Common use of Actions Upon Breach Clause in Contracts

Actions Upon Breach. Should any Second Priority Representative or any Second Priority Debt Party, contrary to this Agreement, in any way take, attempt to take or threaten to take any action with respect to the Shared Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement) or fail to take any action required by this Agreement, any Senior Representative or other Senior Secured Party (in its or their own name or in the name of the Company or any other Grantor) may obtain relief against such Second Priority Representative or such Second Priority Debt Party by injunction, specific performance or other appropriate equitable relief. Each Second Priority Representative, on behalf of itself and each Second Priority Debt Party under its Second Priority Facility, hereby (a) agrees that the Senior Secured Parties’ damages from the actions of the Second Party Representatives or any Second Priority Debt Party may at that time be difficult to ascertain and may be irreparable and waives any defense that the Company, any other Grantor or the Senior Secured Parties cannot demonstrate damage or be made whole by the awarding of damages and (b) irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be brought by any Senior Representative or any other Senior Secured Party.

Appears in 2 contracts

Samples: Credit Agreement (Quintiles Transnational Holdings Inc.), Credit Agreement (Quintiles Transnational Holdings Inc.)

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Actions Upon Breach. Should any Second Priority Junior Representative or any Second Priority Debt Junior Secured Party, contrary to this Agreement, in any way take, attempt to take or threaten to take any action with respect to the Shared Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement) or fail to take any action required by this Agreement, the Designated Senior Representative or any other Senior Representative or other Senior Secured Party (in its or their own name or in the name of the Company Borrower or any other Grantor) or the Borrower may obtain relief against such Second Priority Junior Representative or such Second Priority Debt Junior Secured Party by injunction, specific performance or other appropriate equitable relief. Each Second Priority Junior Representative, on behalf of itself and each Second Priority Debt Junior Secured Party under its Second Priority Junior Debt Facility, hereby (ai) agrees that the Senior Secured Parties’ damages from the actions of the Second Party Junior Representatives or any Second Priority Debt Junior Secured Party may at that time be difficult to ascertain and may be irreparable and waives any defense that the CompanyBorrower, any other Grantor or the Senior Secured Parties cannot demonstrate damage or be made whole by the awarding of damages and (bii) irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be brought by the Designated Senior Representative, any other Senior Representative or any other Senior Secured Party.

Appears in 2 contracts

Samples: Collateral Agreement (Pathfinder Acquisition Corp), Intercreditor Agreement (Amc Entertainment Holdings, Inc.)

Actions Upon Breach. Should any Second Priority Junior Representative or any Second Junior Priority Debt Party, contrary to this Agreement, in any way take, attempt to take or threaten to take any action with respect to the Shared Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement) or fail to take any action required by this Agreement, any Senior Representative or other Senior Secured Party (in its or their own name or in the name of the Company Borrower or any other Grantor) may obtain relief against such Second Priority Junior Representative or such Second Junior Priority Debt Party by injunction, specific performance or other appropriate equitable relief. Each Second Priority Junior Representative, on behalf of itself and each Second Junior Priority Debt Party under its Second Junior Priority Debt Facility, hereby (ai) agrees that the Senior Secured Parties’ damages from the actions of the Second Party Junior Representatives or any Second Junior Priority Debt Party may at that time be difficult to ascertain and may be irreparable and waives any defense that the CompanyBorrower, any other Grantor or the Senior Secured Parties cannot demonstrate damage or be made whole by the awarding of damages and (bii) irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be brought by any Senior Representative or any other Senior Secured Party.

Appears in 2 contracts

Samples: Credit Agreement (Wyndham Destinations, Inc.), Credit Agreement (Wyndham Destinations, Inc.)

Actions Upon Breach. Should any Second Junior Priority Representative or any Second Junior Priority Debt Party, contrary to this Agreement, in any way take, attempt to take or threaten to take any action with respect to the Shared Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement) or fail to take any action required by this Agreement, any Senior Representative or other Senior Secured Party (in its or their own name or in the name of the Company a Borrower or any other Grantor) or a Borrower or any other Grantor may obtain relief against such Second Junior Priority Representative or such Second Junior Priority Debt Party by injunction, specific performance or other appropriate equitable relief. Each Second Junior Priority Representative, on behalf of itself and each Second Junior Priority Debt Party under its Second Junior Priority Debt Facility, hereby (ai) agrees that the Senior Secured Parties’ damages from the actions of the Second Party Junior Priority Representatives or any Second Junior Priority Debt Party may at that time be difficult to ascertain and may be irreparable and waives any defense that the Companya Borrower, any other Grantor or the Senior Secured Parties cannot demonstrate damage or be made whole by the awarding of damages and (bii) irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be brought by any Senior Representative or any other Senior Secured Party.

