Enforcement Action. No Lender may initiate any Insolvency Proceeding with respect to any of the Collateral, except to the extent such Lender is acting or qualifies as the “Majority Lenders” and is instructing the Agent. No Lender may seek, and each Lender hereby waives, any right to require any of the Collateral to be partitioned. This Agreement shall not be deemed to restrict or prohibit any Lender from participating in any Insolvency Proceeding against a Borrower.
Appears in 4 contracts
Samples: Agency and Interlender Agreement (Naked Brand Group Inc.), Agency and Interlender Agreement (Vampt America, Inc.), Agency and Interlender Agreement (Search by HEADLINES.COM Corp.)
