Common use of Waiver of Right of Marshalling Clause in Contracts

Waiver of Right of Marshalling. (a) Prior to the Discharge of Parity Lien Obligations, holders of Junior Lien Obligations, each Junior Lien Representative and the Collateral Trustee may not assert or enforce any right of marshalling accorded to a junior lienholder, as against the holders of Parity Lien Obligations and the Parity Lien Representatives (in their capacity as senior or priority lienholders) with respect to the Collateral.

Appears in 8 contracts

Samples: Collateral Trust Agreement (EFIH Finance Inc.), Collateral Trust Agreement (Energy Future Intermediate Holding CO LLC), Collateral Trust Agreement (Energy Future Intermediate Holding CO LLC)

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Waiver of Right of Marshalling. (a) Prior to the Discharge of Priority Lien Obligations, the holders of Parity Lien Obligations, holders of Junior Lien Obligations, each Junior Parity Lien Representative and the Collateral Trustee may not assert or enforce any right of marshalling accorded to a junior lienholder, as against the holders of Parity Lien Obligations and the Parity Lien Representatives Priority Liens (in their capacity as senior or priority lienholders) with respect to the Collateral).

Appears in 2 contracts

Samples: Collateral Trust Agreement (Primus Telecommunications Group Inc), Canadian Collateral Trust Agreement (Primus Telecommunications Group Inc)

Waiver of Right of Marshalling. (a) Prior to the Discharge of Parity Priority Lien Obligations, the holders of Junior Subordinated Lien Obligations, each Junior Subordinated Lien Representative and the Collateral Trustee may not assert or enforce any right of marshalling accorded to a junior lienholder, as against the holders of Parity Priority Lien Obligations and or the Parity Priority Lien Representatives (in their capacity as senior or priority lienholders) with respect to the Collateral.

Appears in 2 contracts

Samples: Collateral Trust Agreement (MRC Global Inc.), Security Agreement (MRC Global Inc.)

Waiver of Right of Marshalling. (a) Prior to the Discharge of Parity Priority Lien Obligations, holders of Junior Lien Obligations, Obligations and each Junior Lien Representative and the Collateral Trustee may not assert or enforce any right of marshalling accorded to a junior lienholder, as against the holders of Parity Priority Lien Obligations and the Parity Lien Representatives (in their capacity as senior or priority lienholders) with respect to the Collateral).

Appears in 2 contracts

Samples: Collateral Trust Agreement (Delta Air Lines Inc /De/), Collateral Trust Agreement (GXS Investments, Inc.)

Waiver of Right of Marshalling. (a) Prior to the Discharge of Priority Lien Obligations, the holders of Notes and other Parity Lien Obligations, holders of Junior Lien Obligations, each Junior Parity Lien Representative and the Parity Lien Collateral Trustee Agent may not assert or enforce any right of marshalling accorded to a junior lienholder, as against the holders of Parity Lien Obligations and the Parity Lien Representatives Priority Liens (in their capacity as senior or priority lienholders) with respect to the Collateral).

Appears in 1 contract

Samples: Intercreditor Agreement (Vs Direct Inc.)

Waiver of Right of Marshalling. (a) Prior to the Discharge of Parity Lien Obligations, holders of Junior Lien Obligations, each Junior Lien Representative and the Collateral Trustee may not assert or enforce any right of marshalling accorded to a junior lienholder, as against the holders of Parity Lien Obligations and the Parity Lien Representatives (in their capacity as senior or priority lienholders) with respect to the Collateral).

Appears in 1 contract

Samples: Collateral Trust Agreement (Cheniere Energy Inc)

Waiver of Right of Marshalling. (a) Prior to the Discharge of Parity Priority Lien Obligations, holders of Junior Parity Lien Obligations, each Junior Parity Lien Representative and the Collateral Trustee Agent may not assert or enforce any right of marshalling accorded to a junior lienholder, as against the holders of Parity Lien Obligations and the Parity Lien Representatives Priority Liens (in their capacity as senior or priority lienholders) with respect to the Collateral).

Appears in 1 contract

Samples: Intercreditor Agreement (Advanced Audio Concepts, LTD)

Waiver of Right of Marshalling. (a) Prior to the Discharge of Priority Lien Obligations, the holders of the Notes and other Parity Lien Obligations, holders of Junior Lien Obligations, each Junior Parity Lien Representative and the Collateral Trustee may not assert or enforce any right of marshalling accorded to a junior lienholder, as against the Collateral Trustee, the holders of Parity Priority Lien Obligations and the Parity Priority Lien Representatives (in their capacity as senior or priority lienholders) with respect to the Collateral).

Appears in 1 contract

Samples: Collateral Trust Agreement (NewPage Energy Services LLC)

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Waiver of Right of Marshalling. (a) Prior to the Discharge of Parity Priority Lien Obligations, holders of Second Lien Notes and other Junior Lien Obligations, each Junior Lien Representative and the Collateral Trustee may not assert or enforce any right of marshalling accorded to a junior lienholder, as against the holders of Parity Priority Lien Obligations and the Parity Priority Lien Representatives (in their capacity as senior or priority lienholders) with respect to the Collateral.

Appears in 1 contract

Samples: Collateral Trust Agreement (Unisys Corp)

Waiver of Right of Marshalling. (a) Prior to the Discharge of Priority Lien Obligations, the holders of Parity Lien Obligations, holders of Junior Lien Obligations, each Junior Parity Lien Representative and the Collateral Trustee may not assert or enforce any right of marshalling accorded to a junior lienholder, as against the holders of Parity Lien Obligations and the Parity Lien Representatives any Priority Liens (in their capacity as senior or priority lienholders) with respect to the Collateral).

Appears in 1 contract

Samples: Collateral Trust Agreement (Belden & Blake Corp /Oh/)

Waiver of Right of Marshalling. (a) Prior to the Discharge of Parity Priority Lien ObligationsObligations with respect to a Collateral Class, holders of the Junior Lien ObligationsCollateral Agent, each Junior Lien Representative and the holders of Junior Lien Obligations with respect to such Collateral Trustee Class may not assert or enforce any right of marshalling accorded to a junior lienholderlienholder with respect to such Collateral, as against the holders of Parity Lien Obligations and the Parity Lien Representatives Priority Liens on such Collateral (in their capacity as senior or priority lienholders) with respect to the Collateral).

Appears in 1 contract

Samples: Intercreditor Agreement (Del Laboratories Inc)

Waiver of Right of Marshalling. (a) Prior to the Discharge of Parity Priority Lien Obligations, holders of Junior Parity Lien Obligations, each Junior Parity Lien Representative and the Parity Collateral Trustee may not assert or enforce any right of marshalling accorded to a junior lienholder, as against the holders of Parity Priority Lien Obligations and the Parity Priority Lien Representatives (in their capacity as senior or priority lienholders) with respect to the Collateral).

Appears in 1 contract

Samples: Collateral Trust Agreement (Builders FirstSource, Inc.)

Waiver of Right of Marshalling. (a) Prior to the Discharge of Parity Priority Lien Obligations, holders of Junior Lien Obligations, each Junior Lien Representative and the Collateral Trustee may not assert or enforce any right of marshalling accorded to a junior lienholder, as against the holders of Parity Priority Lien Obligations and the Parity Priority Lien Representatives (in their capacity as senior or priority lienholders) with respect to the Collateral).

Appears in 1 contract

Samples: Collateral Trust Agreement (Satelites Mexicanos Sa De Cv)

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