Common use of Waiver of Right to Contest Liens Clause in Contracts

Waiver of Right to Contest Liens. The Term Agent, for and on behalf of itself and the Term Secured Parties, agrees that it and they shall not (and hereby waives any right to) take any action to contest or challenge (or assist or support any other Person in contesting or challenging), directly or indirectly, whether or not in any proceeding (including in any Insolvency Proceeding), the validity, priority, enforceability, or perfection of the Liens of the ABL Agent and the ABL Secured Parties in respect of the Collateral or the provisions of this Agreement. The Term Agent, for itself and on behalf of the Term Secured Parties, agrees that none of the Term Agent or the Term Secured Parties will take any action that would interfere with any Exercise of Secured Creditor Remedies undertaken by the ABL Agent or any ABL Secured Party under the ABL Documents with respect to the ABL Priority Collateral. The Term Agent, for itself and on behalf of the Term Secured Parties, hereby waives any and all rights it or the Term Secured Parties may have as a junior lien creditor or otherwise to contest, protest, object to, or interfere with the manner in which the ABL Agent or any ABL Lender seeks to enforce its Liens in any ABL Priority Collateral. The foregoing shall not be construed to prohibit the Term Agent from enforcing the provisions of this Agreement. 18 Form of J. Crew Intercreditor Agreement

Waiver of Right to Contest Liens. The Each Term Agent, for and on behalf of itself and the applicable Term Secured Parties, agrees that it and they shall not (and hereby waives any right to) take any action to contest or challenge (or assist or support any other Person in contesting or challenging), directly or indirectly, whether or not in any proceeding (including in any Insolvency Proceeding), the validity, priority, enforceability, or perfection of the Liens of the ABL Agent and the ABL Secured Parties in respect of the Collateral or the provisions of this Agreement. The Each Term Agent, for itself and on behalf of the applicable Term Secured Parties, agrees that none of the Term Agent Agents or the Term Secured Parties will take any action that would interfere with any Exercise of Secured Creditor Remedies undertaken by the ABL Agent or any ABL Secured Party under the ABL Documents with respect to the ABL Priority Collateral. The Each Term Agent, for itself and on behalf of the applicable Term Secured Parties, hereby waives any and all rights it or the Term Secured Parties may have as a junior lien creditor or otherwise to contest, protest, object to, or interfere with the manner in which the ABL Agent or any ABL Lender seeks to enforce its Liens in any ABL Priority Collateral. The foregoing shall not be construed to prohibit the any Term Agent from enforcing the provisions of this Agreement or otherwise acting in accordance with this Agreement. 18 Form of J. Crew Intercreditor Agreement.

Waiver of Right to Contest Liens. The Term Second Lien Agent, for and on behalf of itself and the Term Second Lien Secured Parties, agrees that it and they shall not (and hereby waives any right to) take any action to contest or challenge (or assist or support any other Person in contesting or challenging), directly or indirectly, whether or not in any proceeding (including in any Insolvency Proceeding), the validity, priority, enforceability, or perfection of the Liens of the ABL Agent Agents and the ABL Secured Parties in respect of the Collateral or the provisions of this Agreement. The Term Second Lien Agent, for itself and on behalf of the Term Second Lien Secured Parties, agrees that none of the Term Second Lien Agent or the Term Second Lien Secured Parties will take any action that would interfere with any Exercise of Secured Creditor Remedies undertaken by the ABL Agent Agents or any ABL Secured Party under the ABL Documents with respect to the ABL Priority Collateral. The Term Second Lien Agent, for itself and on behalf of the Term Second Lien Secured Parties, hereby waives any and all rights it or the Term Second Lien Secured Parties may have as a junior lien creditor or otherwise to contest, protest, object to, or interfere with the manner in which the ABL Agent Agents or any ABL Lender seeks to enforce its Liens in any ABL Priority Collateral. The foregoing shall not be construed to prohibit the Term Second Lien Agent from enforcing the provisions of this Agreement or otherwise acting in accordance with this Agreement. 18 Form of J. Crew Intercreditor Agreement.

Waiver of Right to Contest Liens. The Term Second Lien Agent, for and on behalf of itself and the Term Second Lien Secured Parties, agrees that it and they shall not (and hereby waives any right to) take any action to contest or challenge (or assist or support any other Person in contesting or challenging), directly or indirectly, whether or not in any proceeding (including in any Insolvency Proceeding), the validity, priority, enforceability, or perfection of the Liens of the ABL Agent Agents and the ABL Secured Parties in respect of the Collateral or the provisions of this Agreement. The Term Second Lien Agent, for itself and on behalf of the Term Second Lien Secured Parties, agrees that none of the Term Second Lien Agent or the Term Second Lien Secured Parties will take any action that would interfere with any Exercise of Secured Creditor Remedies undertaken by the ABL Agent Agents or any ABL Secured Party under the ABL Documents with respect to the ABL Priority Collateral. The Term Second Lien Agent, for itself and on behalf of the Term Second Lien Secured Parties, hereby waives any and all rights it or the Term Second Lien Secured Parties may have as a junior lien creditor or otherwise to contest, protest, object to, or interfere with the manner in which the ABL Agent Agents or any ABL Lender seeks to enforce its Liens in any ABL Priority Collateral. The foregoing shall not be construed to prohibit the Term Second Lien Agent from enforcing the provisions of this Agreement or otherwise acting in accordance with this Agreement. 18 Form of J. Crew Intercreditor Agreement.

Waiver of Right to Contest Liens. (a) The Term Loan Agent, for and on behalf of itself and the Term Loan Secured Parties, agrees that it and they shall not (and hereby waives any right to) take any action to contest or challenge (or assist or support any other Person in contesting or challenging), directly or indirectly, whether or not in any proceeding (including in any Insolvency Proceeding), the validity, priority, enforceability, or perfection of the Liens of, or the allowability of the claims asserted by, the ABL Agent and the ABL Secured Parties in respect of the Collateral or the provisions of this Agreement. The Except to the extent expressly set forth in this Agreement, the Term Loan Agent, for itself and on behalf of itself and the Term Loan Secured Parties, agrees that none of the Term Loan Agent or the Term Loan Secured Parties will take any action that would interfere with any Exercise of Secured Creditor Remedies undertaken by the ABL Agent or any ABL Secured Party under the ABL Documents with respect to the ABL Priority Collateral. The Except to the extent expressly set forth in this Agreement, the Term Loan Agent, for itself and on behalf of itself and the Term Loan Secured Parties, hereby waives any and all rights it or the Term Loan Secured Parties may have as a junior lien creditor or otherwise to contest, protest, object to, or interfere with the manner in which the ABL Agent or any ABL Lender Secured Party seeks to enforce its Liens in any ABL Priority Collateral. The foregoing shall not be construed to prohibit the Term Agent from enforcing the provisions of this Agreement. 18 Form of J. Crew Intercreditor Agreement.