Appears in 2 contracts

Samples: Credit Agreement (Transfirst Holdings Corp.), Credit Agreement (Transfirst Holdings Corp.)

Actions Upon Breach. Should any Second Priority Junior Representative or any Second Priority Debt Junior Secured Party, contrary to this Agreement, in any way take, attempt to take or threaten to take any action with respect to the Shared Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement) or fail to take any action required by this Agreement, the Designated Senior Representative or any other Senior Representative or other Senior Secured Party (in its or their own name or in the name of the Company Borrower or any other Grantor) or the Borrower may obtain relief against such Second Priority Junior Representative or such Second Priority Debt Junior Secured Party by injunction, specific performance or other appropriate equitable relief. Each Second Priority Junior Representative, on behalf of itself and each Second Priority Debt Junior Secured Party under its Second Priority Junior Debt Facility, hereby (ai) agrees that the Senior Secured Parties’ damages from the actions of the Second Party Junior Representatives or any Second Priority Debt Junior Secured Party may at that time be difficult to ascertain and may be irreparable and waives any defense that the CompanyBorrower, any other Grantor or the Senior Secured Parties cannot demonstrate damage or be made whole by the awarding of damages and (bii) irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be brought by the Designated Senior Representative, any other Senior Representative or any other and Senior Secured Party.

Appears in 1 contract

Samples: Collateral Agreement (Sinclair Broadcast Group Inc)

Actions Upon Breach. Should any Second Priority Junior Representative or any Second Priority Debt Junior Secured Party, contrary to this Agreement, in any way take, attempt to take or threaten to take any action with respect to the Shared Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement) or fail to take any action required by this Agreement, the Designated Senior Representative or any other Senior Representative or other Senior Secured Party (in its or their own name or in the name of the Company Borrowers or any other Grantor) or any Borrower may obtain relief against such Second Priority Junior Representative or such Second Priority Debt Junior Secured Party by injunction, specific performance or other appropriate equitable relief. Each Second Priority Junior Representative, on behalf of itself and each Second Priority Debt Junior Secured Party under its Second Priority Junior Debt Facility, hereby (ai) agrees that the Senior Secured Parties’ damages from the actions of the Second Party Junior Representatives or any Second Priority Debt Junior Secured Party may at that time be difficult to ascertain and may be irreparable and waives any defense that the CompanyBorrower, any other Grantor or the Senior Secured Parties cannot demonstrate damage or be made whole by the awarding of damages and (bii) irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be brought by the Designated Senior Representative, any other Senior Representative or any other Senior Secured Party.

Appears in 1 contract

Samples: Intercreditor Agreement (SMART Global Holdings, Inc.)

Actions Upon Breach. Should any Second Priority Junior Representative or any Second Junior Priority Debt Party, contrary to this Agreement, in any way take, attempt to take or threaten to take any action with respect to the Shared Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement) or fail to take any action required by this Agreement, any Senior Representative or other Senior Secured Party (in its or their own name or in the name of the Company Holdings or any other Grantor) may obtain relief against such Second Priority Junior Representative or such Second Junior Priority Debt Party by injunction, specific performance or other appropriate equitable relief. Each Second Priority Junior Representative, on behalf of itself and each Second Junior Priority Debt Party under its Second Junior Priority Debt Facility, hereby (ai) agrees that the Senior Secured Parties’ damages from the actions of the Second Party Junior Representatives or any Second Junior Priority Debt Party may at that time be difficult to ascertain and may be irreparable and waives any defense that the CompanyHoldings, any other Grantor or the Senior Secured Parties cannot demonstrate damage or be made whole by the awarding of damages and (bii) irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be brought by any Senior Representative or any other Senior Secured Party.

