Common use of No Sharing Clause in Contracts

No Sharing. Any amounts which are lawfully received by any Secured Lender under its Secured Document prior to the earlier of the delivery by the Agent of an Acceleration Notice or the occurrence of a Termination Event hereunder are not required to be shared pursuant to the provisions of Section 10.7.

Appears in 3 contracts

Sources: Credit Agreement (PRECISION DRILLING Corp), Credit Agreement (PRECISION DRILLING Corp), Credit Agreement (Precision Diversified Oilfield Services Corp.)