Examples of ABL Facility Agent in a sentence
Without the prior written consent of the ABL Facility Agent, no First Pri- ority Security Document or Junior Lien Security Document may be amended, supplemented or otherwise modified or entered into to the extent such amendment, supplement or modification, or the terms of any new First Priority Security Document or new Junior Lien Document, would contravene the provisions of this Agreement.
In exercising rights and remedies with respect to the Notes Collateral, the ABL Facility Agent and the ABL Secured Parties may enforce the provisions of the ABL Documents and exercise remedies thereunder, all in such order and in such manner as they may determine in the exercise of their sole discretion.
The ABL Facility Agent further agrees to take all other action reasonably requested by such Person in connection with such Person obtaining a first priority interest in the Pledged ABL Facility Collateral or as a court of competent jurisdiction may otherwise direct.
The Junior Lien Collateral Agent, on behalf of itself and the Junior Lien Secured Parties, agrees that the ABL Secured Parties and the ABL Facility Agent have no duty to the Junior Xxxx Xxxxxx- eral Agent or the Junior Lien Secured Parties in respect of the maintenance or preservation of the Notes Collateral, the ABL Obligations or otherwise.
Except as otherwise set forth in this Agreement, the ABL Facility Agent, the ABL Secured Parties, the Junior Lien Collateral Agent and the Junior Lien Secured Parties may exercise rights and remedies as unsecured creditors against the Company or any other Grantor that has guaranteed the ABL Obligations or the Junior Lien Obligations in accordance with the terms of the ABL Documents, the Notes Documents and applicable law.