Common use of Other Credit Support Clause in Contracts

Other Credit Support. Notwithstanding anything to the contrary contained herein, the provisions of this Section 6 shall not (i) limit the rights of any Secured Party in respect of its Other Credit Support and shall not prevent any Secured Party from taking any actions to enforce such rights to the extent permitted under applicable law, including by (x) objecting to any use of Cash Collateral to the extent constituting Other Credit Support for such Secured Party or (y) objecting to any priming or pari passu Lien on Other Credit Support for such Secured Party, or (ii) limit the right of any Secured Party that is an Eligible Commodity Hedging Counterparty or Interest Rate Hedge Bank under a Secured Hedge Agreement to, among other things, terminate, close out, set off or apply Other Credit Support with respect to any such Secured Hedge Agreement, or take any actions to enforce its rights under such agreement, to the extent permitted under applicable law.

Other Credit Support. Notwithstanding anything to the contrary contained herein, the provisions of this Section 6 shall not (i) limit the rights of any First-Lien Secured Party in respect of its Other Credit Support and shall not prevent any First-Lien Secured Party from taking any actions to enforce such rights to the extent permitted under applicable law, including by (x) objecting to any use of Cash Collateral to the extent constituting Other Credit Support for such First-Lien Secured Party or (y) objecting to any priming or pari passu Lien on Other Credit Support for such First-Lien Secured Party, or (ii) limit the right of any First-Lien Secured Party that is an Eligible Commodity Hedging Counterparty or Interest Rate Hedge Bank under a Secured Hedge Agreement to, among other things, terminate, close out, set off or apply Other Credit Support with respect to any such Secured Hedge Agreement, or take any actions to enforce its rights under such agreement, to the extent permitted under applicable law.