Common use of Notice of Intent to Foreclose Clause in Contracts

Notice of Intent to Foreclose. (a) The Revolver Collateral Agent will give the Term Collateral Agent notice of its intent to enforce any Lien upon any of the Revolver First Priority Collateral. The Term Collateral Agent will give the Revolver Collateral Agent notice of its intent to enforce any Lien upon any of the Term First Priority Collateral. The notice required by this Section 5(a) shall be required to be given by a party only if it intends to:

Appears in 2 contracts

Samples: Security Agreement (Texas Petrochemicals Inc.), Security Agreement (Texas Petrochemicals Inc.)

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Notice of Intent to Foreclose. (a) The Revolver Collateral Agent will give the Term Notes Collateral Agent notice of its intent to enforce any Lien upon any of the Revolver First Priority Collateral. The Term Notes Collateral Agent will give the Revolver Collateral Agent notice of its or any of the Trustee’s (at the direction of the Notes Secured Creditors) intent to enforce any Lien upon any of the Term Notes First Priority Collateral. The notice required by this Section 5(a) shall be required to be given by a party only if it intends to:

Appears in 1 contract

Samples: Intercreditor Agreement (TPC Group Inc.)

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Notice of Intent to Foreclose. (a) The Revolver Collateral Agent will give the Term and Note Collateral Agent notice of its intent to enforce any Lien upon any of the Revolver First Priority Collateral. The Term and Note Collateral Agent will give the Revolver Collateral Agent notice of its intent to enforce any Lien upon any of the Term and Note First Priority Collateral. The notice required by this Section 5(a) shall be required to be given by a party only if it intends to:

Appears in 1 contract

Samples: Intercreditor Agreement (Huntsman LLC)

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