Common use of Waiver of Right of Marshalling Clause in Contracts

Waiver of Right of Marshalling. (a) Prior to the Discharge of Priority Lien Obligations, Noteholders, each Notes Representative and the Collateral Agent may not assert or enforce any right of marshalling, appraisement, valuation or other similar right that may otherwise be available under applicable law accorded to a junior lienholder with respect to any of the Shared Real Estate Collateral, as against the holders of Priority Lien Obligations and the Priority Lien Representatives (in their capacity as priority lienholders).

Waiver of Right of Marshalling. (a) Prior to the Discharge of Priority Lien Obligations, Noteholdersholders of Parity Lien Obligations, each Notes Representative and the Collateral Agent may not assert or enforce any right of marshalling, appraisement, valuation or other similar right that may otherwise be available under applicable law marshalling accorded to a junior lienholder with respect to any of the Shared Real Estate Collaterallienholder, as against the holders of Priority Lien Obligations and the Priority Lien Representatives (in their capacity as priority lienholders).