Common use of Deferral of Chargors’ rights Clause in Contracts

Deferral of Chargors’ rights. (a) Until all amounts which may be or become payable by the Loan Parties under or in connection with the Loan Documents have been irrevocably paid in full and unless the Collateral Agent otherwise directs (in which case it shall take such action as it is directed), no Chargor will exercise any rights which it may have by reason of performance by it of its obligations under the Loan Documents:

Deferral of Chargors’ rights. (a) Until all amounts which may be or become payable by the Loan Parties Obligors under or in connection with the Loan Documents have been irrevocably paid in full and unless the Collateral Agent otherwise directs (in which case it shall take such action as it is directed)directs, no Chargor will exercise any rights which it may have by reason of performance by it of its obligations under the Loan Documents:

Deferral of Chargors’ rights. (a) Until all amounts which may be or become payable by the Loan Parties under or in connection with the Loan Documents have been irrevocably paid in full and unless the Collateral Agent otherwise directs (in which case it It shall take such action as it is directed), no Chargor will exercise any rights which it may have by reason of performance by it of its obligations under the Loan Documents: