Post-Petition Claims. 1. Neither the Administrative Agent on behalf of any Subordinated Party, nor any other Subordinated Party, will oppose or seek to challenge any claim by a Senior Party for allowance or payment in any Insolvency Proceeding of Senior Obligations consisting of Post-Petition Claims, to the extent of the value of the Senior Parties’ Lien on the Collateral, without regard to the existence of the Lien of the Administrative Agent for the benefit of the Subordinated Party on the Collateral.
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Samples: Credit Agreement (Sprague Resources LP), Credit Agreement (Sprague Resources LP), Security Agreement
Post-Petition Claims. 1. (i) Neither the Administrative Agent on behalf of any Subordinated Party, nor any other Subordinated Party, will oppose or seek to challenge any claim by a Senior Party for allowance or payment in any Insolvency Proceeding of Senior Obligations consisting of PostXxxx-Petition ClaimsXxxxxxxx Xxxxxx, to the extent of the value of the Senior Parties’ Lien on the Collateral, without regard to the existence of the Lien of the Administrative Agent for the benefit of the Subordinated Party on the Collateral.
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