Administration by Senior Lender. In the administration of the Senior Debt, either before or after a Senior Event of Default, Seller Creditors acknowledge and agree that Senior Lender may proceed in its sole discretion, including without limitation, (a) raising or lowering Senior Debt advances (b) declining to make further advances, (c) obtaining additional collateral for the Senior Debt, (d) extending additional financing accommodations to the Borrowers or increasing the dollar amounts of Borrowers’ credit limits, (e) extending credit terms and maturities, (f) compromising claims (so long as such claims do not impact Seller Creditors’ claims), and (g) exchanging and releasing any Senior Collateral or any obligors; all with no duty to Seller Creditors, and no such action will affect the subordination or other provisions herein in any manner.
Appears in 4 contracts
Samples: Stock Purchase Agreement (Origo Acquisition Corp), Intercreditor and Debt Subordination Agreement (Hightimes Holding Corp.), Stock Purchase Agreement (Hightimes Holding Corp.)
