Common use of Successor Collateral Agent Clause in Contracts

Successor Collateral Agent. In the event that a successor Collateral Agent is appointed hereunder, each of the Senior Creditors and the Obligors hereby agree to use its best efforts and to take all actions necessary and appropriate to provide for the collection of Obligations by the successor Collateral Agent upon the delivery of a Notice of Actionable Default.

Appears in 5 contracts

Sources: Note Purchase Agreement (Cabelas Inc), Intercreditor Agreement (Cabelas Inc), Intercreditor Agreement (Cabelas Inc)