Common use of and Section 7 Clause in Contracts

and Section 7. If any stay or other order prohibiting the exercise of remedies with respect to the ABL Priority Collateral has been entered by a court of competent jurisdiction, such ABL Priority Collateral Processing and Sale Period shall be tolled during the pendency of any such stay or other order. The New Money Term Loan Agent, upon request by the ABL Agent, may in its sole discretion extend the ABL Priority Collateral Processing and Sale Period for an additional period of time.

Appears in 3 contracts

Sources: Intercreditor Agreement, Intercreditor Agreement, Intercreditor Agreement