Common use of Waivers of Rights Clause in Contracts

Waivers of Rights. Except as otherwise expressly set forth herein, so long as any of the Obligations remain unpaid, the Secured Parties hereby agree to refrain from exercising any and all rights each may individually (i.e., other than through the Collateral Agent) now or hereafter have applicable to the Collateral to exercise any right pursuant to the Collateral Documents, the UCC as in effect in any applicable jurisdiction, or under similar provisions of the laws of any jurisdiction, under any bankruptcy or other insolvency laws or otherwise dispose of or retain any of the Collateral. The Secured Parties hereby agree not to take any action whatsoever to enforce any term or provision of the Collateral Documents or to enforce any right with respect to the Collateral, in conflict with this Agreement, the Intercreditor Agreement or the terms and provisions of the Collateral Documents.

Appears in 2 contracts

Samples: Intercreditor and Collateral Agency Agreement, Intercreditor and Collateral Agency Agreement (Smithfield Foods Inc)

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Waivers of Rights. Except as otherwise expressly set forth herein, so long as any of the Secured Obligations remain unpaid, the Secured Parties hereby agree to refrain from exercising any and all rights each may individually (i.e., other than through the Collateral AgentTrustee) now or hereafter have applicable to the Collateral or to exercise any right pursuant to the Collateral Documents, Trust Security Documents or the UCC as in effect in any applicable jurisdiction, jurisdiction or under similar provisions of the laws of any jurisdiction, jurisdiction or under any bankruptcy or other insolvency laws or otherwise dispose of or retain any of the Collateral. The Secured Parties hereby agree not to take any action whatsoever to enforce any term or provision of the Collateral Trust Security Documents or to enforce any right with respect to the Collateral, in conflict with this Agreement, the Intercreditor Agreement or the terms and provisions of the Collateral other Trust Security Documents.

Appears in 2 contracts

Samples: Collateral Trust Agreement (YRC Worldwide Inc.), Collateral Trust and Intercreditor Agreement (American Capital, LTD)

Waivers of Rights. Except as otherwise expressly set forth herein, so long as any of the Obligations remain unpaid, the Secured Parties hereby agree to refrain from exercising any and all rights each may individually (i.e., other than through the Collateral Agent) now or hereafter have applicable to the Collateral to exercise any right pursuant to this Agreement or the Collateral applicable Loan Documents, the UCC as in effect in any applicable jurisdiction, or under similar provisions of the laws Laws of any jurisdiction, under any bankruptcy or other insolvency laws jurisdiction or otherwise dispose of or retain any of the Collateral. The Secured Parties hereby agree not to take any action whatsoever to enforce any term or provision of this Agreement or the Collateral Security Documents or to enforce any right with respect to the Collateral, in conflict with this Agreement, the Intercreditor Agreement or the terms and provisions of the Collateral Loan Documents.

Appears in 1 contract

Samples: Security Agreement (Migratec Inc)

Waivers of Rights. Except as otherwise expressly set forth herein, so long as any of the Secured Obligations remain unpaid, the Secured Parties hereby agree to refrain from exercising any and all rights each may individually (i.e., other than through the Collateral Agent) now or hereafter have applicable to the Collateral or to exercise any right pursuant to the Collateral Documents, Security Documents or the UCC as in effect in any applicable jurisdiction, jurisdiction or under similar provisions of the laws of any jurisdiction, jurisdiction or under any bankruptcy or other insolvency laws or otherwise dispose of or retain any of the Collateral. The Secured Parties hereby agree not to take any action whatsoever to enforce any term or provision of the Collateral Security Documents or to enforce any right with respect to the Collateral, in conflict with this Agreement, the Intercreditor Agreement or the terms and provisions of the Collateral other Security Documents.

Appears in 1 contract

Samples: Collateral Agency and Intercreditor Agreement (American Capital, LTD)

Waivers of Rights. Except as otherwise expressly set forth herein, so long as any of the Secured Obligations remain unpaid, the Secured Parties hereby agree to refrain from exercising any and all rights each may individually (i.e., other than through the Collateral Agent) now or hereafter have applicable to the Collateral or to exercise any right pursuant to the Collateral Documents, Trust Security Documents or the UCC as in effect in any applicable jurisdiction, jurisdiction or under similar provisions of the laws of any jurisdiction, jurisdiction or under any bankruptcy or other insolvency laws or otherwise dispose of or retain any of the Collateral. The Secured Parties hereby agree not to take any action whatsoever to enforce any term or provision of the Collateral Trust Security Documents or to enforce any right with respect to the Collateral, in conflict with this Agreement, the Intercreditor Agreement or the terms and provisions of the Collateral other Trust Security Documents.

Appears in 1 contract

Samples: Collateral Trust and Intercreditor Agreement (American Capital, LTD)

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Waivers of Rights. Except as otherwise expressly set forth herein, so long as any of the Obligations remain unpaid, the Joined Secured Parties hereby agree to refrain from exercising any and all rights each may individually (i.e., other than through the Collateral Agent) now or hereafter have applicable to the Collateral to exercise any right pursuant to the Collateral Documents, the UCC as in effect in any applicable jurisdiction, or under similar provisions of the laws of any jurisdiction, under any bankruptcy or other insolvency laws or otherwise dispose of or retain any of the Collateral. The Joined Secured Parties hereby agree not to take any action whatsoever to enforce any term or provision of the Collateral Documents or to enforce any right with respect to the Collateral, in conflict with this Agreement, the Intercreditor Agreement or the terms and provisions of the Collateral Documents.

Appears in 1 contract

Samples: Intercreditor and Collateral Agency Agreement (Verenium Corp)

Waivers of Rights. Except as otherwise expressly set forth herein, so long as any of the Secured Obligations remain unpaid, the Secured Parties hereby agree to refrain from exercising any and all rights each may individually (i.e., other than through the Collateral Agent) now or hereafter have applicable to the Collateral or to exercise any right pursuant to the Collateral Documents, Security Documents or the UCC as in effect in any applicable jurisdiction, jurisdiction or under similar provisions of the laws of any jurisdiction, jurisdiction or under any bankruptcy or other insolvency laws Bankruptcy Law or otherwise dispose of or retain any of the Collateral. The Secured Parties hereby agree not to take any action whatsoever to enforce any term or provision of the Collateral Security Documents or to enforce any right with respect to the Collateral, in conflict with this Agreement, the Intercreditor Agreement or the terms and provisions of the Collateral other Security Documents.

Appears in 1 contract

Samples: Collateral Agency and Intercreditor Agreement (FS Energy & Power Fund)

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