Limit on Enforcement Sample Clauses

Limit on Enforcement. The liens and security interests granted and provided for in the Pledge Agreement shall not be enforced as against any of the Pledged Collateral except at the direction of the Required Secured Parties upon the occurrence of an Event of Default and in compliance with the provisions hereof. As long as any Obligations exist or may become outstanding pursuant to the terms of the Financing Documents, the provisions of this Intercreditor Agreement shall provide the exclusive method by which any Secured Party may exercise rights and remedies under the Pledge Agreement.
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Limit on Enforcement. The Bank Lender and the Noteholder agree among themselves and for their own benefit alone that (a) the liens and security interest and claims granted and provided for in the Security Documents shall not be enforced or action taken against any of the Collateral and (b) no action shall be taken to demand payment or otherwise enforce any rights under any Security Documents unless permitted by the terms of such Security Documents and then only at the direction of a Majority of Each Group upon the occurrence of one or more Actionable Defaults and in compliance with the provisions hereof. Each Creditor agrees that, as long as any Obligations exist or may become outstanding pursuant to the terms of the Credit Documents, the provisions of this Agreement shall provide the exclusive method by which any Creditor may exercise rights and remedies under the Security Documents.
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Limit on Enforcement. The Bank Lenders and the Noteholders agree among themselves and for their own benefit alone that the liens and security interest granted and provided for in the Security Documents shall not be enforced as against any of the Collateral except at the direction of the Majority Creditors upon the occurrence of a Maturity Event and in compliance with the provisions hereof. Each Creditor agrees that, as long as any Obligations exist or may become outstanding pursuant to the terms of the Credit Documents, the provisions of this Agreement shall provide the exclusive method by which any Creditor may exercise rights and remedies under the Security Documents.
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Limit on Enforcement. Each of the Agent, the Tranche A Lenders, the Tranche B Lenders, the Holders and the Revolving Loan Lender hereby agree among themselves that (a)(i) the liens and security interests granted to the Agent, on behalf of the Lenders and the Holders, in the Security Documents against the Tranche B Priority Collateral shall not be enforced as against any of Tranche B Priority Collateral except at the direction of the Majority Tranche B Lenders in compliance with the provisions hereof and (ii) any and all rights and interests of the Financing Parties under the Lease related to the Tranche B Priority Collateral shall not be enforced except at the direction of the Majority Tranche B Lenders in compliance with the provisions hereof, (b) at such time as all Tranche B Indebtedness has been paid in full in cash and satisfied, (i) the liens and security interests granted to the Agent, on behalf of the Lenders and the Holders, in the Security Documents against the Tranche B Priority Collateral shall not be enforced as against any of the Tranche B Priority Collateral except at the direction of the Majority Holders in compliance with the provisions hereof and (ii) any and all rights and interests of the Financing Parties under the Lease related to the Tranche B Priority Collateral shall not be enforced except at the direction of the Majority Holders in compliance with the provisions hereof, (c)(i) the liens and security interests granted to the Agent, on behalf of the Lenders and the Holders, in the Security Documents against the Tranche A Priority Collateral shall not be enforced as against any of the Tranche A Priority Collateral except at the direction of Congress in compliance with the provisions hereof and (ii) any and all rights and interests under the Lease with respect to those payments under the Lease (including, without limitation, any payment of the Termination Value in accordance with Section 17.6 of the Lease) which would be distributed to the Tranche A Lenders first in accordance with Section 8.7 of the Participation Agreement shall not be enforced except at the direction of Congress in compliance with the provisions hereof and (d) the enforcement of any and all rights and interests (other than those identified in subclauses (a), (b) and (c) above) created and existing under the Operative Agreements including, without limitation, all rights and remedies against a Guarantor shall not be taken by the Agent except at the direction of the Majority Tranche A Lende...
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Limit on Enforcement. The Secured Parties agree among themselves and for their own benefit alone that the liens and security interests granted and provided for in the Collateral Documents shall not be enforced as against any of the Collateral except by the Collateral Agent at the direction of the Majority Secured Parties upon the occurrence of an Event of Default and in compliance with the provisions hereof. Each Secured Party agrees that, as long as any Obligations exist or may become outstanding pursuant to the terms of the Financing Documents, the provisions of this Intercreditor Agreement shall provide the exclusive method by which any Secured Party may exercise rights and remedies under the Collateral Documents.
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Limit on Enforcement. The Secured Parties agree among themselves and for their own benefit alone that the Liens granted and provided for in the Collateral Documents shall not be enforced as against any of the Collateral except by the Collateral Agent at the direction of the requisite Lenders as provided in the Credit Agreement. Each Secured Party agrees that, until the Credit Agreement has been terminated and the Senior Obligations have been paid in full in cash, the provisions of this Intercreditor Agreement shall provide the exclusive method by which any Secured Party may exercise rights and remedies under the Collateral Documents. Each Subordinated Creditor agrees that, until the Credit Agreement has been terminated and the Senior Obligations have been paid in full in cash, no Subordinated Creditor may exercise any rights or remedies in respect of any Lien in the Collateral or existing under the Collateral Documents.
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Limit on Enforcement. The Senior Creditors agree among themselves and for their own benefit alone that the Liens granted and provided for in the Security Documents shall not be enforced as against any of the Collateral except at the direction of the Majority Senior Creditors upon the occurrence of an Event of Default and during the continuation thereof and in compliance with the provisions hereof; PROVIDED that, notwithstanding the foregoing, no action shall be taken to enforce any Lien on Collateral located in the State of California, or in any other jurisdiction having any applicable Law with an effect similar to California's "one-action" rule, without the consent of all of the Senior Creditors. Each Senior Creditor agrees that, as long as any Senior Obligations exist or may become outstanding pursuant to the terms of the Senior Credit Documents, the provisions of this Agreement shall provide the exclusive method by which any Senior Creditor may exercise rights and remedies under the Security Documents. In furtherance thereof, except as otherwise permitted under this Agreement, each Senior Creditor shall, for the mutual benefit of all Senior Creditors (i) refrain from taking or filing any action, judicial or otherwise, to enforce any rights or pursue any remedies under the Security Documents, except for delivering notices hereunder or exercising any rights to request and receive information or documents or to inspect or examine Collateral and (ii) refrain from exercising any rights or remedies under the Security Documents that may be exercisable as a result of an Event of Default.
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Related to Limit on Enforcement

