Common use of Waiver of Right of Marshaling Clause in Contracts

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).

Appears in 3 contracts

Samples: Collateral Agency Agreement, Collateral Agency Agreement (Gogo Inc.), Collateral Agency Agreement (Gogo Inc.)

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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).

Appears in 1 contract

Samples: Collateral Trust Agreement (Foresight Energy LP)

Waiver of Right of Marshaling. (a) Prior to the Discharge of Priority First Lien Obligations, the Junior Lien Secured Parties, each Junior Lien Representative Parties 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 First Lien Secured Parties or the Priority Lien Representatives (in their capacity as priority senior lienholders).

Appears in 1 contract

Samples: Collateral Trust Agreement (Valaris LTD)

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).

Appears in 1 contract

Samples: Collateral Trust Agreement

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Waiver of Right of Marshaling. (a) Prior to the Discharge of Priority First Lien Obligations, the Junior Lien Secured Parties, each Junior Lien Representative Parties and the Collateral Agent may not assert or enforce any marshaling, appraisal, valuation or other similar right accorded to a junior lienholder, lienholder as against the Priority First Lien Secured Parties or the Priority Lien Representatives (in their capacity as priority senior lienholders).

Appears in 1 contract

Samples: Intercreditor Agreement (Diamond Offshore Drilling, Inc.)

Waiver of Right of Marshaling. (a) Prior to the Discharge of Priority First Lien Obligations, the Junior Lien Secured Parties, each Junior Lien Representative Parties 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 First Lien Secured Parties or the Priority Lien Representatives (in their capacity as priority lienholders)Parties.

Appears in 1 contract

Samples: Collateral Trust Agreement (Seadrill LTD)

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