, the Junior Parity Lien Secured Parties and any Junior Parity Lien Representative may assert their rights right under the UCC or otherwise to any proceeds remaining following a sale or other disposition of Collateral by, or on behalf of, the Priority Lien Secured Parties.
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Waiver of Right of Marshaling. (a) Prior to the Discharge of Priority Lien Obligations, Junior Lien Secured Parties, each Junior Lien Representative and the Collateral Agent Trustee may not assert or enforce any marshaling, appraisal, valuation or other similar right accorded to a junior lienholder, lienholder as against the Priority Lien Secured Parties or the Priority Lien Representatives (in their capacity as priority lienholders).
(b) . Following the Discharge of Priority Lien Obligations, the Junior Lien Secured Parties and any Junior Lien Representative may assert their rights right under the UCC or otherwise to any proceeds remaining following a sale or other disposition of Collateral by, or on behalf of, the Priority Lien Secured Parties.
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Samples: Supplemental Indenture (Altera Infrastructure L.P.)
Waiver of Right of Marshaling. (a) Prior to the Discharge of Priority Lien Obligations, Junior Parity Lien Secured Parties, each Junior Parity Lien Representative and the Collateral Agent Trustee may not assert or enforce any marshaling, appraisal, valuation or other similar right accorded to a junior lienholder, lienholder as against the Priority Lien Secured Parties or the Priority Lien Representatives (in their capacity as priority lienholders).
(b) Following the Discharge of Priority Lien Obligations, the Junior Parity Lien Secured Parties and any Junior Parity Lien Representative may assert their rights right under the UCC or otherwise to 25 US-DOCS\104188909.12 any proceeds remaining following a sale or other disposition of Collateral by, or on behalf of, the Priority Lien Secured Parties.
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Samples: Collateral Trust Agreement
Waiver of Right of Marshaling. (a) Prior to the Discharge of Priority Lien Obligations, Junior Lien Secured Parties, each Junior Lien Representative and the Collateral Agent may not assert or enforce any marshaling, appraisal, valuation or other similar right accorded to a junior lienholder, as against the Priority Lien Secured Parties or the Priority Lien Representatives (in their capacity as priority lienholders).
(b) Following the Discharge of Priority Lien Obligations, the Junior Lien Secured Parties and any Junior Lien Representative may assert their rights right under the UCC or otherwise to any proceeds remaining following a sale or other disposition of Collateral by, or on behalf of, the Priority Lien Secured Parties.
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