Common use of No Waiver by First Lien Secured Parties Clause in Contracts

No Waiver by First Lien Secured Parties. Other than with respect to the actions permitted under Sections 2.3(b), 2.9, 3.1, 5.2 and Articles 6 and 8 hereof, nothing contained herein shall prohibit or in any way limit any First Lien Agent or any other First Lien Secured Party from opposing, challenging or objecting to, in any Insolvency Proceeding or otherwise, any action taken, or any claim made, by any Second Lien Agent or any other Second Lien Secured Party, including any request by any Second Lien Agent or any other Second Lien Secured Party for adequate protection or any exercise by any Second Lien Agent or any other Second Lien Secured Party of any of its rights and remedies under the Second Lien Documents or otherwise.

Appears in 2 contracts

Samples: Intercreditor Agreement (Arconic Inc.), Intercreditor Agreement (Arconic Rolled Products Corp)

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No Waiver by First Lien Secured Parties. Other than with respect to the actions permitted under Sections 2.3(b), 2.9, 3.1, 5.2 Second Lien Permitted Actions and Articles 6 and 8 hereofas may otherwise be expressly provided herein, nothing contained herein shall prohibit or in any way limit any the First Lien Administrative Agent or any other First Lien Secured Party from opposing, challenging or objecting to, in any Insolvency Proceeding or otherwise, any action taken, or any claim made, by any the Second Lien Administrative Agent or any other Second Lien Secured Party, including any request by any the Second Lien Administrative Agent or any other Second Lien Secured Party for adequate protection or any exercise by any the Second Lien Administrative Agent or any other Second Lien Secured Party of any of its rights and remedies under the Second Lien Loan Documents or otherwise.

Appears in 1 contract

Samples: Credit Agreement (Atlas Resource Partners, L.P.)

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No Waiver by First Lien Secured Parties. Other than with respect to the actions permitted under Sections clauses (i) through (vi) of Section 2.3(b), 2.9, 3.1, 5.2 and Articles 6 and 8 ) hereof, nothing contained herein shall prohibit or in any way limit any the First Lien Agent or any other First Lien Secured Party from opposing, challenging or objecting to, in any Insolvency Proceeding or otherwise, any action taken, or any claim made, by any the Second Lien Agent or any other Second Lien Secured Party, including any request by any the Second Lien Agent or any other Second Lien Secured Party for adequate protection or any exercise by any the Second Lien Agent or any other Second Lien Secured Party of any of its rights and remedies under the Second Lien Documents or otherwise.

Appears in 1 contract

Samples: Credit Agreement (Foundation Building Materials, Inc.)

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