Common use of Waiver of Marshalling Clause in Contracts

Waiver of Marshalling. (a) Until the Discharge of ABL Obligations, the Term Agent, on behalf of itself and the Term Secured Parties, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the ABL Priority Collateral or any other similar rights a junior secured creditor may have under applicable law.

Appears in 19 contracts

Samples: Intercreditor Agreement (Overseas Shipholding Group Inc), Credit Agreement (J Crew Group Inc), Intercreditor Agreement (JOANN Inc.)

AutoNDA by SimpleDocs

Waiver of Marshalling. (a) Until the Discharge of ABL ObligationsClaims, the each Term Loan Agent, on behalf of itself and the applicable Term Secured PartiesLoan Lenders, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the ABL Priority Collateral or any other similar rights a junior secured creditor may have under applicable lawlaw with respect to the ABL Priority Collateral.

Appears in 7 contracts

Samples: Intercreditor Agreement (Forterra, Inc.), Intercreditor Agreement (Forterra, Inc.), Intercreditor Agreement (Forterra, Inc.)

Waiver of Marshalling. (a) Until the Discharge of ABL Obligations, the each Term Agent, on behalf of itself and the relevant Term Secured Parties, agrees agree not to assert and hereby waiveswaive, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the ABL Priority Collateral or any other similar rights a junior secured creditor may have under applicable law.

Appears in 5 contracts

Samples: Intercreditor Agreement (Canada Goose Holdings Inc.), Credit Agreement (Canada Goose Holdings Inc.), Intercreditor Agreement (Canada Goose Holdings Inc.)

Waiver of Marshalling. (a) Until the Discharge of ABL Obligations, the each Term Agent, on behalf of itself and the Term Secured PartiesParties represented by such Term Agent, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the ABL Priority Collateral or any other similar rights a junior secured creditor may have under applicable law.

Appears in 5 contracts

Samples: Credit Agreement (Hayward Holdings, Inc.), Security Agreement (Hayward Holdings, Inc.), Security Agreement (Hayward Holdings, Inc.)

Waiver of Marshalling. (a) Until the Discharge of ABL Obligations, the each Term Agent, on behalf of itself and the applicable Term Secured Parties, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the ABL Priority Collateral or any other similar rights a junior secured creditor may have under applicable law.

Appears in 4 contracts

Samples: Intercreditor Agreement (Horizon Global Corp), Credit Agreement (Horizon Global Corp), Loan Agreement (Horizon Global Corp)

Waiver of Marshalling. (a) Until the Discharge of the ABL Obligations, the Term Agent, on behalf of itself and the Term Secured Parties, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the ABL Priority Collateral or any other similar rights a junior secured creditor may have under applicable law.

Appears in 3 contracts

Samples: Credit Agreement (Music123, Inc.), Intercreditor Agreement (Music123, Inc.), Credit Agreement (Music123, Inc.)

Waiver of Marshalling. (a) Until the Discharge of ABL Obligations, the Term Agent, on behalf of itself and the Term Secured Credit Parties, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the ABL Priority Collateral or any other similar rights a junior secured creditor may have under applicable law.

Appears in 2 contracts

Samples: Intercreditor Agreement (Destination Maternity Corp), Intercreditor Agreement (Destination Maternity Corp)

Waiver of Marshalling. (a) Until the Discharge of ABL Obligations, the Term Agent, on behalf of itself and the other Term Secured Parties, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the ABL Priority Collateral or any other similar rights a junior secured creditor may have under applicable law.

Appears in 1 contract

Samples: Credit Agreement (Sportsman's Warehouse Holdings, Inc.)

Waiver of Marshalling. (a) Until the Discharge of ABL Revolving Obligations, the Term Agent, on behalf of itself and the Term Secured Parties, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the ABL Revolving Priority Collateral or any other similar rights a junior secured creditor may have under applicable law.

Appears in 1 contract

Samples: Intercreditor Agreement (Vista Proppants & Logistics Inc.)

Waiver of Marshalling. (a) Until the Discharge of ABL Obligations, the Term Agent, on behalf of itself and the Term Secured Credit Parties, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the ABL Priority Collateral or any other similar rights a junior secured creditor may have under applicable lawlaw with respect to the ABL Priority Collateral.

Appears in 1 contract

Samples: Intercreditor Agreement (Zale Corp)

AutoNDA by SimpleDocs

Waiver of Marshalling. (a) Until the Discharge of ABL Obligations, the Term Agent, on behalf of itself and the Term Secured Parties, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the ABL Priority Collateral or any other similar rights a junior secured creditor may have under applicable lawlaw with respect to the ABL Priority Collateral.

Appears in 1 contract

Samples: Intercreditor Agreement (Zale Corp)

Waiver of Marshalling. (a) Until the Discharge of the ABL Obligations, the Term Agent, on behalf of itself and the Term Secured Parties, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the ABL Priority Collateral or any other similar rights a junior secured creditor may have under applicable law.

Appears in 1 contract

Samples: Intercreditor Agreement (Hertz Corp)

Waiver of Marshalling. (a) Until the Discharge of the ABL Obligations, the Term Agent, on behalf of itself and the other Term Secured Parties, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the ABL Priority Collateral or any other similar rights a junior secured creditor may have under applicable law.

Appears in 1 contract

Samples: Credit Agreement (YRC Worldwide Inc.)

Waiver of Marshalling. (a) Until the Discharge of ABL Obligations, the each Term Agent, on behalf of itself and the Term Secured PartiesParties represented by it, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the ABL Priority Collateral or any other similar rights a junior secured creditor may have under applicable law.

Appears in 1 contract

Samples: Credit Agreement (Michaels Companies, Inc.)

Waiver of Marshalling. (a) Until the Discharge of the ABL Obligations, the each Term Collateral Agent, on behalf of itself and the Other Applicable Term Secured Parties, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling, appraisal, valuation valuation, discussion and division or other similar right that may otherwise be available under applicable law with respect to the ABL Priority Collateral or any other similar rights a junior secured creditor may have under applicable law.

Appears in 1 contract

Samples: Intercreditor Agreement (Postmedia Network Canada Corp.)

Time is Money Join Law Insider Premium to draft better contracts faster.