Appears in 1 contract

Samples: Junior Intercreditor Agreement (Houghton Mifflin Harcourt Co)

Actions Upon Breach. Should any Second Junior Priority Representative or any Second Junior Priority Debt Party, contrary to this Agreement, in any way take, attempt to take or threaten to take any action with respect to the Shared Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement) or fail to take any action required by this Agreement, any Senior Representative or other Senior Secured Party (in its or their own name or in the name of the Company or any other Grantor) or the Company may obtain relief against such Second Junior Priority Representative or such Second Junior Priority Debt Party by injunction, specific performance or other appropriate equitable relief. Each Second Junior Priority Representative, on behalf of itself and each Second Junior Priority Debt Party under its Second Junior Priority Facility, hereby (ai) agrees that the Senior Secured Parties’ damages from the actions of the Second Party Junior Priority Representatives or any Second Junior Priority Debt Party may at that time be difficult to ascertain and may be irreparable and waives any defense that the Company, any other Grantor or the Senior Secured Parties cannot demonstrate damage or be made whole by the awarding of damages and (bii) irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be brought by any Senior Representative or any other Senior Secured Party.

Appears in 1 contract

Samples: Credit Agreement (CHC Group Ltd.)

Actions Upon Breach. Should any Second Priority Junior Representative or any Second Junior Priority Debt Party, contrary to this Agreement, in any way take, attempt to take or threaten to take any action with respect to the Shared Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement) or fail to take any action required by this Agreement, any Senior Representative or other Senior Secured Party (in its or their own name or in the name of the Company Borrowers or any other Grantor) may obtain relief against such Second Priority Junior Representative or such Second Junior Priority Debt Party by injunction, specific performance or other appropriate equitable relief. Each Second Priority Junior Representative, on behalf of itself and each Second Junior Priority Debt Party under its Second Junior Priority Debt Facility, hereby (ai) agrees that the Senior Secured Parties’ damages from the actions of the Second Party Junior Representatives or any Second Junior Priority Debt Party may at that time be difficult to ascertain and may be irreparable and waives any defense that the CompanyBorrowers, any other Grantor or the Senior Secured Parties cannot demonstrate damage or be made whole by the awarding of damages and (bii) irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be brought by any Senior Representative or any other Senior Secured Party.

Appears in 1 contract

Samples: Credit Agreement (W R Grace & Co)

Actions Upon Breach. Should any Second Priority Representative or any Second Priority Debt Party, contrary to this Agreement, in any way take, attempt to take or threaten to take any action with respect to the Shared Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement) or fail to take any action required by this Agreement, any Senior Representative or other Senior Secured Party (in its or their own name or in the name of the Company or any other Grantor) may obtain relief against such Second Priority Representative or such Second Priority Debt Party by injunction, specific performance or other appropriate equitable relief. Each Second Priority Representative, on behalf of itself and each Second Priority Debt Party under its Second Priority Facility, hereby (ai) agrees that the Senior Secured Parties’ damages from the actions of the Second Party Priority Representatives or any Second Priority Debt Party may at that time be difficult to ascertain and may be irreparable and waives any defense that the Company, any other Grantor or the Senior Secured Parties cannot demonstrate damage or be made whole by the awarding of damages and (bii) irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be brought by any Senior Representative or any other Senior Secured Party.

Appears in 1 contract

Samples: Intercreditor Agreement (Alliance One International, Inc.)

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Actions Upon Breach. Should any Second Priority the Junior Lien Representative or any Second Priority Debt other Junior Lien Secured Party, contrary to this Agreement, in any way take, attempt to take or threaten to take any action with respect to the Shared Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement) or fail to take any action required by this Agreement, any the Senior Lien Representative or any other Senior Lien Secured Party (in its or their own name or in the name of the Company or any other Grantor) may obtain relief against such Second Priority the Junior Lien Representative or such Second Priority Debt other Junior Lien Secured Party by injunction, specific performance or other appropriate equitable relief. Each Second Priority The Junior Lien Representative, on behalf of itself and each Second Priority Debt Party under its Second Priority Facilityother Junior Lien Secured Party, hereby (ai) agrees that the Senior Lien Secured Parties’ damages from the actions of the Second Party Representatives Junior Lien Representative or any Second Priority Debt other Junior Lien Secured Party may at that time be difficult to ascertain and may be irreparable and waives any defense that the Company, any other Grantor or the Senior Lien Secured Parties cannot demonstrate damage or be made whole by the awarding of damages and (bii) irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be brought by any the Senior Lien Representative or any other Senior Lien Secured Party.

Appears in 1 contract

Samples: Intercreditor Agreement (AAC Holdings, Inc.)

