Common use of Actions with Respect to Shared Collateral; Prohibition on Contesting Liens Clause in Contracts

Actions with Respect to Shared Collateral; Prohibition on Contesting Liens. (a) Subject to paragraph (b), only the Applicable Collateral Agent shall act or refrain from acting with respect to any Shared Collateral (including with respect to any intercreditor agreement with respect to any Shared Collateral).

Appears in 2 contracts

Samples: Credit Agreement (IASIS Healthcare LLC), Revolving Credit Agreement (IASIS Healthcare LLC)

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Actions with Respect to Shared Collateral; Prohibition on Contesting Liens. (a) Subject to paragraph (b)12. Notwithstanding Section 2.1, only vi.only the Applicable Collateral Agent shall act or refrain from acting with respect to any Shared Collateral (including with respect to any other intercreditor agreement with respect to any Shared Collateral).,

Appears in 1 contract

Samples: Credit Agreement (Revlon Inc /De/)

Actions with Respect to Shared Collateral; Prohibition on Contesting Liens. (a) Subject With respect to paragraph any Shared Collateral, (b), i) only the Applicable Controlling Collateral Agent shall act or refrain from acting with respect to any the Shared Collateral (including with respect to any intercreditor agreement with respect to any Shared Collateral)., (ii) the Controlling Collateral Agent shall not follow any instructions with respect to such Shared Collateral (including with respect to any intercreditor agreement with respect to any Shared Collateral)

Appears in 1 contract

Samples: Intercreditor Agreement

Actions with Respect to Shared Collateral; Prohibition on Contesting Liens. (a) Subject to paragraph (b), only Only the Applicable Collateral Agent shall may act or refrain from acting with respect to any Shared Collateral (including with respect to any other intercreditor agreement with respect to any Shared Collateral).

Appears in 1 contract

Samples: First Lien Intercreditor Agreement (Mallinckrodt PLC)

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Actions with Respect to Shared Collateral; Prohibition on Contesting Liens. (a) Subject to paragraph (b), only Only the Applicable Controlling Collateral Agent shall act or refrain from acting with respect to any Shared Collateral (including with respect to any intercreditor agreement with respect to any Shared Collateral).

Appears in 1 contract

Samples: Intercreditor Agreement (Carvana Co.)

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