Common use of Waiver of Right to Contest Liens Clause in Contracts

Waiver of Right to Contest Liens. (a) The Term Agent, for and on behalf of itself and the Term Lenders, agrees that it and they shall not (and hereby waives any right to) take any action to contest or challenge (or assist or support any other Person in contesting or challenging), directly or indirectly, whether or not in any proceeding (including in any Insolvency Proceeding), the validity, priority, enforceability, or perfection of the Liens of the ABL Agent and the ABL Lenders in respect of the Collateral (including the ABL Canadian Collateral) or the provisions of this Agreement. Except to the extent expressly set forth in this Agreement, the Term Agent, for itself and on behalf of the Term Lenders, agrees that none of the Term Agent or the Term Lenders will take any action that would interfere with any Exercise of Secured Creditor Remedies undertaken by the ABL Agent or any ABL Lender under the ABL Documents with respect to the ABL Priority Collateral (including the ABL Canadian Collateral). Except to the extent expressly set forth in this Agreement, the Term Agent, for itself and on behalf of the Term Lenders, hereby waives any and all rights it or the Term Lenders may have as a junior lien creditor or otherwise to contest, protest, object to, or interfere with the manner in which the ABL Agent or any ABL Lender seeks to enforce its Liens in any ABL Priority Collateral (including the ABL Canadian Collateral).

Waiver of Right to Contest Liens. (a) The DIP Term Agent, for and on behalf of itself and the DIP Term LendersSecured Parties, agrees that it and they shall not (and hereby waives any right to) take any action to contest or challenge (or assist or support any other Person in contesting or challenging), directly or indirectly, whether or not in any proceeding (including in any Insolvency Proceeding), the validity, priority, enforceability, or perfection of the Liens of the DIP ABL Agent and the ABL Lenders in respect of the Collateral (including the ABL Canadian Collateral) or the provisions of this Agreement. Except to the extent expressly set forth in this Agreement, the DIP Term Agent, for itself and on behalf of the DIP Term LendersSecured Parties, agrees that none of the DIP Term Agent or the any DIP Term Lenders Secured Party will take any action that would interfere with any Exercise of Secured Creditor Remedies undertaken by the DIP ABL Agent or any ABL Lender under the DIP ABL Documents with respect to the DIP ABL Priority Collateral (including the ABL Canadian Collateral). Except to the extent expressly set forth in this Agreement, the DIP Term Agent, for itself and on behalf of the DIP Term LendersSecured Parties, hereby waives any and all rights it or the DIP Term Lenders Secured Parties may have as a junior lien creditor or otherwise to contest, protest, object to, or interfere with the manner in which the DIP ABL Agent or any ABL Lender seeks to enforce its Liens in any DIP ABL Priority Collateral (including the ABL Canadian Collateral).

Waiver of Right to Contest Liens. (a) The Term Loan Agent, for and on behalf of itself and the applicable Term LendersLoan Secured Parties, agrees that it and they shall not (and hereby waives any right to) take any action to contest or challenge (or assist or support any other Person in contesting or challenging), directly or indirectly, whether or not in any proceeding (including in any Insolvency Proceeding), the validity, priority, enforceability, or perfection of the Liens of the ABL Agent and the ABL Lenders in respect of the Collateral (including the ABL Canadian Collateral) or the provisions of this Agreement. Except to the extent expressly set forth in this Agreement, the Term Loan Agent, for itself and on behalf of the applicable Term LendersLoan Secured Parties, agrees that none of the Term Loan Agent or the Term Lenders Loan Secured Parties will take any action that would interfere with any Exercise of Secured Creditor Remedies undertaken by the ABL Agent or any ABL Lender under the ABL Documents with respect to the ABL Priority Collateral (including the ABL Canadian Collateral). Except to the extent expressly set forth in this Agreement, the Term Loan Agent, for itself and on behalf of the applicable Term LendersLoan Secured Parties, hereby waives any and all rights it or the applicable Term Lenders Loan Secured Parties may have as a junior lien creditor or otherwise to contest, protest, object to, or interfere with the manner in which the ABL Agent or any ABL Lender seeks to enforce its Liens in any ABL Priority Collateral (including the ABL Canadian Collateral).

Waiver of Right to Contest Liens. (a) The DIP Term Agent, for and on behalf of itself and the DIP Term Lenders, agrees that it and they shall not (and hereby waives any right to) take any action to contest or challenge (or assist or support any other Person in contesting or challenging), directly or indirectly, whether or not in any proceeding (including in any Insolvency Proceeding), the validity, priority, enforceability, or perfection of the Liens of the DIP ABL Agent and the ABL Lenders in respect of the Collateral (including the ABL Canadian Collateral) or the provisions of this Agreement. Except to the extent expressly set forth in this Agreement, the DIP Term Agent, for itself and on behalf of the DIP Term Lenders, agrees that none of the DIP Term Agent or the DIP Term Lenders will take any action that would interfere with any Exercise of Secured Creditor Remedies undertaken by the DIP ABL Agent or any ABL Lender under the DIP ABL Documents with respect to the DIP ABL Priority Collateral (including the ABL Canadian Collateral). Except to the extent expressly set forth in this Agreement, the DIP Term Agent, for itself and on behalf of the DIP Term Lenders, hereby waives any and all rights it or the DIP Term Lenders may have as a junior lien creditor or otherwise to contest, protest, object to, or interfere with the manner in which the DIP ABL Agent or any ABL Lender seeks to enforce its Liens in any DIP ABL Priority Collateral (including the ABL Canadian Collateral).