Common use of Right to Realize on Collateral and Enforce Guaranty Clause in Contracts

Right to Realize on Collateral and Enforce Guaranty. Anything contained in any of the Loan Documents to the contrary notwithstanding, the Borrower, the Administrative Agent, the Collateral Agent and each Lender and each Issuing Lender hereby agree that no Lender shall have any right individually to realize upon any of the Collateral or to enforce the Guaranty, it being understood and agreed that all powers, rights and remedies hereunder may be exercised solely by the Administrative Agent on behalf of Lenders in accordance with the terms hereof and all powers, rights and remedies under Collateral Documents may be exercised solely by Collateral Agent. [SIGNATURE PAGE TO CREDIT AGREEMENT]

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Koppers Holdings Inc.)

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Right to Realize on Collateral and Enforce Guaranty. (i) Anything contained in any of the Loan Credit Documents to the contrary notwithstanding, the Parent Borrower, the Administrative Agent, the Collateral Agent and each Lender and each Issuing Lender hereby agree that no Lender shall have any right individually to realize upon any of the Collateral or to enforce the Guaranty, it being understood and agreed that all powers, rights and remedies hereunder may be exercised solely by the Administrative Agent Agent, on behalf of Lenders in accordance with the terms hereof and all powers, rights and remedies under the Collateral Documents may be exercised solely by Collateral Agent. [SIGNATURE PAGE TO CREDIT AGREEMENT].

Appears in 1 contract

Samples: Credit and Guaranty Agreement (RLJ Entertainment, Inc.)

Right to Realize on Collateral and Enforce Guaranty. Anything contained in any of the Loan Documents to the contrary notwithstanding, the Borrower, the Administrative Agent, the Collateral Agent and each Lender and each Issuing Lender Bank hereby agree that no Lender shall have any right individually to realize upon any of the Collateral or to enforce the Guaranty, it being understood and agreed that all powers, rights and remedies hereunder may be exercised solely by the Administrative Agent on behalf of Lenders in accordance with the terms hereof and all powers, rights and remedies under Collateral Documents may be exercised solely by Collateral Agent. [SIGNATURE PAGE TO CREDIT AGREEMENT].

Appears in 1 contract

Samples: Credit Agreement (Arch Coal Inc)

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Right to Realize on Collateral and Enforce Guaranty. Anything contained in any of the Loan Credit Documents to the contrary notwithstanding, the BorrowerCompany, the Administrative Agent, the Collateral Agent Agent, and each Lender and each Issuing Lender hereby agree that no Lender shall have any right individually to realize upon any of the Collateral under the Collateral Documents or to enforce the Guaranty, it being understood and agreed that all powers, rights and remedies hereunder with respect thereto may be exercised solely by the Administrative Agent Agent, on behalf of Lenders in accordance with the terms hereof and all powers, rights and remedies under the Collateral Documents may be exercised solely by Collateral Agent. [SIGNATURE PAGE TO CREDIT AGREEMENT].

Appears in 1 contract

Samples: Credit and Guaranty Agreement (AvidXchange Holdings, Inc.)

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