Certain Rights of Secured Parties. Any Secured Parties shall have the right, from time to time, in their sole discretion, without notice or demand, to modify, amend, waive or release any of such Secured Parties' respective rights under the Transaction Documents and to exercise or refrain (or direct the Secured Parties Representative to exercise or refrain) from exercising any powers or rights conferred upon such Secured Parties or their Representatives or the Secured Parties Representative thereunder.
Appears in 3 contracts
Sources: Pledge and Intercreditor Agreement (Special Value Opportunities Fund LLC), Pledge and Intercreditor Agreement (Tennenbaum Opportunities Partners V, LP), Pledge and Intercreditor Agreement (Special Value Expansion Fund, LLC)