Lien Agent Sample Clauses

Lien Agent. In the event that any one or more of the Second Lien Creditors exercises the purchase option set forth in this Section 3, 1.5 Lien Agent shall take such action with respect to the Collateral (including in an Insolvency Proceeding) as may be reasonably requested in good faith and in writing by such Second Lien Creditors until the closing of such purchase. Notwithstanding anything to the contrary provided herein, the 1.5 Lien Creditors may take any Enforcement Actions they deem reasonable unless and until the Second Lien Creditors have notified 1.5 Lien Agent of their irrevocable option to purchase the 1.5 Lien Obligations.