Common use of Post-Petition Claims Clause in Contracts

Post-Petition Claims. No Agent, nor any of the Claimholders for which they act as agent, shall oppose or seek to challenge (a) any claim by the Priority Agent or any Priority Claimholder for allowance in any Insolvency or Liquidation Proceeding of Obligations consisting of post-petition interest, fees, costs, charges or expenses to the extent of the value of the lien of the Priority Agent in such Priority Agent’s Priority Collateral, without regard to the existence of the Lien of the other Agent in such Collateral, or (b) any claim by the other Agent or any other Claimholder for allowance in any Insolvency or Liquidation Proceeding of Obligations consisting of post-petition interest, fees, costs, charges or expenses to the extent of the value of the lien of the other Agent in such Collateral.

Appears in 2 contracts

Samples: Term Loan Intercreditor Agreement (CPG International Inc.), Loan and Security Agreement (CPG International Inc.)

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Post-Petition Claims. No Agent, nor any of the Claimholders for which they act it acts as agentAgent, shall oppose or seek to challenge (a) any claim by the any Priority Agent or any Priority Claimholder for allowance in any Insolvency or Liquidation Proceeding of Obligations consisting of post-petition interest, fees, costs, charges or expenses to the extent of the value of the lien of the such Priority Agent in such Priority Agent’s Priority Collateral, without regard to the existence of the Lien of the other any Non-Priority Agent in such Collateral, or (b) any claim by the other any Non-Priority Agent or any other Non-Priority Claimholder for allowance in any Insolvency or Liquidation Proceeding of Obligations consisting of post-petition interest, fees, costs, charges or expenses to the extent of the value of the lien of the other such Non-Priority Agent in such Collateral.

Appears in 2 contracts

Samples: Credit Agreement (Nci Building Systems Inc), Intercreditor Agreement (Nci Building Systems Inc)

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Post-Petition Claims. No Agent, nor any of the Claimholders for which they act it acts as agentAgent, shall oppose or seek to challenge (a) any claim by the any Priority Agent or any Priority Claimholder for allowance in any Insolvency or Liquidation Proceeding of Obligations consisting of post-petition interest, fees, costs, charges or expenses to the extent of the value of the lien of the such Priority Agent in such Priority Agent’s 's Priority Collateral, without regard to the existence of the Lien of the other any Non-Priority Agent in such Collateral, or (b) any claim by the other any Non- Priority Agent or any other Non-Priority Claimholder for allowance in any Insolvency or Liquidation Proceeding of Obligations consisting of post-petition interest, fees, costs, charges or expenses to the extent of the value of the lien of the other such Non-Priority Agent in such Collateral.

Appears in 1 contract

Samples: Intercreditor Agreement

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