Common use of No Marshalling Clause in Contracts

No Marshalling. Neither the Administrative Agent nor any other Secured Party shall be required to marshal any present or future collateral security (including but not limited to the Collateral) for, or other assurances of payment of, the Obligations or any of them or to resort to such collateral security or other assurances of payment in any particular order.

Appears in 7 contracts

Sources: Credit Agreement (Magnum Hunter Resources Corp), Security and Pledge Agreement (Mitcham Industries Inc), Revolving Credit Agreement (Carriage Services Inc)

No Marshalling. Neither the Administrative Agent nor any other Secured Party shall be required to marshal any present or future collateral security (including but not limited to the Collateral) for, or other assurances of payment of, the Obligations or any of them or to resort to such collateral security or other assurances of payment in any particular order.

Appears in 2 contracts

Sources: Second Lien Security and Pledge Agreement (Amedisys Inc), Security and Pledge Agreement (Amedisys Inc)

No Marshalling. Neither the Administrative Collateral Agent nor any other Secured Party shall be required to marshal any present or future collateral security (including but not limited to the Collateral) for, or other assurances of payment of, the Obligations or any of them or to resort to such collateral security or other assurances of payment in any particular order.

Appears in 1 contract

Sources: Second Lien Credit Agreement (Magnum Hunter Resources Corp)