Common use of No Waivers of Rights of Senior Secured Parties Clause in Contracts

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Debt Party, including the seeking by any Second Priority Debt Party of adequate protection or the asserting by any Second Priority Debt Party of any of its rights and remedies under the Second Priority Debt Documents or otherwise.

Appears in 42 contracts

Samples: Intercreditor Agreement (Carvana Co.), Indenture (Maxar Technologies Inc.), Intercreditor Agreement (Life Time Group Holdings, Inc.)

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No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Debt Party, including the seeking by any Second Priority Debt Party of adequate protection or the asserting assertion by any Second Priority Debt Party of any of its rights and remedies under the Second Priority Debt Documents or otherwise.

Appears in 32 contracts

Samples: Intercreditor Agreement (Hilton Grand Vacations Inc.), Intercreditor Agreement (Driven Brands Holdings Inc.), Credit Agreement (Mercury Systems Inc)

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Junior Priority Debt Party, including the seeking by any Second Junior Priority Debt Party of adequate protection or the asserting assertion by any Second Junior Priority Debt Party of any of its rights and remedies under the Second Junior Priority Debt Documents or otherwise.

Appears in 12 contracts

Samples: Junior Lien Intercreditor Agreement (Diamond Offshore Drilling, Inc.), Intercreditor Agreement (Owens & Minor Inc/Va/), Equal Priority Intercreditor Agreement (Weight Watchers International Inc)

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Junior Priority Debt Party, including the seeking by any Second Junior Priority Debt Party of adequate protection or the asserting by any Second Junior Priority Debt Party of any of its rights and remedies under the Second Junior Priority Debt Documents or otherwise.

Appears in 9 contracts

Samples: Junior Intercreditor Agreement (Chart Industries Inc), Junior Intercreditor Agreement (Houghton Mifflin Harcourt Co), Credit Agreement (Wyndham Destinations, Inc.)

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit the Designated Senior Representative, any other Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Debt Junior Secured Party, including the seeking by any Second Priority Debt Junior Secured Party of adequate protection or the asserting by any Second Priority Debt Junior Secured Party of any of its rights and remedies under the Second Priority Junior Debt Documents or otherwise.

Appears in 7 contracts

Samples: Collateral Agreement (Pathfinder Acquisition Corp), Intercreditor Agreement (Amc Entertainment Holdings, Inc.), Collateral Agreement (Sinclair Broadcast Group Inc)

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit the Senior Collateral Agent, any Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Debt Party, including the seeking by any Second Priority Debt Party of adequate protection or the asserting by any Second Priority Debt Party of any of its rights and remedies under the Second Priority Debt Documents or otherwise.

Appears in 6 contracts

Samples: Collateral Agreement (SMART Global Holdings, Inc.), Collateral Agreement (SMART Global Holdings, Inc.), Collateral Agreement (SMART Global Holdings, Inc.)

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any the Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Debt Party, including the seeking by any Second Priority Debt Party of adequate protection or the asserting by any Second Priority Debt Party of any of its rights and remedies under the Second Priority Debt Documents or otherwise.

Appears in 6 contracts

Samples: Intercreditor Agreement (Sundance Energy Australia LTD), Second Lien Intercreditor Agreement (Samson Resources Corp), Intercreditor Agreement (Magnum Hunter Resources Corp)

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any Senior Representative Agent or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Debt Junior Secured Party, including the seeking by any Second Priority Debt Junior Secured Party of adequate protection or the asserting assertion by any Second Priority Debt Junior Secured Party of any of its rights and remedies under the Second Priority Debt applicable Junior Documents or otherwise.

Appears in 3 contracts

Samples: Credit Agreement (Norcraft Companies, Inc.), Security Agreement (Norcraft Companies, Inc.), Intercreditor Agreement (Norcraft Companies Lp)

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Debt Party, including the seeking by any Second Priority Debt Party of adequate protection Adequate Protection or the asserting by any Second Priority Debt Party of any of its rights and remedies under the Second Priority Debt Documents or otherwise.

Appears in 3 contracts

Samples: Intercreditor Agreement (Canada Goose Holdings Inc.), Intercreditor Agreement (Canada Goose Holdings Inc.), Intercreditor Agreement (Canada Goose Holdings Inc.)

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any the Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Junior Priority Debt Party, including the seeking by any Second Junior Priority Debt Party of adequate protection or the asserting by any Second Junior Priority Debt Party of any of its rights and remedies under the Second Junior Priority Debt Documents or otherwise.

Appears in 2 contracts

Samples: Intercreditor Agreement (Liveperson Inc), Credit Agreement (Nabors Industries LTD)

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any Senior Representative Agent or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Debt Junior Secured Party, including the seeking by any Second Priority Debt Junior Secured Party of adequate protection or the asserting assertion by any Second Priority Debt Junior Secured Party of any of its rights and remedies under the Second Priority applicable Junior Debt Documents or otherwise.

Appears in 2 contracts

Samples: Intercreditor Agreement (Avaya Inc), Intercreditor Agreement (Avaya Inc)

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any Senior Representative the First Lien Collateral Agent or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Junior Priority Debt Party, including the seeking by any Second Junior Priority Debt Party of adequate protection or the asserting assertion by any Second Junior Priority Debt Party of any of its rights and remedies under the Second Junior Priority Debt Documents or otherwise.

Appears in 2 contracts

Samples: Lien Intercreditor Agreement (Ultra Petroleum Corp), Warrant Agreement (Ultra Petroleum Corp)

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, shall prohibit or in any way limit the Senior Collateral Agent, any Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Debt PartySecured Party inconsistent with the terms of this Agreement, including the seeking by any Second Priority Debt Secured Party of adequate protection or the asserting assertion by any Second Priority Debt Secured Party of any of its rights and remedies under the Second Priority Debt Documents or otherwise.