  • Limitation on Enforcement The Lenders agree that this Guaranty may be enforced only by the action of the Administrative Agent acting upon the instructions of the Required Lenders and that no Lender shall have any right individually to seek to enforce or to enforce this Guaranty, it being understood and agreed that such rights and remedies may be exercised by the Administrative Agent for the benefit of the Lenders under the terms of this Credit Agreement. The Lenders further agree that this Guaranty may not be enforced against any director, officer, employee or stockholder of the Guarantors.

  • Specific Enforcement Each party hereto acknowledges that the remedies at law of the other parties for a breach or threatened breach of this Agreement would be inadequate and, in recognition of this fact, any party to this Agreement, without posting any bond, and in addition to all other remedies that may be available, shall be entitled to obtain equitable relief in the form of specific performance, a temporary restraining order, a temporary or permanent injunction or any other equitable remedy that may then be available.

  • LIMITATIONS ON ENFORCEMENT 7.1 The Pledgee shall be entitled to enforce the Pledge without limitation in respect of:

  • Governing Law; Enforcement This Agreement and the rights and duties of the Parties hereunder shall be governed by, and construed in accordance with, the law of the State of Delaware. The Parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the Parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement, this being in addition to any other remedy to which they are entitled at law or in equity. In addition, each of the Parties: (a) consents to submit itself to the exclusive personal jurisdiction of the Court of Chancery in and for New Castle County in the State of Delaware (or, if such court lacks jurisdiction, any appropriate state or federal court in New Castle County in the State of Delaware), in the event of any dispute related to or arising out of this Agreement or any transaction contemplated hereby; (b) agrees not to commence any action, suit or proceeding related to or arising out of this Agreement or any transaction contemplated hereby except in such courts; (c) agrees that it will not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any such court; (d) waives any right to trial by jury with respect to any action related to or arising out of this Agreement or any transaction contemplated hereby; and (e) consents to service of process by delivery pursuant to Section 8.2 hereof.

  • Rights of Enforcement The Agent shall have all of the rights and remedies of a secured party upon default under the UCC, in addition to which the Agent shall have all and each of the following rights and remedies:

  • Costs of Enforcement If any party to this Agreement seeks to enforce its rights under this Agreement by legal proceedings, the non-prevailing party shall pay all costs and expenses incurred by the prevailing party, including, without limitation, all reasonable attorneys’ fees.

  • Judicial Enforcement If any provision of this Agreement is adjudicated to be invalid or unenforceable under applicable law in any jurisdiction, the validity or enforceability of the remaining provisions thereof shall be unaffected as to such jurisdiction and such adjudication shall not affect the validity or enforceability of such provisions in any other jurisdiction. To the extent that any provision of this Agreement is adjudicated to be invalid or unenforceable because it is overbroad, that provision shall not be void but rather shall be limited only to the extent required by applicable law and enforced as so limited. The parties expressly acknowledge and agree that this Section is reasonable in view of the parties’ respective interests.

  • Cost of Enforcement In the event (a) that the Mortgage is foreclosed in whole or in part, (b) of the bankruptcy, insolvency, rehabilitation or other similar proceeding in respect of Borrower or any of its constituent Persons or an assignment by Borrower or any of its constituent Persons for the benefit of its creditors, or (c) Lender exercises any of its other remedies under this Agreement or any of the other Loan Documents, Borrower shall be chargeable with and agrees to pay all costs of collection and defense, including attorneys’ fees and costs, incurred by Lender or Borrower in connection therewith and in connection with any appellate proceeding or post-judgment action involved therein, together with all required service or use taxes.

  • Restriction on Enforcement Intra-Group Lenders Subject to Clause 12.7 (Permitted Enforcement: Intra-Group Lenders)‎, none of the Intra-Group Lenders shall be entitled to take any Enforcement Action in respect of any of the Intra-Group Liabilities at any time prior to the Final Discharge Date.

  • Severability; Enforcement If any provision of this Agreement, or the application thereof to any person, place, or circumstance, shall be held by a court of competent jurisdiction to be invalid, unenforceable, or void, the remainder of this Agreement and such provisions as applied to other persons, places, and circumstances shall remain in full force and effect.

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