Actions Upon Breach. Should any Second Priority Junior Representative or any Second Junior Priority Debt Party, contrary to this Agreement, in any way take, attempt to take or threaten to take any action with respect to the Shared Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement) or fail to take any action required by this Agreement, any the Senior Representative or other Senior Secured Party (in its or their own name or in the name of the Company Holdings or any other Grantor) may obtain relief against such Second Priority Junior Representative or such Second Junior Priority Debt Party by injunction, specific performance or other appropriate equitable relief. Each Second Priority Junior Representative, on behalf of itself and each Second Junior Priority Debt Party under its Second Junior Priority Debt Facility, hereby (ai) agrees that the Senior Secured Parties’ damages from the actions of the Second Party Junior Representatives or any Second Junior Priority Debt Party may at that time be difficult to ascertain and may be irreparable and waives any defense that the CompanyHoldings, any other Grantor or the Senior Secured Parties cannot demonstrate damage or be made whole by the awarding of damages and (bii) irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be brought by any the Senior Representative or any other Senior Secured Party.

Appears in 1 contract

Samples: Credit Agreement (Nabors Industries LTD)

Actions Upon Breach. Should any Second Priority Junior Representative or any Second Priority Debt Junior Secured Party, contrary to this Agreement, in any way take, attempt to take or threaten to take any action with respect to the Shared Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement) or fail to take any action required by this Agreement, the Designated Senior Representative or any other Senior Representative or other Senior Secured Party (in its or their own name or in the name of the Company Borrower or any other Grantor) or the Borrower may obtain relief against such Second Priority Junior Representative or such Second Priority Debt Junior Secured Party by injunction, specific performance or other appropriate equitable relief. Each Second Priority Junior Representative, on behalf of itself and each Second Priority Debt Junior Secured Party under its Second Priority Junior Debt Facility, hereby (a) agrees that the Senior Secured Parties’ damages from the actions of the Second Party Junior Representatives or any Second Priority Debt Junior Secured Party may at that time be difficult to ascertain and may be irreparable and waives any defense that the CompanyBorrower, any other Grantor or the Senior Secured Parties cannot demonstrate damage or be made whole by the awarding of damages and (b) irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be brought by the Designated Senior Representative, any other Senior Representative or any other Senior Secured Party.

Appears in 1 contract

Samples: Intercreditor Agreement (Amc Entertainment Holdings, Inc.)

Actions Upon Breach. Should any Second Junior Priority Representative or any Second Junior Priority Debt Party, contrary to this Agreement, in any way take, attempt to take or threaten to take any action with respect to the Shared Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement) or fail to take any action required by this Agreement, any Senior Representative or other Senior Secured Party (in its or their own name or in the name of the Company Either of the Issuers or any other Grantor) or either of the Issuers may obtain relief against such Second Junior Priority Representative or such Second Junior Priority Debt Party by injunction, specific performance or other appropriate equitable relief. Each Second Junior Priority Representative, on behalf of itself and each Second Junior Priority Debt Party under its Second Junior Priority Facility, hereby (a) agrees that the Senior Secured Parties’ damages from the actions of the Second Party Junior Priority Representatives or any Second Junior Priority Debt Party may at that time be difficult to ascertain and may be irreparable and waives any defense that either of the CompanyIssuers, any other Grantor or the Senior Secured Parties cannot demonstrate damage or be made whole by the awarding of damages and (b) irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be brought by any Senior Representative or any other Senior Secured Party.

Appears in 1 contract

Samples: Junior Lien Intercreditor Agreement (Diamond Offshore Drilling, Inc.)

Actions Upon Breach. Should any Second Priority Junior Representative or any Second Priority Debt Junior Secured Party, contrary to this Agreement, in any way take, attempt to take or threaten to take any action with respect to the Shared Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement) or fail to take any action required by this Agreement, the Designated Senior Representative or any other Senior Representative or other Senior Secured Party (in its or their own name or in the name of the Company Borrower or any other Grantor) or the Borrower may obtain relief against such Second Priority Junior Representative or such Second Priority Debt Junior Secured Party by injunction, specific performance or other appropriate equitable relief. Each Second Priority Junior Representative, on behalf of itself and each Second Priority Debt Junior Secured Party under its Second Priority FacilityJunior Debt Documents, hereby (ai) agrees that the Senior Secured Parties’ damages from the actions of the Second Party Junior Representatives or any Second Priority Debt Junior Secured Party may at that time be difficult to ascertain and may be irreparable and waives any defense that the Companya Borrower, any other Grantor or the Senior Secured Parties cannot demonstrate damage or be made whole by the awarding of damages and (bii) irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be brought by the Designated Senior Representative, any other Senior Representative or any other Senior Secured Party.

Appears in 1 contract

Samples: First Lien Security Agreement (Walter Investment Management Corp)

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