Appears in 2 contracts

Samples: Intercreditor Agreement (Energy Future Intermediate Holding CO LLC), Intercreditor Agreement (Energy Future Intermediate Holding CO LLC)

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Junior Debt Party, including the seeking by any Second Priority Junior Debt Party of adequate protection or the asserting by any Second Priority Junior Debt Party of any of its rights and remedies under the Second Priority Junior Debt Documents or otherwise.

Appears in 2 contracts

Samples: Intercreditor Agreement (Focus Financial Partners Inc.), Intercreditor Agreement (Focus Financial Partners Inc.)

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Junior Priority Debt PartyParty with respect to any Shared Collateral on which such Junior Priority Debt Party holds a Junior Priority Lien, including the seeking by any Second Junior Priority Debt Party of adequate protection or the asserting assertion by any Second Junior Priority Debt Party of any of its rights and remedies under the Second Junior Priority Debt Documents or otherwise.

Appears in 2 contracts

Samples: Abl Security Agreement (Avaya Holdings Corp.), Intercreditor Agreement (Avaya Holdings Corp.)

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any the Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Debt Junior Secured Party, including the seeking by any Second Priority Debt Junior Secured Party of adequate protection or the asserting assertion by any Second Priority Debt Junior Secured Party of any of its rights and remedies under the Second Priority Junior Debt Documents or otherwise.

Appears in 1 contract

Samples: Intercreditor Agreement (Abraxas Petroleum Corp)

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Debt Partythe Subordinated Creditor, including the seeking by any Second Priority Debt Party of adequate protection or the asserting by any Second Priority Debt Party the Subordinated Creditor of any of its rights and remedies under the Second Priority Subordinated Debt Documents or otherwise.

Appears in 1 contract

Samples: Credit Agreement (SemGroup Corp)

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No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided hereinin this Agreement, prohibit or in any way limit any Senior Representative or any other Senior First Lien Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Debt Lien Secured Party, including the seeking by any Second Priority Debt Lien Secured Party of adequate protection or the asserting assertion by any Second Priority Debt Lien Secured Party of any of its rights and remedies under the Second Priority Debt Lien Documents or otherwise.

Appears in 1 contract

Samples: Intercreditor Agreement (Triumph Group Inc)

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any the Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Debt Junior Lien Secured Party, including the seeking by any Second Priority Debt Junior Lien Secured Party of adequate protection or the asserting assertion by any Second Priority Debt Junior Lien Secured Party of any of its rights and remedies under any of the Second Priority Junior Lien Debt Documents or otherwise.

Appears in 1 contract

Samples: Intercreditor Agreement

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any Senior Representative Agent or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Debt Secured Party, including the seeking by any Second Priority Debt Secured Party of adequate protection or the asserting assertion by any Second Priority Debt Secured Party of any of its rights and remedies under the Second Priority Debt Documents or otherwise.

Appears in 1 contract

Samples: Intercreditor Agreement (Ch2m Hill Companies LTD)

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, shall prohibit or in any way limit any the Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Debt PartyJunior Secured Party not expressly permitted hereunder, including the seeking by any Second Priority Debt Junior Secured Party of adequate protection or the asserting by any Second Priority Debt Party of any of its rights and remedies under the Second Priority Debt Documents or otherwise(except as provided in Section 5.4).

Appears in 1 contract

Samples: Intercreditor Agreement

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit the Designated Senior Representative, any other Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Junior Priority Debt Party, including the seeking by any Second Junior Priority Debt Party of adequate protection or the asserting by any Second Junior Priority Debt Party of any of its rights and remedies under the Second Junior Priority Debt Documents or otherwise.

Appears in 1 contract

Samples: Junior Intercreditor Agreement (MARRIOTT VACATIONS WORLDWIDE Corp)

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Debt Party, including the seeking by any Second Priority Debt Party of adequate protection or the asserting by any Second Priority Debt Party of any of its rights and remedies under the Second Priority Debt Documents or otherwise.. SECTION 6.08

Appears in 1 contract

Samples: Second Lien Intercreditor Agreement

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Debt Party, including the seeking by any Second Priority Debt Party of adequate protection or the asserting assertion by any Second Priority Debt Party of any of its rights and remedies under the Second Priority Debt Documents or otherwise. 6.7.

Appears in 1 contract

Samples: Credit Agreement (Activision Blizzard, Inc.)

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Debt Party, including the seeking by any Second Priority Debt Party of adequate protection or the asserting by any Second Priority Debt Party of any of its rights and remedies under the Second Priority Debt Documents or otherwise. SECTION 6.07.

Appears in 1 contract

Samples: Credit Agreement

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Debt PartyParty in respect of Second Priority Collateral, including the seeking by any Second Priority Debt Party of adequate protection or the asserting assertion by any Second Priority Debt Party of any of its rights and remedies under the Second Priority Debt Documents or otherwise.

Appears in 1 contract

Samples: Intercreditor Agreement (Interline Brands, Inc./De)

No Waivers of Rights of Senior Secured Parties. Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any the Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Junior Debt Party, including the seeking by any Second Priority Junior Debt Party of adequate protection or the asserting by any Second Priority Junior Debt Party of any of its rights and remedies under the Second Priority Junior Debt Documents or otherwise.

Appears in 1 contract

Samples: Intercreditor Agreement (EnVen Energy Corp)

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